In today’s increasingly competitive job market, trade associations are tasked with meeting the needs of a very mobile workforce with ever-changing expectations. Demands for new membership models, in addition to demands for boosting membership, are just some of the current challenges facing the administration and boards of trade associations.
Today, our nonprofit work comprises more than 25% of our business, with trade associations making up a significant portion. As a result, we appreciate that you are facing these challenges, and we have a keen understanding of your typical structure as a trade association, given our extensive work with similar entities. As your audit, tax and / or accounting specialist, we provide a streamlined and economical approach to fulfill your unique needs, so you can keep your attention on the priorities of your association.
We audit, review or compile the financial statements of numerous trade associations each year, and we perform various related agreed-upon procedures for these associations. Our tax professionals understand your tax complexities and prepare applications for tax-exempt status, form 990 and / or form 990-T, as well as other required state filings. For smaller trade associations, our accounting solutions group can serve as your in-house finance department and provide monthly financial reports, take responsibility for payroll, and handle all bookkeeping and membership dues management, among other responsibilities depending on your needs. This group can also simply provide recommendations on these processes after a review of processes currently in place.