Accountants for Not-For-Profit Organizations & Charities

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 Accountants for Not-For-Profit Organizations & Charities

Going above and beyond for the charities and not-for-profit organizations in our community.

Our accountants are avid volunteers, and our team is passionate about enhancing the financial stability of the not-for-profit sector by providing experienced and dedicated accounting services for the Not-for-Profit sector. If you are Canadian a not-for-profit organization looking for seasoned accounting professionals to assist with the financial management of your organization, you will find a compassionate, innovative, and reliable accounting team with Hogg, Shain and Scheck.

Accounting Services for Not-For-Profit Organization and Registered Charities:

  • T1044 and T3010 Information Returns
  • Tax Returns for Not-for-Profit Organization
  • Audit Committees
  • Accounting Audits
  • Alternate Investment Planning
  • Financial Reporting

An Accounting Team Passionate About Local Not-for-Profits

Hogg, Shain and Scheck serves charities and not-for-profit businesses across Ontario. Guided by CPA Accounting Standards for not-for-profit organizations in Canada, our accountants and advisors manage your organization’s unique financial and taxation needs, including:

  • Track your streams of revenue to ensure that funds are being used for their intended purpose
  • Keep track of your revenue and expenses
  • Calculate and reduce your cost per dollar raised
  • Ensure that your not-for-profit or registered charity is operating in a sustainable fashion

Not-for-Profits and Charitable Organizations Served

We serve Canadian charitable & not-for-profit organizations of all kinds, including:

Art & Creative organizationsArt & Creative organizations

Bands, Orchestras & Musical organizationsBands, Orchestras & Musical organizations

Chambers of Commerce & Business AssociationsChambers of Commerce & Business Associations

Charitable FoundationsCharitable Foundations

Community Resource CentresCommunity Resource Centres

Dance OrganizationsDance Organizations

Disease Associations & OrganizationsDisease Associations & Organizations

FestivalsFestivals

MuseumsMuseums

Private SchoolsPrivate Schools

Religious OrganizationsReligious Organizations

Scholarships & TrustsScholarships & Trusts

Stage & Performing Arts CompaniesStage & Performing Arts Companies

TheatresTheatres

Financial Record Keeping & Financial Reporting

Keeping thorough and accurate financial records is essential to protecting your status as a reputable not-for-profit. Flawed accounting practices negatively affect your financial stability, and they also may compromise your community’s willingness to support your organization. Our not-for-profit accountants:

  • Prepare and review the fillings required for the Canada Revenue Agency (CRA).
  • Manage your tax returns and financial statements.
  • Prepare financial audits. Our accountants are extremely skilled at performing audit engagements.

Financial Security through Savings & Growth

Over and above monitoring your finances and refining your financial reporting processes, our not-for-profit accountants will help your organization to discover financial security. Our team understands and helps:

  • Not-for-profits throughout Ontario take advantage of savings and growth opportunities
  • Establish and manage your tax-exempt status
  • Ensure that you are benefiting from as many eligible tax exemptions as possible
  • Rework your operational structure to ensure that your not-for-profit organization is running as efficiently and cost-friendly as it can be
  • Help you to more effectively achieve your mission
  • Uphold your organizational values, respecting the wants and needs of your stakeholders

Dedicated & Experienced in Not-for-Profit Accounting

Our accountants for the not-for-profit sector privilege mutual respect and understanding. Throughout the year, we will work with your Board of Directors to deliver exceptional accounting services that protect the sustainability and integrity of your organization. We will check in with you, support you, and help you to create impressive changes within your community.

If you are a registered charity or not-for-profit organization in Canada, and you want a professional accounting firm that you can trust, contact Hogg, Shain & Scheck. We look forward to supporting you so that you can effectively support our communities.

What our clients are saying

Blog Posts Related To Charity & Not-for-Profit Organizations

  • Not-for-Profit Organizations Accounting versus Normal Business Accounting

    April 19, 2016 by

    There are a number of factors related to for-profit and not-for-profit organization accounting that are virtually the same. For example, payroll taxes and reporting expenses and income are the same regardless of your charitable status.  However, there are also a number of significant differences. These differences are related to the not-for-profit organization’s allocation of resources toward
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  • Bookkeeping Tips for Not-for-Profit Organizations

    March 16, 2016 by

    As a not-for-profit organization you have a mandate to achieve certain goals. The money that is available to your not-for-profit organization is essential for reaching the goals, and a quality bookkeeping system is essential to keep track of and manage that money. Since the funds are such an essential part of keeping your organization running, it
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  • What Is the Difference Between Not-For-Profit Organizations and Charities

    October 8, 2013 by

    Although a Not-for-Profit organization (NPO) may be thought to be the same as a charitable organization there are significant differences. What is a Not-For-Profit Organization? A NPO can either be incorporated or not incorporated. A NPO is a club, society, or association that is not a charity. It is organized and operated solely for: ■
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  • Charity Donations in Canada & Taxes: How Much Can I Get Back?

    August 25, 2013 by

    Our Toronto-based tax accounting clients often ask us, “How much money do you get back for charitable donations?” That, of course, depends on a lot of factors. However, Canada Revenue Agency (CRA) is making it easy for you to calculate exactly how much you can receive in tax credits for your charitable donations. Their website
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