Services performed as a member of a religious order in the exercise of duties required by the order are considered ministerial services by the IRS. Learn more about the tax considerations for members of religious orders.
There is a noticeable and consistent trend for church business administrators or the finance and accounting teams to be over-worked, overwhelmed, and in some cases a little underappreciated. God designed ministries to function in a way that allows them to serve people effectively. These suggestions can help alleviate some common problems in ministry and enable your organization to operate more efficiently.
The new health reform legislation includes a tax benefit for eligible small employers who buy medical insurance for their employees. The potential of a refund makes this worth looking into.
The New York Non-Profit Revitalization Act of 2013 aims to reduce burdens on the nonprofit sector while strengthening governance and accountability. Every New York nonprofit entity should be aware of the changes to the laws. Here are the new requirements to consider to ensure your organization’s compliance.