Nonprofit Financial Services

What Nonprofit Financial Services does

Nonprofit Financial Services Corporation (NFS) is a 501(c)(3) tax-exempt nonprofit founded in 2016 and headquartered in San Antonio, Texas, with additional offices in San Antonio and the Dallas-Fort Worth metro. The organization delivers a full-service tax practice (NFS Tax) to small businesses and individuals, including individual returns (Form 1040), business returns (Forms 1065/1120/1120-S), tax planning, tax resolution, and ITIN application assistance under its IRS Designated Certifying Acceptance Agent credential. Beyond tax, NFS bundles business formation (Business Starts Here), registered agent, franchise and sales tax filings, payroll, and Texas Workforce Commission reporting into a Texas-focused compliance offering, and layers on accounting through Squarebooks LLC-powered NFS | Advantage Accounting, which applies Active Tax Management™ and Cash Flow Analysis built on Profit First principles. A separate subsidiary, NFS Global, Inc., positions the firm as a strategic knowledge partner providing thought leadership, and the nonprofit mission is reinforced by free financial education workshops, free notary services, and the NFS Achieve Scholarship Program.

The technology stack is partner-led rather than built in-house: core accounting and cash-flow analysis are delivered through Squarebooks LLC; enterprise security is provided by Maslow under the Security-First™ Framework (encryption, MFA, real-time threat detection, ISO 27001 alignment, and US-only data handling); digital distribution runs through the ClientCONNECT portal, Digital Drop-off, and online appointment booking. Revenue is generated primarily through professional-services fees: tax preparation starts at $279 for individuals and $579 for businesses (effective 03/01/2026), a $79 appointment deposit is credited toward the final fee, accounting is custom-priced monthly, and scholarships/workshops are free and donation-funded. Distribution is hybrid, combining walk-in and appointment-based physical offices, inside sales via the digital portal, and community-led growth through financial education workshops and referral networks, with brand credibility anchored by Top 3% IRS e-File provider status, Intuit Top 400 recognition, AICPA Affiliate membership, and #1 rated tax service in San Antonio since 2017.

Name

Nonprofit Financial Services

Legal name

Nonprofit Financial Services Corporation

Website

https://nfscorp.org

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

11–50 employees

Short description

Nonprofit Financial Services is a 501(c)(3) nonprofit providing tax preparation, business formation, accounting, and financial education to small businesses and individuals across Texas, with IRS Certified Acceptance Agent status and a Top 3% national e-File ranking.

Ownership category

akta.pro rank

Product category

Tax Preparation & Accounting Services

NAICS

Offices of Certified Public Accountants (541211), Grantmaking and Giving Services (81321)

akta.pro primary industry

Corporate Foundations & CSR Grantmaking (BPAGAKAC)

akta.pro secondary industry

Tax & Financial Document Preparation Organization (Non-Advisory) (HSAFAEAG)

Keywords

• Tax preparation services
• Small business accounting
• Tax strategy advisory
• Business formation services
• Financial education workshops

Headquarters

HQ city

San Antonio

HQ country

United States

HQ region

North America

Offices6 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Tax Preparation and Filing Services: NFS provides individual and business tax preparation services, charging fees based on the complexity of the return and forms generated. Individual income tax returns (Form 1040) start at $279, and business returns (Forms 1065/1120/1120-S) start at $579. Fees are scoped per return with an appointment deposit of $79 credited toward final service.
2. Business Formation and Compliance Services: NFS offers business formation, registered agent services, franchise tax filings, sales tax filings, payroll services, and Texas Workforce Commission reporting for Texas small businesses, generating revenue through service fees per transaction.
3. Accounting and Bookkeeping Services: NFS | Advantage Accounting, delivered through Squarebooks LLC, provides full-service accounting with intelligent reporting. Pricing is custom per client based on business complexity and accounting plan selected.
4. Tax Strategy Advisory: High-level strategic tax advisory services integrated with ongoing tax planning, including entity selection, retirement plan implementation, Roth conversions, tax-loss harvesting, and charitable giving strategies. Provided as part of the broader tax engagement.
5. Scholarship Program: NFS administers scholarship grants to high school students demonstrating entrepreneurial spirit, awarding $500, $1,000, and $3,000 scholarships through the NFS Achieve Scholarship Program, funded by donations.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels6 records

Core offering

Nonprofit Financial Services provides tax preparation and strategy services for individuals and small businesses, full-service accounting delivered through Squarebooks LLC using Active Tax Management™ and Profit First principles, Texas business formation and compliance services (Business Starts Here), ITIN application assistance as an IRS Certifying Acceptance Agent, and free community financial education workshops. The organization operates as a 501(c)(3) nonprofit focused on economic development through small business support.

Product overview

Nonprofit Financial Services operates as a multi-service financial organization offering tax preparation, business services, and financial education. The core product is NFS Tax, a full-service tax preparation and strategy service. Key sub-products and services include Squarebooks (intelligent accounting), Business Starts Here (Texas business formation), Digital Drop-off (online tax filing), and Business Services (compliance and payroll). The company also provides educational programs through NFS Global (thought leadership) and community support via the NFS Achieve Scholarship Program and free notary services.

Differentiator

Problem solved

Functional benefit

Brands

• Squarebooks: Intelligent accounting services provided through Squarebooks LLC, offering Active Tax Management and Cash Flow Analysis with Profit First principles for small businesses
• NFS Global
• Business Starts Here

Products and services

• NFS Tax Preparation Services Full-service individual and business tax preparation, planning, and resolution services for Texas small businesses, entrepreneurs, and individual taxpayers. Recognized as a top U.S. tax firm by Intuit.
• NFS | Advantage Accounting (Squarebooks) Intelligent full-service accounting solution for high-growth Texas small businesses, employing Active Tax Management™ and Cash Flow Analysis with Profit First principles to produce timely financial insights. Delivered through wholly-owned subsidiary Squarebooks LLC with custom pricing per client.
• Business Starts Here™ Texas business formation and registration service for entrepreneurs, providing expedited filing, EIN acquisition, state certificate, registered agent service, and NAICS business code assignment.
• Business Services Bundle Comprehensive Texas business support including business tax planning, franchise tax filings, sales/use tax filings, registered agent service, payroll services, and Texas Workforce Commission reporting for small businesses.
• NFS Global Strategic knowledge partner service providing proprietary research, thought leadership, and business innovation insights through wholly-owned subsidiary NFS Global, Inc.
• Digital Drop-off Tax Filing Remote tax preparation service allowing clients to securely upload tax documents online and meet with advisors by phone or video for fully remote filing across the U.S.

Quantifiable outcome

• Consistently ranked #1 tax service in San Antonio since 2017, based on third-party review rankings.
• +1 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Six partnerships are on record, tiered flagship and core.

• American ExpressflagshipGTM or Marketing PartnerNFS is an American Express® Business Alliance Partner, enabling co-branded offerings and shared credibility for small business services. This partnership is prominently featured across NFS marketing materials and the Business Starts Here™ platform. American Express provides NFS with enhanced brand credibility while NFS delivers financial services to American Express business cardholders.
• MaslowcoreTechnology or IntegrationNFS partnered with Maslow, an enterprise technology firm, to deploy the Security-First™ Framework across the entire organization. Maslow provides advanced security infrastructure including encryption, multi-factor authentication, threat detection, and ISO 27001 alignment, giving NFS enterprise-grade security for client data handling.
• Squarebooks LLCcoreTechnology or IntegrationSquarebooks LLC is the accounting services provider powering NFS | Advantage Accounting. Squarebooks delivers intelligent accounting with Active Tax Management™ and Cash Flow Analysis to NFS clients. This is an embedded service partnership where Squarebooks provides the accounting technology and execution layer.
• Intuit AccountantscoreGTM or Marketing PartnerNFS is recognized as an Intuit Accountants Top 400 U.S. Tax Firm and is listed in Intuit's Accountants Directory. Intuit provides NFS with platform access, software integration, and co-marketing recognition that enhances NFS's credibility as a leading tax firm.
• AICPA (American Institute of Certified Public Accountants)coreGTM or Marketing PartnerNFS is an Affiliate Member of the AICPA. This membership provides NFS with professional credibility, access to AICPA resources, standards, and a recognized professional affiliation that enhances trust among clients and peers.
• Internal Revenue Service (IRS)coreOthersNFS is an IRS Designated Certifying Acceptance Agent for International Tax Identification Numbers (ITIN). This designation authorizes NFS to directly certify W-7 applications on behalf of the IRS, enabling expedited ITIN issuance for clients who cannot easily access IRS offices directly.

Scale indicators5 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• 1-800Accountant: National virtual accounting and tax services firm serving small businesses and individuals with year-round advisory, entity formation, and bookkeeping — a direct online-services analogue to NFS's combined tax and accounting offering.
• H&R Block: Largest U.S. retail tax preparation chain offering individual and small business tax filing across physical offices and DIY software, directly competing with NFS in tax season in San Antonio and Dallas.
• Community Tax: Tax resolution, preparation, and accounting services firm serving individuals and small businesses nationwide, with comparable price points and a similar mix of compliance and advisory services.
• Jackson Hewitt Tax Service: National assisted tax preparation franchise with a strong footprint in Walmart and standalone locations, competing for the same low-to-middle income and small business filers that NFS serves.
• Liberty Tax Service: Franchise-based tax preparation chain offering individual and small business returns at price points directly comparable to NFS's $279/$579 starting fees.
• TaxAct: Affordable DIY and assisted tax preparation platform targeting value-conscious filers and small businesses, competing with NFS on price for the entry-level individual return segment.

Regional players

• Eide Bailly LLP: Top-25 U.S. regional CPA and advisory firm providing tax, audit, and consulting to individuals and businesses, comparable to NFS at a scaled-up regional professional services model.

Emerging players

• Bench: Subscription bookkeeping and tax preparation service for small businesses, combining software with a dedicated bookkeeper — a comparable SMB-focused, technology-assisted model to Squarebooks.
• Pilot: Tech-enabled bookkeeping, tax, and CFO services startup targeting small businesses with subscription-based pricing; competes for the same high-growth SMB segment that NFS | Advantage Accounting / Squarebooks targets.

Broad incumbents

• Intuit TurboTax Live: Intuit's assisted DIY tax product combining TurboTax software with on-demand CPA and EA support; competes with NFS on price and convenience while also serving as a partner platform.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks1 record

Key highlights7 records

Customer concentration

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Nonprofit Financial Services