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 […]
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 […]
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. […]
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 […]
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, […]
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 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 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-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 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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