Not-for-Profit Sector Specialties
RLB can provide support to your organization in the following areas:
Accounting and Assurance
- Generally Accepted Accounting Principles for not-for-profit organizations – including the implementation of the new requirements
- Financial reporting for government funding programs
- Specialized assurance requirements for compliance with agreements or government funding requirements
- Internal control analysis and efficiency
Governance & Management
- Establishing a non-profit or charitable organization
- Board governance – fiduciary duties; stewardship of assets; Board composition and responsibilities; management reporting
- Audit/finance committees – responsibilities; membership
- Budgeting and forecasting
- Investments and cash flow management
- Strategic planning
- Succession planning
- Fraud prevention
Human Resources
- Human resource planning
- Personnel policies and procedures
- Development of role descriptions
- Executive compensation
- Analysis of employee compensation and benefits
- Employee recruitment, retention and succession
Tax – Employees
- Preparation of T4s and other tax slips and documentation
- Taxable benefit analysis to ensure compliance with the Income Tax Act, Canada Revenue Agency administrative policies and case law.
Sales Tax – Non-Profit and Charitable Organizations
- HST/PST registration requirements and issues
- Federal/provincial rebates
Tax – Non-Profit Organizations
- Non-profit return compliance
- Limitations on profit; equity
Tax - Charitable Organizations:
- Public/private foundations
- Donations – qualified donees; receipting; tax benefits of donation of property; tax effective giving
- Charitable return compliance (disbursement quota)
- Revocation of charitable status, penalties and sanctions
