Not-for-Profit Accounting for Organizations & Charities

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 Not-for-Profit Accounting for Organizations & Charities

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

At  Hogg, Shain and Scheck, we appreciate everything that charities and not-for-profit organizations contribute to the economy and community here in Canada. 

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 advisory services for the not-for-profit organizations and registered charities. If you are a Canadian not-for-profit 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.

Advisory and Accounting Services for Not-For-Profit Organizations and Registered Charities:

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

Canadian Not-for-Profits and Charitable Organizations Served

At Hogg, Shain & Scheck, we provide not-for-profit assurance services to Canadian charitable & not-for-profit organizations of all kinds, including:

Accounting for Arts & Creative Organizations
Art & Creative Organizations

Accounting Services for Bands and Orchestras
Bands, Orchestras & Musical Organizations

Accounting for Ontario Chamber of Commerce Organizations
Chambers of Commerce & Business Associations

Accounting Services for Charitable Organizations
Charitable Foundations

Accounting for Ontario Community Centres
Community Resource Centres

Accounting Services for Dance Organization
Dance Organizations

Accounting Services for Canadian Disease Associations
Disease Associations & Organizations

Accounting Services for Ontario Festivals

Accounting Services for Ontario Museums

Accounting for Ontario Private Schools
Private Schools

Accounting Services for Ontario Religious Organizations
Religious Organizations

Accounting for Canadian Scholarships and Trusts
Scholarships & Trusts

Accounting Services for Toronto Stage & Performing Arts Groups
Stage & Performing Arts Companies

Accounting Services for Toronto Theatres

Accounting Services for Churches

Accounting Services for Diversity Organizations
Diversity Organizations

Not-for-Profit Accountants

An Accounting Team Passionate About Local Not-for-Profit Organizations

Hogg, Shain and Scheck’s not-for-profit accountants serve charities and not-for-profit organizations 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.

Management of Not-for-Profit Financial Statements & Recordkeeping

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 accounting advisors:

Churches | Hogg, Shain & Scheck
  • Prepare and review the fillings required for the Canada Revenue Agency (CRA).
  • Manage your tax returns and not-for-profit financial statements.
  • Prepare not-for-profit financial audits and perform 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-profit organizations 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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