Trade and Professional Associations

More Attention to Detail Leads to More Effective Solutions.

One of the strengths of our Not-for-Profit Practice is our ability to provide input throughout the year, not just at year-end. This requires us to ask a few more questions, read your internal financial statements and board minutes when they are circulated and fully understand your association's mission and goals.

What you receive is a better understanding of your risks, more timely advice and actionable recommendations—all to help you strengthen your association.

Simply put, you will find that we are accessible. We will quickly provide the answers and advice you need, letting you and your association remain more focused on your members and your mission.

We Listen. We Understand. We Advise.

By working closely with you, comparing your needs to our many other not-for-profit clients and fully understanding what you want to achieve, we can deliver the tailored audit, tax and consulting program your association requires.

Our associations appreciate the hands-on approach we bring to their audits. They also appreciate our ability to provide the full range of business consulting and tax services, both locally and internationally. Services such as:

  • advising on board governance issues
  • benchmarking investment allocations against similar associations
  • reviewing and flowcharting internal controls
  • reviewing controls for cash receipts (especially critical during annual conferences)
  • helping obtain experienced staff or outsourced consultants for temporary or strategic needs
  • providing international expertise for associations setting up overseas offices
  • training international board members on US GAAP reporting issues
  • performing audits of royalty agreements
  • explaining how the Sarbanes-Oxley Act might impact your association
  • providing the full range of tax planning and guidance for …
    • structuring charitable, educational and research activities
    • complying with withholding rules on payments to foreign persons
    • complying with sales and use tax rules
    • structuring political action committees
  • minimizing unrelated trade or business income tax attributable to revenue from:
    • mailing lists and affinity programs
    • advertising in publications and journals
    • rents and royalties
    • real estate transactions involving debt-financed income

Learn More

To learn more about Blackman Kallick's Not-For-Profit Practice, please contact:

 


This publication is part of Blackman Kallick’s marketing of professional services, and is not written tax advice directed at the specific facts and circumstances of any person and/or entity. Contents of this publication are of a general nature, and you should not act on this information without obtaining professional advice from your business advisor that is appropriately tailored to your individual needs and circumstances. This written advice is not intended or written to be used, and cannot be used by any taxpayer, for the purpose of avoiding penalties that may be imposed under the Internal Revenue Code.