CHURCHES AND MINISTRIES: Take Advantage of Our 16 Point Onsite Compliance Review - Save $750!. Over 40 years of serving ministries and churches with their tax, compilation, and bookkeeping needs. Terry and his staff KNOW the unique needs of this type of client. Their work with ministries and churches are very minimal and they are reluctant to serve this type of client.
Terry and his staff are usually available when you need them or they get right back to you within a 24 hour period. Are not available when you need them. If they return your call, prepare for it to be several days later with their billable time clock ticking. Works closely with you to manage your cash flow needs especially as it relates to your taxes - he works to minimize large payments being due at one time.
When they review your taxes with you, they appear as surprised as you are with the large amount of taxes due. They don't prepare you for the cash flow needed to stay on top of your taxes. Bookkeeping is done in a way that alerts the non-profit organization to stay true to its purpose and eligibility.
Terry and his staff are usually available when you need them or they get right back to you within a 24 hour period. Are not available when you need them. If they return your call, prepare for it to be several days later with their billable time clock ticking. Works closely with you to manage your cash flow needs especially as it relates to your taxes - he works to minimize large payments being due at one time.
When they review your taxes with you, they appear as surprised as you are with the large amount of taxes due. They don't prepare you for the cash flow needed to stay on top of your taxes. Bookkeeping is done in a way that alerts the non-profit organization to stay true to its purpose and eligibility.
Services
Terry is the owner and founder of Terry E. Mosley, CPA, Inc.
He is a Certified Public Accountant and holds both an undergraduate degree in Accounting and a Masters Degree in Business Administration.
In 1998, Terry was awarded an honorary Doctor of Humane Letters from Victory California Christian College.
Terry first began working with exempt organizations in 1978 when he joined the staff of a non-profit ministry in Tulsa, OK.
In 1984, he left this organization to start his accounting firm and earned his CPA certificate the following year.
He is a Certified Public Accountant and holds both an undergraduate degree in Accounting and a Masters Degree in Business Administration.
In 1998, Terry was awarded an honorary Doctor of Humane Letters from Victory California Christian College.
Terry first began working with exempt organizations in 1978 when he joined the staff of a non-profit ministry in Tulsa, OK.
In 1984, he left this organization to start his accounting firm and earned his CPA certificate the following year.
Tulsa CPA Terry Mosley and his staff offer bookkeeping services for all kinds of organizations including small businesses, churches and ministries.
The extent of the bookkeeping service varies from client to client.
Most prefer taking all of the transactions and entering them into the accounting system from month to month.
Transactions are carefully evaluated and entered in a way to stay compliant with government regulations affecting that type of entity then financial statements are prepared and presented to the client.
The extent of the bookkeeping service varies from client to client.
Most prefer taking all of the transactions and entering them into the accounting system from month to month.
Transactions are carefully evaluated and entered in a way to stay compliant with government regulations affecting that type of entity then financial statements are prepared and presented to the client.
What is a compilation and why do so many clients request Tulsa CPA Terry Mosley to prepare these financial statements for them?
Banks, regulatory and accountability boards sometimes requires certain entities to have a Compilation or Review of their financial statements.
Both Compilations and Reviews are the process of an "outsider" CPA gathering the financial information and producing financial statements.
With a compilation, the outside accountant does not perform an audit or conduct detailed review processes to provide assurances or an opinion on the financial statements; (omit-that the numbers can be relied upon) however, having an experienced, independent accountant such as Tulsa CPA Terry Mosley to compile the financial statements with footnotes (omit-provides) lets the banks and accountability groups know that the financial statements were prepared by a professional who is independent of the organization.
Banks, regulatory and accountability boards sometimes requires certain entities to have a Compilation or Review of their financial statements.
Both Compilations and Reviews are the process of an "outsider" CPA gathering the financial information and producing financial statements.
With a compilation, the outside accountant does not perform an audit or conduct detailed review processes to provide assurances or an opinion on the financial statements; (omit-that the numbers can be relied upon) however, having an experienced, independent accountant such as Tulsa CPA Terry Mosley to compile the financial statements with footnotes (omit-provides) lets the banks and accountability groups know that the financial statements were prepared by a professional who is independent of the organization.
A1: It is important to file tax returns for every year that you have a filing requirement to avoid paying late filing penalties and interest.
Some mistakenly believe that the IRS can only require you to file up to three years of delinquent returns.
However, there is no expiration period for unfiled returns.
There is a 3-year statute of limitations during which the IRS can make changes on a return which starts on the due date of the return or whenever it is filed, whichever is later.
Tulsa CPA Terry Mosley can file returns for all prior years for you as well as arrange for an installment agreement or an offer in compromise if your tax liability is more than you can afford to pay.
Some mistakenly believe that the IRS can only require you to file up to three years of delinquent returns.
However, there is no expiration period for unfiled returns.
There is a 3-year statute of limitations during which the IRS can make changes on a return which starts on the due date of the return or whenever it is filed, whichever is later.
Tulsa CPA Terry Mosley can file returns for all prior years for you as well as arrange for an installment agreement or an offer in compromise if your tax liability is more than you can afford to pay.
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