Services

Thomason Financial Resources, a Nashville and Middle Tennessee CPA firm, caters to the nonprofit sector of all sizes. We understand that with zero tolerance for accounting surprises today, you need to be able to make confident decisions with reliable financial information. While you focus on running your organization’s business, we will ensure that your financial records and operating processes are accurate and running effectively and efficiently.

We specialize in the three key services below. We will discuss your overall needs first and then custom design a package that is right for you.

Internal control is a process affected by an organization’s board of directors, management and other personnel, designed to provide reasonable assurance regarding achievement of three primary objectives as follows:

• Effectiveness and efficiency of operations
• Reliability of financial reporting
• Compliance with applicable laws and regulations

We will review your organization’s internal control environment by observing, documenting and charting your financial and operational processes. For any identified weakness we find in your internal control environment, we will recommend solutions and assist as necessary in the implementation of those solutions.

Nonprofit organizations, other than private foundations, must file an annual information return, Form 990 – Return of Organization Exempt From Income Tax, or Form 990-EZ – Short Form Return of Organization Exempt From Income Tax. These forms must be filed with the Internal Revenue Service by the 15th day of the 5th month after the organization’s fiscal year end. We will prepare your form accurately and timely file with the IRS.