Financial Services

7 Examples of Complicated Books

Creating the proper accounts in the church’s chart of accounts is important.

Navigating Pay Statuses at Your Church

Are musicians considered 1099 contractors or part-time employees? Can volunteers work for free for the church’s for-profit ventures like a coffee shop or daycare?

The Big Ask

If your church has a financial need, and there are members able to meet that need, just ask.

Your Church Needs Bigger Shoes

The story of Faith Community Church and its SMLLC, Faith Outreach Ventures, showcases the advantages of strategic legal structuring in broadening the influence and efficacy of the church’s mission.

Future-Forward Budgeting

Future-forward budgeting forces the tough conversations not driven by personalities or desires but through data-driven decision-making, which comes directly from the numbers.

Who Makes Your Church’s Budget?

Pastors indicate more variety in who is involved in creating their church’s budget. Most say the trustees or church board (77%), the treasurer (69%), the pastor (61%) and a finance or stewardship committee (58%) are involved in creating the budget.

5 Ways to Protect Your Church From an IRS Audit

When scrutinizing your church's activities, confirming that every ministry and department directly corresponds to the church's core mission is essential.

7 Tax Rules Churches Must Know for Year-End Giving Receipts

For church members to claim a tax deduction, they need bank records or a written donation receipt. Churches must follow specific rules when issuing these receipts.

Important Year-End Considerations

There are noteworthy updates and considerations that you should incorporate into your 2023 records.

Giving and Receipts: What You Need to Know

Ongoing donations are vital to most nonprofits, but it’s not always easy to get people to give to your cause, and it’s been challenging with the most recent financial challenges facing churches and ministries today.

3 Categories of Tax Forms Every Church Needs to Be Award Of

If you are wondering which tax forms your church or ministry needs to file to stay in compliance with the IRS, you’re not alone. Many pastors, ministry leaders and church administrators are simply unaware of all of the tax forms needed to stay compliant.