Grant Search

There are a number of good websites where you can find grants for your organization. Some websites include Grants.gov, the Foundation Center and GrantsNet. However, this process can be tedious and time consuming. Through sophisticated software, Business Financial Solution offers grant search services which lessen the time spent and reduces the costs associated with searching for qualified grants. To properly search for grants many factors should be considered. does the foundation that provides the grant offer support in your area? How much does the organization usually grant to organizations? What programs does the foundation support? These are a few of the critical questions, where we can obtain history of perspective grantors. This increases our clients likelihood in preparing grants, which are more likely to be awarded.

Proposal Writing

Most grant applications require similar information. Follow these tips for all the parts of your grant proposal, from the cover letter to the budget. BFS usually recommends preparing a business plan before going on a grant writing mission. The business plan usually contains most of the information required for most grants. Grant proposals are a part of any fundraiser's portfolio. To achieve optimal success your grant proposals should be part of your overall fundraising plan. Grants may be from a variety of sources such as a foundation or a government entity. They will all require similar information. therefore a business plan should be developed which encompasses the proper elements for the grants process.

Fund Accounting

General purpose funds can be used for general operation expenses, such as rent, salaries, supplies, and other general overhead-related expenses that are necessary for the organization to keep its doors open. Special funds are generally restricted to use for programs and services that the organization or entity provides. The accounting for special funds must be as stringent as their application. There are two main entities that regulate grant or fund accounting for non-profit organizations. At the federal level, the regulating entity is the Federal Accounting Standards Advisory Board (FASAB). At the local or state level, the regulating agency is the Governmental Accounting Standards Board (GASB).

Tax Preparation

The Form 990 tax return for a Non-Profit Organization has to be filed for most 501 (c) 3 organizations. BFS accountants and tax preparers prepare dozens of 990 tax returns each year. These are generally the most complicated of the income tax returns for tax preparers. Not all CPA or tax preparation firms will offer this as a part of their services. Because these returns must be prepared to meet federal and local government standards there should be prepared with integrity. The 990 tax return is also a matter of public record. Preparation of this tax document is for all of your funders and the general public to see in an open forum.

Business & Financial Solutions is located conveniently in the Washington, DC Metro Area. Our services, however, are not restricted to Washington DC. Our clients and services are throughout the United States. Our sophisticated back-end technology, and state of the art software, allows us to communicate with our clients beyond conventional manners, which restrict most CPA firms. Our tax preparers and accountants provide solutions, not excuses.

Our Montgomery County firm is designed to provide most of the services needed by a new or existing organizations. This includes services such as writing the organizational charter, and obtaining the federal and state EIN numbers. State Combined Registrations. Business & Financial Solutions is a one-stop center for all your 501 (c) 3 organizational needs. If you find that our services meet your needs, contact our Rockville office for more information.

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