We Offer Tax Services for Foundations and Philanthropic Families
We advance beliefs bigger than ourselves. Our expert solutions take the guesswork out of foundation tax returns and accounting, allowing you to concentrate on what matters most – to do more good in the world.
Foundation Tax Preparation
Every year, private foundations are required to submit a tax return on IRS Form 990-PF. We partner with you to ensure that your foundation tax return, as well as your annual state filings and registrations, are filed securely, correctly, and on time. We take more weight off your shoulders by providing grant due diligence and by calculating your foundation's annual minimum distribution requirements. To better assist you, we archive your prior year tax returns and supporting documentation. We also provide you with knowledgeable guidance on how to efficiently operate your foundation.
Kyle has been a wonderful partner to my organization.
His expertise, support, and communication skills have eased my stress when tax season rolls around and have helped to keep our financials on track.
CPA KPA provides private foundations and philanthropic families nationwide with hassle-free bookkeeping and accounting services. Our solutions are never one size fits all. Rather, we tailor our accounting services to your foundation’s unique needs. We specialize in:
Categorization of transactions
Reconciliation of invoices, payments, and bank statements
Maintaining accounts receivable and accounts payable
Private Client Tax Solutions
We provide exceptional private client tax services to high-net-worth individuals and families. We have the capability and experience to help you with the complicated business and financial entities you may own or control, but your family always comes first. Our expertise will simplify complicated tax processes, assuring a more tranquil financial journey for you and your loved ones.
We offer the following private client tax services:
Individual income tax planning and compliance
Business tax compliance and reporting
Trust accounting and tax compliance
Coordination with financial advisors and other professionals
Updates on tax law changes for new tax planning opportunities
I know I can completely trust Kyle
I am not a tax accountant and I don’t have the time or expertise to do taxes. I had no idea I could actually enjoy working with an accountant until Kyle started helping me. I know I can completely trust Kyle and having him on my side really brings peace of mind during tax season. I highly recommend using CPA KPA to those thinking of seeking professional accounting services.
Latest Blog & News
Unlocking Social Change: Exploring the Power of Private Foundation Impact Investments
Private foundation impact investments offer a unique opportunity to generate financial returns while making a measurable social or environmental impact. By aligning their financial assets with philanthropic goals, foundations can drive meaningful change, address societal challenges, and maximize their philanthropic efforts on a global scale. Through strategic partnerships and innovative approaches, private foundation impact investments are transforming traditional grantmaking and creating lasting positive ripple effects in communities.
Proactive Governance: Monitoring and Addressing Self-Dealing Risks in Private Foundations
Mitigate the risks of self-dealing in private foundations through clear understanding and compliance. Educate board members, conduct due diligence, document transactions, establish conflict of interest policies, and regularly review and monitor activities to ensure adherence to self-dealing rules and maintain the foundation's tax-exempt status and integrity.
Founding Documents: Your Roadmap to Effective Governance
The legal documents that govern a private foundation,including its bylaws, trust instrument, or articles of incorporation, serve asessential blueprints for operating a private foundation.
2022 Tax Planning Guide for Private Foundations
The CPA KPA 2022 Tax Planning Guide for Private Foundations provides information and planning tips to help navigate complex tax and compliance issues. We help demystify Form 990-PF and the complicated rules that govern private foundations.
Do people donate to charity for the tax deduction?
The primary reason people give to charity is not to take advantage of tax deductions. Very simple arithmetic shows this cannot be true.
The Truth About Overhead Ratios
The overhead ratio is a useful tool for private foundations carrying out due diligence in their grant making process. Evaluating the effectiveness of nonprofits is very difficult and analyzing overhead is just one piece of the puzzle. Every nonprofit charity needs a balanced amount of overhead to operate its charitable programs and to invest in crucial systems, talent, and training.