hdr industries

Governmental

The professionals at Byrd, Smalley & Adams, P.C. help governmental entities keep up with the rapidly changing political and economic environment.  Our staff have a deep understanding of the reporting requirements government agencies face and can help with managing finances, improving operations, and meeting compliance standards. To better serve our clients, Byrd, Smalley & Adams, P.C is a member of the American Institute of CPAs Governmental Audit Quality Center.

We have worked with numerous municipalities, counties, and school districts over the years to help them manage their bottom line and meet the ever-changing needs of their constituents more efficiently and effectively.

We apply various strategies and business consulting services tailored to your specific needs including:

  • Governmental audits in accordance with OMB Circular A-133 and Government Audit Standards (Yellow-Book)
  • Fraud prevention and internal controls
  • Governmental accounting
  • Compliance requirements related to grants and cooperative agreements
  • General accounting, budget, and reconciliation assistance
  • Operational policies and procedures assessment
  • Financial statement compilation and preparation for non-attest clients

Not-For-Profit

We understand the unique set of challenges facing not-for-profit clients. At Byrd, Smalley & Adams, P.C. we understand the dedication and commitment it takes to effectively and efficiently operate a not-for-profit organization. Our team of experts is here to guide you through the complex regulations and tax laws that govern not-for-profit organizations.

Our staff have many years’ experience helping not-for-profit clients, including organizations, foundations, and religious organizations. We’ve assisted them with routine items like accounting for fundraising to more complex issues like preparing for and responding to regulatory audits and inquiries. We’ve also partnered with internal board members or an organization’s counsel to help clarify and/or alleviate financial questions or matters.

Not only have we served hundreds of not-for-profit entities to date, many of our associates currently serve on boards of philanthropic organizations, volunteer in the community, and raise funds benefitting numerous tax-exempt organizations throughout the region.

We can meet the needs of our not-for-profit client needs by providing the following services:

  • Financial audits and reviews
  • Financial statement compilation and preparation for non-attest clients
  • Form 990 preparation
  • Unrelated Business Income Tax (UBIT) and excise tax planning
  • Fraud prevention and internal controls
  • Compliance requirements related to grants and cooperative agreements
  • General accounting, budget, and reconciliation assistance
  • Operational policies and procedures assessment
  • Board of Directors training

facebook

237 Johnston Street SE | PO Box 2179 (35602) | Decatur, AL 35601 | 256-353-1611