Public Sector
Bringing accounting solutions to public sector clients has been a primary specialty of Witt Mares for over 20 years. This specialized area of accounting services represents 35% of the firm's audit services.
The abundance of clients in this area in need of specialized services prompted the firm to develop the Public Sector Team, a dedicated group of seasoned professionals who provide services specifically geared to meeting the needs of not-for-profits and governmental entities. Team members understand that each entity is unique, with its own culture, circumstances and mission; therefore, services are tailored to meet each organization's needs.
Serving public sector clients is a vital part of our Firm's past, present and future. We bring structure to the spiraling demands placed upon the public sector, so that you can do what you do best – serve your community and constituents.
Procedures
In today's economy, public sector organizations must operate and think more like a for-profit business to fulfill their mission and to survive the shifting paradigms of funding and governmental regulations. At Witt Mares, we bring for-profit philosophies to public sector organizations to help organizations focus on opportunities to:
- improve efficiencies
- maximize revenue
- increase their credibility
- meet their stewardship responsibilities
- position themselves to anticipate and capitalize on opportunities to come
Services
It takes a dedicated company to focus on understanding the complexities of serving government and non-profit clients. Witt Mares, PLC offers a complete package of services, an impressive combination of resources, experience, and commitment to serve the needs of governmental and not-for-profit entities.
Witt Mares goes above and beyond the traditional accounting and tax services by providing our clients with the following services:
- Accounting and Auditing (Risk-based Approach)
- Tax Services
- Advisory Services
Issues & Perspectives
Issue At A Glance: Penalty Excise Tax Increase For Tax Exempt Organizations
Under the Pension Protection act of 2006, the penalty for "excess benefit transactions" has been increased from $10,000 per occurrence to $20,000. The penalty will affect all 501(c)(3) and 501(c)(4) organizations. More...
Issue At A Glance: Corporate Governance For Not-For-Profit Organizations
The House of Representatives finished its first 100 hours. There was a flurry of activity and a number of bills were passed. The change in the control of Congress may affect a number of issues facing non profit organizations including the drive to place accounting restrictions on these entities. More...
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Team Members
- Brian Windley, CPA, Team Leader
- Lee Sullivan, CPA
Useful Links
- Board Source
- The Chronicle of Philanthropy
- USA.gov
- GuideStar
- National Center for Charitable Statistics
- The NonProfit Times
Clients
Taking care of public sector organizations is a business we know well, through experience, ongoing education, and a commitment to serve the community. Our firm's partners serve on the board of directors of not-for-profit organizations and participate in charitable activities such as community fundraisers.
- Foundations
- Voluntary health and welfare agencies
- Museums
- Performing arts organizations
- Other non-profit organizations
- Local governments and authorities
At Witt Mares, we bring for-profit philosophies to public sector organizations.
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