Tax & Audit Services for Schools

As far as school taxes and audits are concerned, Dimov Tax specializes in them for all kinds and types of schools. Be they private academies and charter schools to public school districts. Educational institutions are often seen to spend a lot of their costs on funding restrictions, compliance and reporting requirements, and therefore, our goal is to help them to reduce spending.

Comprehensive Tax Support for Schools

If your brokerage incomeOur CPA team assists the school with every aspect including annual tax filings to strategic financial planning. If you are looking to sustain a non-profit status or manage taxable activities, our team formulates a plan to sustain your compliance with non-profit status requirements. Some other services include, involves numerous accounts, commissions, and investment related costs, the taxation of your income becomes intricate. For our stock broker and brokerage firm clients, we offer tax services such as:

• IRS Form 990 filing for eligible schools with basic guidance on eligible expenses and compliance with state and local tax compliance.
• Guiding on allowable expenses and compliance with state and local tax rules
• Help for tax audits including thorough readiness for regulatory walkthroughs.

The schools and institutions are completely ensured to be tax compliant as they are often seen being subjected to audits, and with our experience in tax auditor education and the specific need of schools.

Audit Services for Educational Institutions

Every school tax audit for an educational institution, be it a small private academy or a large public school district, comes with its intricacies. With years of experience providing school audit services, we ensure that school records are thorough and placed in an orderly manner for scrutiny.

We provide support for:

• Compliance audit for schools
• Public school audits required by state or federal agencies
• Assistance and preparation for school district auditors
• Internal and external audits for school districts
• Verification of donor-restricted funds and grant allocations

By working with Dimov Tax, you can rest assured that your internal controls, and financial statements, as well as your compliance processes will be of the highest caliber.

Accounting and Bookkeeping for Schools

Like other educational institutions, schools are sources of numerous funds, including: private tuition, grants, donations, and government aid. As your trusted partner, we strive to ensure that you are able to account for and properly manage these funds with our accounting services. Other services that we provide include:

• Monthly reconciliations and financial reporting
• Segregation of restricted and unrestricted funds
• Payroll accounting for employees, faculty, and staff
• Budget and cash flow forecasting

We prepare financial statements or support audits and accreditation reviews as well as reports to the board.

Why Schools Choose Dimov Tax

• Experience in School Finance – Dimov Tax's School Tax & Audits Services Division effectively solves problems in school compliance and taxation audit coursework, all thanks to our prior experience as school tax auditors.
• Tailored to Each Schools Needs – Our philosophy is to work with each school individually. This guarantees that we meet all of your objectives as well as your funding model.
• Comprehensive Compliance Assistance – Our assist with tax obligations is comprehensive: from annual filings to school tax audits.

Partner with Experts in School Tax & Audit Services

Dimov Tax is your trusted partner, whether you require comprehensive audits for public schools, engagement with veteran auditors for school districts, or school tax audit preparations.

To ensure your institution remains compliant and financially robust, reach out to us for our tax and audit school services. We will gladly assist.