IRS Compliance Archives - Church Executive


[Webinar] Leveraging the Cloud for Quick & Easy Financial Reporting for Faith-Based Organizations

Date: Wednesday, May 23 Time: 11 AM PT / 2 PM ET Cost: FREE As a faith-based finance organization, you need to provide up-to-the-minute, accurate information to a variety of stakeholders — pastors, ministers, program managers, and board members. But instead, you’re stuck with manual, Excel-based reporting, resulting in delays and inaccurate data. Learn why […]

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Will the Tax Cuts and Jobs Act affect YOUR CHURCH?

  On Dec. 20, 2017, Congress passed the Tax Cuts and Jobs Act (the “Act”) which represents the most substantial overhaul of the tax code since the 1990s. The Act brings significant changes to individual and corporate income tax filers. How will the Act affect tax exempt organizations — and specifically, religious organizations? Churches and […]

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When to choose a fund accounting solution

fund accounting software churches

Due to the nature of their work, churches are held to a high standard of accountability by internal and external stakeholders. Without a financial solution designed to comply with non-profit accounting standards, it can be challenging to demonstrate transparency and fiscal responsibility to constituents. While commercial accounting software can be configured to meet basic financial […]

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Intellectual property considerations for church leaders

By David O. Middlebrook Churches are some of the most creative places on earth. Every week, church staff is called upon to create sermons, songs, Bible and Sunday school lessons, music, books and teaching materials, and all other kinds of creative works. Churches routinely use media — such as movies and audio clips — to […]

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Get real-world, in-person church management training June 20-30 in Nashville!

Church executives of all types know that the church is, in some ways, a business. Whether you’re a lead pastor, executive pastor, business administrator or denominational official, you attend to congregational business of facilities, finances, human resources, information technology, and a host of other issues on a daily basis. For example, take a quick test […]

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A (financial) foundation to grow on

With six campuses, more than 36,000 active members, and 1,050 full-and part-time staff, Gateway Church in Dallas / Fort Worth simply can’t function at maximum efficiency without a streamlined, accessible and accurate accounting “engine” — something they didn’t have…until now. When Lead Director of Business Administration Monty Carpenter joined the Gateway staff in 2011, incredible […]

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3 myths of the 501(c)(3): When misunderstandings lead to misguidance

At our Ultimate Church Structure Conferences, I speak with many pastors who, unfortunately, have been misinformed about what 501(c)(3) tax-exempt status truly means and the impact it will have on their churches. Pastors often attend our conference in the hopes of clearing up doubts and questions that they’ve been riddled with regarding tax law and church compliance. For that very reason, I have listed below three of the most common misconceptions that I hear from pastors across the country regarding churches and 501(c)(3) tax-exempt status.

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Examining organizational structure — including (and especially) church members’ rights

There are more than 400,000 churches in the United States, each with its own governance structure and decision-making model. With so many different models and terminology used to describe church governance structures — elders, deacons, trustees, directors, pastor and apostle — it can be quite confusing to determine what’s the best and most biblically-sound corporate structure for your own church.

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5 compliance challenges EVERY church leader needs to know about

The landscape for churches and ministries is filled with pitfalls.

Over the last 20 years, Congress and the IRS have become very interested in the activities of churches, ministries and nonprofits, which has led to the enactment of section 4958 and the creation of the Exempt Organizations Executive Compensation Compliance Project, resulting in increased enforcement presence and millions of dollars in fines.

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Payroll: Do you have your ducks in a row?

One definition of “dread” is managing payroll without qualified staff. For those churches with limited resources, ministerial staffing positions must be filled first. A common sentiment among pastoral leadership regarding payroll is, How hard can it be?

Well, it is hard. And, some mistakes could lead to serious consequences.

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