Not-for-Profit

Because not-for-profit organizations are as motivated to reach their financial goals as organizations that must answer to the bottom line, nonprofit accountants can help. Yet nonprofts are affected by a whole different set of considerations. Since our firm’s inception, our nonprofit accounting specialists have been assisting a variety of not-for-profit entities with their accounting needs. We provide specialized tax research on such areas as employer/employee independent contractor status, tax exempt financing, pension plans, employee fringe benefits, contributions of property, excise taxes, intermediate sanctions, and formation of joint ventures.

Capabilities:

  • General Accounting and Business Consultations
  • Financial Statements
  • Preparation of Form 990
  • Evaluations Regarding Unrelated Business Income Tax
  • Internal Control Reviews
  • Cost Allocations Plans
  • Employee Benefits Services
  • Audits in Accordance with Government Auditing Standards
  • Assistance in Implementation of New Accounting Standards

Business Tax Planning and Preparation

Business Tax Planning and Preparation Hicok, Fern & Company provides complete and diversified tax services including federal, state, and local tax return preparation. We understand the challenges that businesses face. At Hicok, Fern & Company, we are...

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Internal Control and Systems Evaluations

Internal Control & Systems Evaluations Internal controls are the policies and practices established to protect an organization’s assets, ensure accurate financial reporting, and facilitate that goals and objectives are effectively accomplished.  To protect...

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Fixed Assets System Implementation

Fixed Assets System Implementation Fixed assets often require additional attention because of the complicated tracking and documentation that they require. Fixed assets are constantly changing; therefore, it is essential to establish systems to monitor the...

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Cost Allocation Plans

Cost Allocation Plans Cost allocation is an important step in financial reporting and understanding business profitability. Whereas budgeting determines how much money you spend, cost allocation indicates how you spend money, by assigning costs to cost objects. Hicok,...

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Compilation and Review

Compilation & Review Compilation Hicok, Fern & Company can generate formal financial reports prepared from accounting records. These statements may include a balance sheet, statement of retained earnings, statement of income and a statement of cash flows....

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Audits

Audits Financial statements summarize the financial status and results of operations of a business entity. Hicok, Fern & Company provides formal financial reports prepared from accounting records. Those statements may include a balance sheet, statement of retained...

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Business Valuations

Business Valuations Determining a company’s value is a highly complex process. We consider the nature of the company, its history and economic outlook, financial condition, earnings capacity, dividends, prior stock sales and values, locations, quality of management,...

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CFO Consulting

CFO Consulting Regardless of your position in the life cycle of your business, or the speed at which you find your business moves, Hicok, Fern & Company can help you identify and confront critical issues and pinpoint problems — fast — to develop innovative...

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Client Accounting

Client Accounting Hicok, Fern & Company realizes many businesses would rather concentrate on business than handle meticulous accounting work. That is why we offer a complete line of accounting services to ease this burden for our clients. Whether you are looking...

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Individual Tax Planning & Preparation

Tax Preparation For Individuals Tax law is constantly evolving and can overwhelm taxpayers with uncertainty. Hicok, Fern & Company provides complete and diversified tax services including federal, state, and local tax return preparation. We understand the...

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