Belinda Whitfield, CPA a few quick tips for keeping track of non-profit expenses for new ministries. Video Transcript: Tracking Financial Transactions for New Ministries Okay. As you’re working through this […]
Video Transcript Is Benevolence Taxable Income? Hi, I’m Belinda Whitfield, and today is open Q&A day. I will tell you this is one question that comes up quite often, when […]
Updated 10/15/19 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. […]
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 […]
Find out whether there are any housing related tax breaks available to a minister that doesn’t receive a housing allowance. Video Transcript: Hi, Belinda Whitfield and today is open Q&A day […]
Video Transcript Hi, I’m Belinda Whitfield and today is Open Q and A Day. Today I’m taking a questions from my inbox. My writer writes: “Hi, Belinda. Our company has […]
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 […]
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 control measures are to safeguard […]
That’s right, many organizations will get their 501c3 status revoked by the IRS with an effective date of 5/15.Why? Because they did not file a 990 return for three consecutive […]
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 carried out by the ushers. […]
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