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Church and Non-Profit Start-up and Finance Tips

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Tracking Financial Transactions for New Ministries

BELINDA WHITFIELD   |   
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?

[Q & A] Is Benevolence Taxable Income?

BELINDA WHITFIELD   |   
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

Payroll Tax Deposit Due Dates

BELINDA WHITFIELD   |   
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

Managing Church Finances: Altar Offerings

BELINDA WHITFIELD   |   
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?

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

BELINDA WHITFIELD   |   
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

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

BELINDA WHITFIELD   |   
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

Managing Church Finances: Collecting Offerings for Guest Speakers

BELINDA WHITFIELD   |   
MANAGING CHRUCH FINANCES: COLLECTING OFFERINGS FOR GUEST SPEAKERS The church should do everything in its power to safeguard its reputation by putting measures in place to prevent any appearance of […]

Managing Church Finances: Counting Offerings

BELINDA WHITFIELD   |   
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   |   
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   |   
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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