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Sherri Rose, CPA, PLLC
8732 Union Grove Church Rd
Chapel Hill, NC 27516
Our firm provides audit services and tax preparation services for a wide variety of clients. We offer:
Tax return filing and tax planning for individuals, closely held business, nonprofits, and corporations
Audits, Compilations and Reviews including HUD audits and nonprofit auditor
Our goal is to provide quality services on a timely basis. Contact us to discuss the services you desire from our firm.
Areas of Practice
Audit and Review
Chapel Hill, NC CPA firm serving NC and VA. Offering services in Audit and Taxation. With Sherri Rose, CPA, PLLC, you get the service you expect from a local firm.
We provide audit and attestation services to nonprofits, HUD and closely held businesses, individual tax preparation, corporate tax preparation, non-profit tax reporting (annual 990).
We work with business owners to understand the unique elements of your business and provide the level of service you desire from your CPA. Contact us to discuss your tax or audit needs.
News & Publications
How much does a nonprofit audit cost?
Audits are expensive. They are the highest level of assurance; therefore, require the most work. The fee quoted will depend on several factors:
How many different sources of funding does the organization have?
How complicated is the balance sheet?
Number of mortgages or loans
Accounting for Non-Cash Contributions
Contributions can be made to a nonprofit in either cash or property. Non-cash contributions can be tangible or intangible. Tangible property could be vehicle donations, household items, land and buildings, etc. Intangible property could be stocks, bonds, copyrights, leased space, etc. Like cash, these items are recorded as contribution revenue when received. The amount and classification of the contributions are based on the item received.
Generally revenue is recorded at the time the contribution or pledge is received.