Everyone, from tax preparers and mechanics to doctors and surgeons, needs to receive ongoing and informed training to do their job well. This is also true of the individuals responsible for the financial matters in your church.
Applicable Large Employers (ALEs) have significant reporting requirements, including Form 1095-C. That means it is crucial for higher education institutions to document whether or not they have more than 50 full-time equivalent (FTE) employees for years beginning with 2014.
August 18, 2016 - The Financial Accounting Standards Board (FASB) today issued Accounting Standards Update (ASU) 2016-14, Not-for-Profit Entities (Topic 958): Presentation of Financial Statements of Not-for-Profit Entities.
Many ministries have questions about internal controls and how to effectively address or prevent vulnerabilities. This article looks at some of the specific internal control weaknesses that can exist in a church and why they are a concern.
According to published reports, a number of organizations have received emails from an individual in England who was unknown to the organizations and offered a donation of approximately $30,000. Learn how this scam works.
Statistics to consider when you complete your next Form 990 or draft your next annual report, along with information on how CapinCrouse can help.
A look at some of the common mistakes made in church finance departments and how these mistakes can be remedied.
The IRS has an extensive reporting structure for foreign activities by U.S. individuals and corporations. Nonprofit corporations, religious workers, and churches are not exempt.
Although foreign bank account reporting (FBAR) reporting was legally required as far back as 1970, few Americans knew about it or took it seriously. This has changed in the last few years because of the Treasury Department’s aggressive search for violators and the draconian penalties that apply.
April 20, 2016 - On April 6, 2016, the Freedom From Religion Foundation renewed its attack on the minister's housing allowance by filing a complaint. This is only the first step in what will probably be a several-year court proceeding.