Donation letters, receipts, and IRS tax forms are essential for donors to claim deductions on noncash charitable gifts. They also serve as acknowledgments of generosity and help nonprofits maintain accurate financial and accounting records. Our upcoming webinar is...
Understanding how to report missionary wages can be complex, and costly if done wrong. From foreign earned income exclusions to accountable reimbursement plans, churches, missionaries, and their families face unique tax implications that require clarity, precision,...
Because we service many churches and Christian ministries, we keep a pulse on legal matters that these organizations can encounter and pass along best practices to help them stay compliant and functioning well. Though our society is increasingly litigious, we have...
Managing cash reserves is one of the most important functions of an organization, and nonprofits are no exception. Churches and ministries are entrusted with great vision that require resources critical to their ongoing work without interruption. Unfortunately, many...
A growing trend for churches and ministries that own their property is the renting of parking spaces to others outside their organization. Whether the rented parking spaces are for periodic or 24/7 usage, there are tax consequences that come with these income...
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