“Does a gift to support a camp counselor have tax implications?” ChurchLawandTax has a quick overview here.
Category: finances
“With Attendance Down, Rural Churches Pool Resources To Keep Doors Open”
“With Attendance Down, Rural Churches Pool Resources To Keep Doors Open” NPR’s Morning Edition aired this story from WFIU Public Radio about rural churches pooling resources to keep their doors open. The story highlights a growing dynamic that often requires thoughtful legal counsel to navigate questions related to employment, governance, and the contract between congregations sharing clergy and other resources.
“Nonprofit Embezzlement—What to Do When Lightning Strikes”
“Nonprofit Embezzlement—What to Do When Lightning Strikes” CharityLawyerBlog has a baker’s dozen steps to take after discovering an embezzlement incident here.
“How to Determine Whether or Not You Pay the ‘Parking Lot Tax'”
“How to Determine Whether or Not You Pay the ‘Parking Lot Tax’: An update on the taxation of qualified transportation fringe benefits” The 2017 Tax Cuts and Jobs Act included a provision that requires charities to treat transportation benefits as unrelated business income. The I.R.S. issued long-awaited guidance on that provision in Notice 2018-99. ChurchLaw&Tax has an overview here.
“Charitable Gifts: Date of Delivery Rules”
“Charitable Gifts: Date of Delivery Rules” Clergy Financial Resources has this summary of how to determine whether a gift is “delivered” by December 31 here.
“Church Bookkeeping Tips and 5 Errors to Avoid!”
“Church Bookkeeping Tips and 5 Errors to Avoid!” https://www.freechurchaccounting.com/church-bookkeeping.html
“Simple Tips for Handling Your Church’s Money”
“Simple Tips for Handling Your Church’s Money” ChurchLaw&Tax has this article explaining why church financial audits provide opportunities to look closely at how your church handles its money.
“Budget Calendar: Traditional or Fiscal?”
“Budget Calendar: Traditional or Fiscal?” Church Finance Today has an infographic showing that most churches end their budget year on December 31 here.
“It’s Time to Stop Making Payroll Mistakes”
“It’s Time to Stop Making Payroll Mistakes.” Clergy Financial Resources has some basic guidance here.
FREE WEBINAR: “Strategic Reserves and Endowments: Guidance for Forward-Thinking Funders and Grantees”
FREE WEBINAR: “Strategic Reserves and Endowments: Guidance for Forward-Thinking Funders and Grantees.” Nonprofit Quarterly sponsors a free webinar on June 27, 2018 at 2:00–3:00 E.D.T. The topic is described as follows: “Funding strategic reserves that are available to nonprofit leaders over the long term to strategically pursue their missions.” The discussion will feature an exemplary reserve grant program. Register here.