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More Services

Since 1967, Shidell Mair & Richardson PLLP has been helping clients in Minnesota and surrounding states grow their businesses;

growing with our clients for more than 25 years.

 

Not-for-Profit

At Shidell Mair & Richardson PLLP, we've been helping not-for-profit organizations like yours save more of their revenue for its intended purpose. For over 30 years, we've been working with voluntary health and welfare organizations, plus a wide variety of civic and community groups.

  • Educational

  • Athletic

  • Fraternal

  • Cultural

  • Performing arts

  • Professional associations

  • Social and country clubs

  • Trade associations

  • Political action committees

  • Service organizations and clubs

 

The key to maximizing your resources is our knowledge and skill in regard to functional expense allocation. Because we know the law inside and out, and stay on top of each new development, no one can do more for you than Shidell Mair & Richardson PLLP in this critical area. We can also ensure that you stay in compliance with state and federal regulations, as well as meet your fiduciary responsibilities.

Other consulting specialties include:

  • Joint cost accounting

  • Governance

  • Internal accounting controls

  • Contribution policies

  • Planned giving structure and accounting systems

  • Tax issues including exempt status and unrelated business income

Of course, we offer efficient and effective accounting services specific to your not-for-profit operations:

  • Audits including, if applicable, lawful gambling operations

  • Compilations and Reviews - monthly, quarterly and annually

  • Preparation of annual tax returns, including Federal Forms 990 and 990T and state filings with the Attorney General, Secretary of State and Department of Revenue

  • Consulting regarding the unique tax issues facing not-for-profit organizations

  • Application for tax-exempt status

  • Representation before the IRS and other regulatory agencies

 

Each year, the Shidell Mair & Richardson PLLP partners and staff devote a significant portion of continuing education agenda to attending courses on not-for-profit subjects. And, at least once a year, we conduct an in-house, not-for-profit seminar. Our partners and staff also teach not-for-profit courses, seminars and conferences, and, because of our specialized knowledge of the subject, have participated in studies and focus groups dealing with the concerns of the not-for-profit community.

In addition, our partners and staff are actively involved in the Minnesota Society of CPA committees dealing with not-for-profit organizations, and maintain ongoing relationships with a number of organizations involved in the industry.

These include Charities Review Council, University of St. Thomas Center for Nonprofit Management, Minnesota Lawful Gambling Control Board, Attorney General's Office, Minnesota Department of Revenue and the Internal Revenue Service.

 

Lawful Gambling

No other accounting firm in Minnesota offers you more expertise in accounting, auditing and management for lawful gambling … expertise that can ensure the prosperity of your fundraising efforts.

We have been in it from the beginning. As advisors to the Minnesota State Gambling Control Board, State legislative committees and Department of Revenue, we know the rules inside and out.

 

Since our involvement on day one, we've completed over 30 audits per year. We even helped draft the audit standards, so we know exactly what you need to do, and when, in order to comply with all regulations. At Shidell Mair & Richardson PLLP, we even teach auditing to other accountants.

 

Our experience will help reduce the time you spend on the auditing process. We know the business and never take up your time with unnecessary questions. The working relationship we've established with both the Department of Revenue and the Gambling Control Board also helps us be more effective for you.

 

We offer you better control of both your games and financial situation.

We utilize specialized software for preparing B schedules, give you computerized inventory control and provide analysis of closed games. Our accurate monthly accounting and reporting services, along with independent professional analysis each month, help give you time to manage.

 

We accurately prepare your monthly gambling tax returns from our general ledger program, which is integrated with our patented game control system. Your profit carry-over is always in balance when you use Shidell Mair & Richardson PLLP for your monthly accounting.

 

We know what is happening in the industry and have the data to prove it… data, which can help you select the best pull-tab games to play. Here is the type of information we can make work for you:

 

Closed game report - analysis that allows you to compare the profitability of available pull-tab games.  

 

Current hot games - list of pull-tab games actually played in the last two months, which made the highest profit per game.

 

Pull-tab profitability report - provides information to assist you in buying the best games.

 

Making a profit for your cause is what it's all about. Maximizing that profit is what we're all about. Find out exactly how we can do it for you by calling 651-482-1698.

 

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