Lighthouse...

 


Broder Financial Services

 

Broder Financial Services

 

We provide support through seminars, consulting, a guide and a complete range of financials services, with a focus on churches and small businesses.

Through these services, we enable the individual and company to fully comply with the complex IRS regulations of the not-for-profit organizations, ministerial tax returns and small business financial requirements.

 

QuickBooks Online (QBO) ProAdvisor

BFS Training, Computer, and Consulting Services:
Training:

  • Seminars presented nationally
  • Training for ministers, financial professionals and employees on church related areas
  • On-site and off-site training available
  • The guide, Church Payroll&Tax Issues for Today
  • Consulting regarding church finances, and small businesses

Computer:

  • Basic Bookkeeping for churches, not-for-profit organizations and small business
  • Installation and training of QuickBooks (TM)
  • Installation of QuickBooks (TM)
  • Chart of accounts
  • Set-up payroll
  • Set-up accounts payable
  • Set-up of financial statements
  • Training on the use of QuickBooks (TM)

Consulting Services:

  • Financial systems review (accounts payable, payroll and financial statements)
  • Complete review of all financial policies and procedures
  • Review of Board minutes for IRS compliance issues
  • Property tax review
  • Workers compensation category review

 

BFS Financial Services:
Chart of Accounts

  • Standardization of the chart of accounts
  • Review, set-up and enhance chart of accounts

General Ledger

  • Standardization of the general ledger
  • Review, set-up and enhance the general ledger

Income Statement

  • Profit & loss statement review
  • Fixed assets and depreciation
  • Review of income and expenses for appropriateness
  • Salary, housing and other allowance review

Balance Sheet

  • Creation and maintenance of the balance sheet
  • Assets, liability and equity in correct areas

Accounts Payable

  • Vendor maintenance
  • Check issuance policy and procedures
  • Posting to proper accounts review
  • 1099-Misc. issuance and review

Payroll

  • Employee maintenance
  • Payroll tax depositing
  • W-4 and I-9 compliance
  • Payroll policy and procedures
  • Issuance of pay checks
  • Salary, housing and other allowances, fringe benefits review
  • Contacting the state with new employees
  • W-2 issuance

Contribution Substantiation

  • Weekly posting of donations received by not-for-profit organizations
  • Individual statements sent to donors for more than $250.00 in cash contributions
  • Individual statements sent to donors for more than $75.00 in non cash contributions
  • Quarterly statements sent to all identifiable donors
  • Annual statements sent to all identifiable donors

Tax Returns Filed

  • Quarterly payroll tax returns (941 and 941 Teletax)
  • Annual tax returns
  • Annual tax returns for not-for-profit organizations (990 & 990-T)
  • 1099-Misc. and related forms
  • W-2's and related forms
  • 1040 Individual and 1041 Fiduciary tax returns
  • QuickBooks Online (QBO) ProAdvisor

QuickBooks Online (QBO) ProAdvisor

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wbroder@broderfinancialservice.com


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