Concord NH Nonprofit Accounting – Lifetime Tax and Accounting

concord nh nonprofit accounting

Running a nonprofit organization is challenging enough without having the burden of handling its financial issues. Budgeting, forecasting, preparing tax returns, litigation, ensuring grant compliance and other tasks can eat up valuable time and limit your organization's abilities. At Lifetime Tax and Accounting, we offer nonprofit accounting services that can be tailored to the needs of organizations large and small. With us at your service, you'll be able to better focus on improving your community.


Our nonprofit accounting services include:

  • On-site and off-site bookkeeping services
  • Preparation of federal, state and local tax returns
  • Asset management
  • Audits, reviews, compilations of financial statements
  • Budgeting, forecasting
  • Preparation of Forms 1099
  • Current and after-the-fact payroll processing, human resource laws compliance
  • Part-time CFO services
  • Automation of accounting functions
  • Assistance with business plans
  • Representation during IRS audits
  • Assistance with debt restructuring
  • Benefits planning
  • Business start-up assistance, incorporation services
  • Assessments of internal efficiency, profitability, internal reserves, cash flow planning
  • Audit of internal controls, fraud investigation and prevention
  • Litigation support
  • Electronic record retention services

Every first-time consultation is free of charge and obligation. We're conveniently located in Concord, NH, and easily reachable from Manchester, NH; Loudon, NH; Pembroke, NH; Bow, NH; Hooksett, NH; Dunbarton, NH; Weare, NH; and all of southern and central New Hampshire. To learn how we can help you, call us today at (603) 230-2404!

Useful Links

Internal Revenue Service – resources for not-for-profit organizations
New Hampshire Department of Justice – Charitable Trust
New Hampshire Center for Non-Profits

 If you are a Non-profit organization with less than $50,000 in revenue annually Click Here to file an e-postcard by the 15th of the 5th month from the end of the Fiscal Year.

Due Dates

Stop advanced payments of earned income credit on January 1 for any employee who did not provide a new Form W-5.
If monthly deposit rule applies, deposit Social Security, Medicare and income tax by the 15th day of the following month.
Give your employees their copies of Form W-2 by February 1. If an employee agreed to receive Form W-2 electronically, post it on a website accessible to the employee and notify the employee of the posting by February 1.
Payers of Gambling Winnings - If you either paid reportable gambling winnings or withheld income tax from gambling winnings, give the winners their copies of From W-2G byFebruary 1.
Federal unemployment tax. File Form 940 for previous year by February 1. If your undeposited tax is $500 or less, you can either pay it with your return or deposit it. If it is more than $500, you must deposit it. However, if you already deposited the tax for the year in full and on time, you have until February 10 to file the return.
Social security, Medicare, and withheld income tax. File Form 941 for the fourth quarter of last year by February 1. Deposit any undeposited tax. (If your tax liability is less than $2,500, you can pay it in full with a timely filed return.) If you deposited the tax for the quarter in full and on time, you have until February 10 to file the return.
Certain Small Employers - File Form 944 to report social security and Medicare taxes and withheld income tax by February 1. Deposit or pay any undeposited tax under the accuracy of deposit rules. If your tax liability is $2,500 or more from last year but less than $2,500 for the fourth quarter, deposit any undeposited tax or pay it in full with a timely filed return. If you deposited the tax for the quarter in full and on time, you have until February 10 to file the return.
Nonpayroll taxes. File Form 945 to report income tax withheld for the previous year on all non-payroll items, including backup withholding and withholding on pensions, annuities, IRAs, gambling winnings, and payments of Indian gaming profits to tribal members by February 1. Deposit any undeposited tax. (If your tax liability is less than $2,500, you can pay it in full with a timely filed return.) If you deposited the tax for the year in full and on time, you have until February 10 to file the return.
Annual information statements Form 1099 are due to recipients by February 1.
Farm Employers - File Form 943 to report social security and Medicare taxes and withheld income tax for the previous year by February 10. This due date applies only if you deposited the tax for the year in full and on time.
On Februaty 16 employers begin withholding income tax from the pay of any employee who claimed exemption from withholding in the previous year, but did not give you a new Form W-4 to continue the exemption this year.
Corporate tax returns Form 1120 and Form 1120S for calendar year filers are due by March 15.
On April 15 the following forms are due:
Partnerships - File a calendar year return (Form 1065). Provide each partner with a copy of Schedule K-1 (Form 1065), Partner's Share of Income, Credits, Deductions, etc., or a substitute Schedule K-1. If you want an automatic 6-month extension of time to file the return and provide Schedule K-1 or a substitute Schedule K-1, file Form 7004. Then file Form 1065 by September 15.
Electing Large Partnerships - File a calendar year return (Form 1065-B). If you want an automatic 6-month extension of time to file the return, file Form 7004. Then file Form 1065-B by October 15. See March 15 for the due date for furnishing the Schedules K-1 to the partners.
Corporations, Partnerships, S Corporations - Quarterly installment of estimated income tax for the current year are due on April 15, June 15, September 15, December 15.
Employers - File Quarterly Forms 941 by April 30, July 31, October 31, January 31. Deposit any undeposited tax.
Employers with employee benefit plans on calendar basis - file Form 5500 or Form 5500-EZ by July 31.
Corporations - File Form 1120 by September 15 if granted additional 6-months extension.
Partnerships and LLCs - File Form 1065 by September 15, if granted additional 5 months extension. Provide each partner with a copy of K-1 or substitute Form K-1.
S Corporations - File Form 1120S by September 15 if granted additional 6 months extension. Provide each shareholder with a copy of Form K-1 or a substitute Form K-1.
Electing Large Partnerships - File Form 1065-B by October 15 if granted additional 6 months extension. Distribute Forms K-1 to partners.

Stop advanced payments of earned income credit on January 1 for any employee who did not provide a new Form W-5. 

If monthly deposit rule applies, deposit Social Security, Medicare and income tax by the 15th day of the following month. 

Give your employees their copies of Form W-2 by February 1. If an employee agreed to receive Form W-2 electronically, post it on a website accessible to the employee and notify the employee of the posting by February 1. 

Payers of Gambling Winnings - If you either paid reportable gambling winnings or withheld income tax from gambling winnings, give the winners their copies of From W-2G by February 1.

Federal unemployment tax. File Form 940 for previous year by February 1. If your undeposited tax is $500 or less, you can either pay it with your return or deposit it. If it is more than $500, you must deposit it. However, if you already deposited the tax for the year in full and on time, you have until February 10 to file the return. 

Social security, Medicare, and withheld income tax. File Form 941 for the fourth quarter of last year by February 1. Deposit any undeposited tax. (If your tax liability is less than $2,500, you can pay it in full with a timely filed return.) If you deposited the tax for the quarter in full and on time, you have until February 10 to file the return. 

Certain Small Employers - File Form 944 to report social security and Medicare taxes and withheld income tax by February 1. Deposit or pay any undeposited tax under the accuracy of deposit rules. If your tax liability is $2,500 or more from last year but less than $2,500 for the fourth quarter, deposit any undeposited tax or pay it in full with a timely filed return. If you deposited the tax for the quarter in full and on time, you have until February 10 to file the return. 

Nonpayroll taxes. File Form 945 to report income tax withheld for the previous year on all non-payroll items, including backup withholding and withholding on pensions, annuities, IRAs, gambling winnings, and payments of Indian gaming profits to tribal members by February 1. Deposit any undeposited tax. (If your tax liability is less than $2,500, you can pay it in full with a timely filed return.) If you deposited the tax for the year in full and on time, you have until February 10 to file the return. 

Annual information statements Form 1099 are due to recipients by February 1. 

Farm Employers - File Form 943 to report social security and Medicare taxes and withheld income tax for the previous year by February 10. This due date applies only if you deposited the tax for the year in full and on time. 

On Februaty 16 employers begin withholding income tax from the pay of any employee who claimed exemption from withholding in the previous year, but did not give you a new Form W-4 to continue the exemption this year. 

Corporate tax returns Form 1120 and Form 1120S for calendar year filers are due by March 15. 

On April 15 the following forms are due:
Partnerships - File a calendar year return (Form 1065). Provide each partner with a copy of Schedule K-1 (Form 1065), Partner's Share of Income, Credits, Deductions, etc., or a substitute Schedule K-1. If you want an automatic 6-month extension of time to file the return and provide Schedule K-1 or a substitute Schedule K-1, file Form 7004. Then file Form 1065 by September 15.
Electing Large Partnerships - File a calendar year return (Form 1065-B). If you want an automatic 6-month extension of time to file the return, file Form 7004. Then file Form 1065-B by October 15. See March 15 for the due date for furnishing the Schedules K-1 to the partners. 

Corporations, Partnerships, S Corporations - Quarterly installment of estimated income tax for the current year are due on April 15, June 15, September 15, December 15. 

Employers - File Quarterly Forms 941 by April 30, July 31, October 31, January 31. Deposit any undeposited tax. 

Employers with employee benefit plans on calendar basis - file Form 5500 or Form 5500-EZ by July 31. 

Corporations - File Form 1120 by September 15 if granted additional 6-months extension. 

Partnerships and LLCs - File Form 1065 by September 15, if granted additional 5 months extension. Provide each partner with a copy of K-1 or substitute Form K-1. 

S Corporations - File Form 1120S by September 15 if granted additional 6 months extension. Provide each shareholder with a copy of Form K-1 or a substitute Form K-1. 

Electing Large Partnerships - File Form 1065-B by October 15 if granted additional 6 months extension. Distribute Forms K-1 to partners.