Asset Protection Accounting
Legal problems are often rooted in financial problems. Therefore, in our view, proper accounting is a first line of defense to protecting an organization’s exempt status and its directors and officers from personal liability.
With an organization’s legal viability so inextricably linked to its financial management, Old Colony Law offers accounting services to help organizations prevent legal problems from happening in the first place.
Nonprofit Accounting and Consulting Services
As a Massachusetts Asset Protection firm, we perform accounting and consulting services to augment our legal services and to streamline service to our clients.
Outsourced CFO and Controller
With customized accounting and financial oversight services, we help organizations prepare reports and for financial statement audits; investigate errors and financial misconduct; navigate compliance with accounting standards and government regulation; design internal controls systems and business processes; provide general operations support; reconcile accounts; and ensure GAAP standards are met.
Financial Investigations
We help organizations to detect, investigate and prevent fraudulent conduct. In addition, organizations may be able to benefit from an internal controls analysis to help identify procedural weaknesses and develop processes to deter and detect fraud.
Campaign Finance Compliance and Political Accounting
Many organizations wish to influence elections or legislation. Whether such activity is conducted directly by the organization, through a political action committee, or with other partners, we help ensure that it is conducted in compliance with federal, state and local campaign finance rules.
Asset Protection for Nonprofit Directors and Officers
In addition to safeguarding the assets of their organization, directors and officers should consider their own personal asset protection. At our core, Old Colony Law is an asset protection law firm, and we focus heavily on estate planning, with emphasis on estate tax minimization and protecting children’s inheritances. For more information, please visit our main site at OldColonyLaw.com.
Ben Palkowski, Attorney, CPA
Old Colony Law attorney Ben Palkowski, who is also a Massachusetts Certified Public Accountant, has spent over 20 years working with nonprofit, political, trade and social welfare organizations, helping them to navigate financial and regulatory compliance issues.
Prior to working at Old Colony Law, Ben worked as a lobbyist for professional trade associations in the health care, financial and insurance industries, and in the organized labor community. He has also worked for political organizations and counseled nonprofits through financially tumultuous times and periods of transition.
Get Started
To start a conversation, learn more about our capabilities or tell us about your situation, please consider scheduling a complementary 10-minute phone call.
Contact Old Colony Law
Western Mass (main office)
245 Russell Street, Suite 14, Hadley
(Hadley Park Plaza)
413 387 0080
North Shore (satellite office)
110 Haverhill Road, Bldc C, Suite 239, Amesbury
(Boston North Technology Park)
978 519 0370
PO Box 772, Hadley, MA 01035