Whitfield & Associates | 501c3 Applications | Sample Form 1023 Narrative | Church CPA
Whitfield & Associates | 501c3 Applications | Sample Form 1023 Narrative | Church CPA

Category: CHURCH FINANCE TIPS

2014 Mileage Reimbursement Rate

BELINDA WHITFIELD   |   
The Internal Revenue Service issued the 2014 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning on […]

4 Most Important Things That Should Be on Your Contribution Statement

BELINDA WHITFIELD   |   
Is your church or ministry issuing IRS compliant contribution statements?Imagine what would happen if your pastor’s tax return or a member’s tax return was audited and the IRS requested supporting […]
Business Credit Cards

Business Credit Cards

BELINDA WHITFIELD   |   
Does your church or ministry use a business credit card? If you’re the bookkeeper and your ministry is using a debit card or credit card, I know you have your […]
How much ministerial debt is too much debt?

How much ministerial debt is too much debt?

BELINDA WHITFIELD   |   
Lenders use a formula called the Debt Coverage Ratio to determine whether a ministry’s debt is reasonable or too high.  The Debt Coverage Ratio compares the borrower’s annual net income […]
Don’t throw away your bank and credit card statements.

Don’t throw away your bank and credit card statements.

BELINDA WHITFIELD   |   
OMG! I’ve seen this one too many times. Here’s the scenario.  The pastor or other board member receives all the monthly bank statements and credit card statements.  They look over […]
Remember to keep personal finances

Remember to keep personal finances

BELINDA WHITFIELD   |   
Remember to keep personal finances separate from the church/ministry. Otherwise it will catch up with you some day.
Did your church/ministry board…

Did your church/ministry board…

BELINDA WHITFIELD   |   
Did your church/ministry board approve your last pay raise? Or those paychecks you’ve been writing to yourself? Uh Oh!
Whitfield & Associates | 501c3 Applications | Sample Form 1023 Narrative | Church CPA
We help churches and non-profits get organized, get in compliance and get control of their finances.
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Whitfield & Associates LLC
550 E Boughton Rd. Ste 225
Bolingbrook, IL 60440
Copyright: Whitfield & Associates LLC 2021
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