Tracking Financial Transactions for New Ministries

Belinda Whitfield, Certfied Public Accountant | INTERNAL CONTROLS VIDEOS

TRACKING FINANCIAL TRANSACTIONS FOR NEW MINISTRIES Video Transcript: As you’re working through this 501C3 process or process of starting a nonprofit organization, one of the things you want to think […]

[Q & A] Is Benevolence Taxable Income?

Belinda Whitfield, Certfied Public Accountant | OPEN Q&A VIDEOS

Video Transcript Is Benevolence Taxable Income? I will tell you this is one question that comes up quite often, when it comes time to doing 1099 reporting. Someone will ask […]

Payroll Tax Deposit Due Dates

Belinda Whitfield, Certfied Public Accountant | TAX REPORTING TAX DEADLINES

Updated 8/22/22 If your church or ministry has employees, you are required to withhold payroll taxes and make payroll tax deposits on a regular basis. Most organizations are monthly depositors. […]

Managing Church Finances: Altar Offerings

Belinda Whitfield, Certfied Public Accountant | INTERNAL CONTROLS

Let’s now turn our attention to the systems of internal control that would be need when dealing with money placed at the altar. This usually occurs when the church hosts […]

[Q & A] Tax Breaks for Ministers With No Housing Allowance?

Belinda Whitfield, Certfied Public Accountant | OPEN Q&A VIDEOS

Are there are any housing related tax breaks available to a minister that doesn’t receive a housing allowance? Video Transcript: TAX BREAKS FOR PASTORS WITH NO HOUSING ALLOWANCE {Q} Currently, […]

[Q & A] How to Report PayPal Transactions on Your Books

Belinda Whitfield, Certfied Public Accountant | OPEN Q&A VIDEOS

Video Transcript HOW TO REPORT PAYPAL TRANSACTIONS ON YOUR BOOKS Today is Q and A Day, and I’m taking a questions from my inbox. My writer writes: “Hi, Belinda. Our […]

Managing Church Finances: Collecting Offerings for Guest Speakers

Belinda Whitfield, Certfied Public Accountant | INTERNAL CONTROLS

The church should do everything in its power to safeguard its reputation by putting measures in place to prevent any appearance of impropriety. These controls will also serve to preserve […]

Managing Church Finances: Counting Offerings

Belinda Whitfield, Certfied Public Accountant | INTERNAL CONTROLS

MANAGING CHURCH FINANCES: COUNTING OFFERINGS Internal controls need to be in place for managing the collection, counting offerings for worship services and Sunday School. Do remember that these procedures or […]

On 5/15 Thousands of Non-Profits Will Lose Their 501c3 Status

Belinda Whitfield, Certfied Public Accountant | TAX DEADLINES

ON 5/15 THOUSANDS OF NON-PROFIITS WILL LOSE THEIR 501C3 STATUS That’s right, many organizations will get their 501c3 status revoked by the IRS with an effective date of 5/15.Why? Because […]

Managing Church Finances: Collecting Offerings

Belinda Whitfield, Certfied Public Accountant | INTERNAL CONTROLS

MANAGING CHURCH FINANCES: COLLECTING OFFERINGS We are on to another area of systems of internal controls for managing church finances. Let’s focus now on the collecting offerings. This function is […]

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Tracking Financial Transactions for New Ministries

[Q & A] Is Benevolence Taxable Income?

Payroll Tax Deposit Due Dates

Managing Church Finances: Altar Offerings

[Q & A] Tax Breaks for Ministers With No Housing Allowance?

[Q & A] How to Report PayPal Transactions on Your Books

Managing Church Finances: Collecting Offerings for Guest Speakers

Managing Church Finances: Counting Offerings

On 5/15 Thousands of Non-Profits Will Lose Their 501c3 Status

Managing Church Finances: Collecting Offerings