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Company Report

In: Business and Management

Submitted By linhntle
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COMPANY REPORT
SOMMERVILLE & ASSOCIATES, P.C

A common myth about nonprofit industry is that nonprofit is similar to “charitable.” This summer, I am interning with an accounting firm focused on the nonprofit industry so I had an opportunity to break the myth about the industry and see a new career direction. The company I am interning with this summer is Sommerville & Associates, P.C in Arlington, Texas. The company assists individuals and nonprofits with their tax and compliance relative needs. I. Company background:
Sommervile & Associates, P.C was incorporated in 2002 under the name Ratliff & Sommerville, P.C. The firms split in 2009 into Sommerville & Associates, P.C doing tax practice and Ratliff & Associates, P.C doing financial statement practice.
The firm’s operating philosophy is that highly trained professionals work directly with clients to bring immediate impact to the issues. The firm endeavors specifically to train staff to be knowledgeable in areas of our practice involving our nonprofit clientele. It is with intentional thought and intent that the firm has specifically chosen to focus our practice in this particular area in order to provide the highest level of service to the clients. The tax team prepares Forms 990 which is one of an organization’s most powerful public relations tools. Therefore, it must be prepared in a manner that has a positive impact on all other readers and users of the Form 990. Additionally, the Form 990 provides the platform necessary to review an organization’s operations for compliance with certain federal and states rules and regulations. All Forms 990 are reviewed by Elaine Sommerville prior to issuance to the client in addition to being prepared and reviewed by other members of our team of seasoned preparers. The firm strongly believes in educating those who work with and for tax exempt…...

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