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Financial Services

7 Examples of Complicated Books

Raul Rivera -
Creating the proper accounts in the church’s chart of accounts is important.
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Navigating Pay Statuses at Your Church

StartCHURCH -
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?
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The Big Ask

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

Your Church Needs Bigger Shoes

Raul Rivera -
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.
Resources

Future-Forward Budgeting

Desmond Barrett -
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.
Resources

Who Makes Your Church’s Budget?

Marissa Postell Sullivan -
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.
Resources

5 Ways to Protect Your Church From an IRS Audit

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

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

Kristen Alexander -
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.
Resources

Important Year-End Considerations

Raul Rivera -
There are noteworthy updates and considerations that you should incorporate into your 2023 records.
Resources

Giving and Receipts: What You Need to Know

Valerie West -
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.
Resources

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

Valerie West -
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.
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