budgeting, Business Activity, CURRENT ISSUE, FEATURE STORIES, FINANCE, Financial Services, IRS Compliance, Latest News, LEADERSHIP, LEGAL
Wednesday, May 13th, 2015
Depending on your role at the church, you’ll hear the word “audit” and come to one of two conclusions:
If you’re the finance manager, you understand the need for the substantiation of the integrity of the data — even though an audit can add to your already busy workload.
If you’re the pastor, it comes down to one word: “Why?” The financials are written in what appears to be a foreign language, and they don’t seem to help as you try to make good, mission-critical decisions, anyway.
Business Activity, Conflict, FINANCE, Financial Services, Giving, IRS Compliance, Latest News, LEADERSHIP, LEGAL, RISK MANAGEMENT, Theft/Fraud, WEB EXCLUSIVE
Friday, April 3rd, 2015
Televangelist Creflo Dollar recently came under fire for asking that 200,000 of his followers donate $300 each to buy a $60-million luxury jet for his use. In the wake of bad publicity associated with the request, it appears that he may have cancelled the campaign before reaching his goal. The problem is: What happens to money already collected?
Business Activity, CURRENT ISSUE, FEATURE STORIES, FINANCE, Financial Services, Human Resources, IRS Compliance, Latest News, LEADERSHIP, LEGAL
Monday, March 30th, 2015
As March and April roll around each year, a collective sigh can be heard as Americans prepare to file their taxes. Much of the groaning comes in response to the complexity of figuring out what regulations apply. The clergy housing allowance is a perfect example.
budgeting, Business Activity, FINANCE, Financial Services, IRS Compliance, Latest News, LEADERSHIP, LEGAL, Software, TECHNOLOGY
Friday, February 20th, 2015
In some ways, churches must run like businesses. However, houses of worship have specific needs that secular accounting software just can’t accommodate. In this insightful new eBook, ChMS expert Michael Jordan talks about those unique needs — and how the right ChMS meets them. Download this eBook now! And, keep an eye on your inbox for additional chapters, from giving / donation tools to first-time visitor engagement.
IRS Compliance, Latest News, LEGAL
Monday, December 1st, 2014
July lawsuit settlement with atheist group, IRS admits monitoring churches for allegedly illegal political activity
FINANCE, IRS Compliance, LEGAL
Monday, August 18th, 2014
What you need to know now
IRS Compliance, LEGAL
Monday, October 1st, 2012
Churches are in the charity business.
IRS Compliance, LEGAL
Wednesday, September 1st, 2010
As employers, churches are significantly affected by the new health care reform legislation.
Business Activity, IRS Compliance, LEGAL, Uncategorized
Friday, January 1st, 2010
In this modern era, many churches are offering more and more services to its congregants to attract new members, retain established members and create revenue to operate the church or fund its programs. Common examples may include a bookstore or coffee bar. As a general rule, a church is not taxed on its income or revenues from an activity that is substantially related to the religious or charitable purposes of the organization.
Human Resources, IRS Compliance, LEADERSHIP, LEGAL
Sunday, November 1st, 2009
How important to a church is having an Accountable Reimbursement Plan (ARP)? With an ARP, expense reimbursements and advances are not reported as wages and are exempt from withholding and employment taxes. Without an ARP, reimbursed expenses, even when legitimate, must be reported as wages and are subject to withholding and employment taxes.