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Gambling Fund Accounting and Tax Services

Non-profit Gambling Fund Monthly Reporting

We can prepare monthly financial statements for your board of directors and handle the monthly Minnesota Revenue tax return reporting requirement for you.

Each month Minnesota Revenue requires non-profit organizations with gambling fund activities to file the Form G-1 and its schedules, which includes the following items.

  1. Statement of Revenues and Expenses: Contains revenue and expense categories like compensation, gambling equipment, rent and lawful purpose.

  2. Statement of Assets, Liabilities and Fund Balance: Contains specific categories like cash, inventory, accounts payable.

  3. Individual Gambling Site Schedules: Reports all of the revenues and expenses for each gambling site.

  4. Annual Report to the Gambling Control Board: Details the organization's lawful purpose expenditures.

We take care of your books for you, so you can get back to the job of running your business and generating profits.
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We offer payroll solutions that meet your business's needs and enable you to spend time doing what you do best--running your company.
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We're here to help you resolve your tax problems and put an end to the misery that the IRS can put you through.
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We offer one-on-one guidance and a comprehensive financial plan that helps manage risk, improve performance, and ensure the growth and longevity of your wealth.
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© Steven V. Baker, Ltd. 2021