Lockhart & Company has developed a strong reputation of meeting needs specific to the Not-for-Profit sector. We have a growing Not-for-Profit client base, providing valuable experience to draw from when completing your auditing and accounting services.
Each year the CRA requires all non-profit organizations to file an annual income tax return and registered charities to file an annual information return. We can help you file accurate returns in a timely manner.
Current reporting standards require a detailed audit of Not-for-Profit organizations. It is difficult for larger accounting firms to provide an audit for a Not-for-Profit organization at a reasonable cost, which is why many NPOs are turning to us for their auditing needs. We often find ourselves doing the same work for far less. We apply the same auditing standards for NPOs as we do for other organizations. By focusing on areas in the financial statements of greater risk we improve audit efficiency and quality.
Here’s what we can do for you…
- Review and compile your financial statements
- Design, install, and maintain your Accounting System
- Weekly, bi-weekly, or monthly payroll preparation
- Provide training for your accounting personnel
- Provide training for your board on non-profit financial statement usage and effective budgeting practices
- Prepare and file information and tax returns
We want to work WITH you in an efficient and effective way to improve your organizations operational goals. We understand the important role the non-for-profit sector plays in our society and take pride in being a part of that.