After struggling with the emotional and financial impacts of an international pandemic for over a year, churches and nonprofits are turning their attention to the Employee Retention Credit (ERC) for additional help and support. The Employee Retention Credit, under the CARES Act, encourages businesses to keep employees on their payroll by providing a tax credit […]
Read More >
A long-time church lending expert talks about how churches navigated COVID-era financing challenges — and the lessons they’ll carry forward. Tell me about WatersEdge and your history with the company. Jerry Vaughan: WatersEdge Ministry Services (formerly The Baptist Foundation of Oklahoma) has been making loans to churches since 1953. Personally, I’ve been here almost 21 […]
Read More >
One of the most challenging aspects of growth in a church can be the preparation and coordination of balancing space needs with financial means. After all, the physical building can mean so much to your church family. You want to have a certain feeling when you walk in the building. You want the building to […]
Read More >
Though I’ve been blessed to work with churches for more than two decades, I learned a long time ago: never say “I’ve seen it all.” The past year is the perfect example of why. Without a doubt, 2021 provided us with new and unique challenges — but it also confirmed some emerging trends and some […]
Read More >
By Alina Parizianu, CFP®, MBA, RICP® Most people don’t like to think about life insurance coverage. However, in the event of your death, having it can mean your family will be taken care of financially. Proper life insurance coverage can eliminate concerns about money and finances as loved ones grieve your death. Even modest funerals […]
Read More >
Too often, investing for retirement is the “elephant in the room.” Many professionals — particularly clergypersons — aren’t adequately prepared. Here, a panel of CFP® professionals from MMBB Financial Services (mmbb.org) and ministry leaders bring the topics down to earth. Their goal: make retirement investing more manageable, even (and maybe especially) if you’re advanced in […]
Read More >
By Alex Kim, CFP®, MBA, CPA Accidents happen. We’ve all heard it. We all know it. Yet, when it comes to accidents, injuries, or illnesses that sideline someone from work, many people think they only happen to someone else. Disability insurance replaces part of your salary if a disability temporarily keeps you from performing your […]
Read More >
By Matthew D. Hoffman, CFP®, ChFC® If you become incapacitated by either illness or injury, who will make your decisions? This is something that we don’t normally think about, especially if we are young and healthy. But even though it might be a bit unsettling to picture yourself becoming incapacitated, it is a stark reality, […]
Read More >
After much political drama, the Consolidated Appropriations Act of 2021 (CAA) has been approved by Congress and signed by the President. It includes $284 billion dollars for a second round of Paycheck Protection Program (PPP) Loans for which churches and nonprofits are eligible to apply through participating banks. Your banker might be slow to begin […]
Read More >
By Amy Manderscheid Before she started working for StartCHURCH, Angela worked in various accounting jobs. Now, she is one of our dedicated bookkeepers. One day, while reconciling accounts for one of the churches she works with, she noticed something off in the numbers. She quickly discovered the church was being charged $600 a month for […]
Read More >