Statistically, younger generations do not give to churches like their parents and grandparents. However, a recent study by the Lilly Family School of Philanthropy on how giving is cultivated within… Click To Read More "Teach Your Children to Give"
When we are engaged to work with a church, it is often to help prepare the financials to present to a bank for a loan request. One area that usually… Click To Read More "Church Balance Sheet"
Reducing Church Expenses
When reviewing church financial records to prepare their annual report, we constantly look for ways in which the church can reduce costs. Any area where a cost savings can be… Click To Read More "Reducing Church Expenses"
Preparing for a Loan
If you have tried to get approved for a loan lately, you probably discovered that it takes more time to complete and is a bit more difficult than it used… Click To Read More "Preparing for a Loan"
IRS Phone Scam
If you receive a telephone call from someone claiming to be from the IRS, it is a scam. The IRS recently issued a warning to taxpayers to be on alert.… Click To Read More "IRS Phone Scam"
Delano Sherley
2014 24-11 – Reimbursing Expenses Part 2 24-10 – Reimbursing Expenses Part 1 Click To Read More "Delano Sherley"
Year-End Contribution Reports
Since the year is almost over, it is a good time to review the rules for issuing charitable contribution statements. Charitable contributions must be reported/claimed in the year in which… Click To Read More "Year-End Contribution Reports"
Delano Sherley – Accounting & Tax
24-11 Reimbursing Expenses (part 2): Churches are required to follow the IRS “accountable reimbursement plan” rules when reimbursing business expenses. Proper documentation is a key requirement: the employee must document… Click To Read More "Delano Sherley – Accounting & Tax"
Delano Sherley – Accounting & Tax
24-10 Reimbursing Expenses Part 1: It is common for a company or church to reimburse employees for business expenses they have personally paid. However, there are specific rules which must… Click To Read More "Delano Sherley – Accounting & Tax"