What Nonprofits Need to Know About Corporate Sponsorships
July 21, 2015 11:35 pm Leave your thoughtsThe corporate sponsorship rules provide a closely defined safe harbor of activities or actions on which no tax will be due.
Author Archives for Amy Bucklin
Unrelated Business Activities, FIN 48, and Uncertain Tax Positions
July 21, 2015 11:20 pm Leave your thoughtsOver the past few years, the IRS has continually stated that they are ramping up compliance in the area of unrelated business income tax reporting for exempt organizations.
Responding to Financial Realities
July 16, 2015 11:31 pm Leave your thoughtsHard work at the beginning can make the church budget process work more smoothly through its adoption — especially if an unforeseen scenario with giving or expenses unfolds.
In the Budget? That Doesn’t Necessarily Mean You Can Spend It
July 16, 2015 11:24 pm Leave your thoughtsReserves and cash flow projections are important. Just keep in mind that while many churches use operating budgets, many church employees confuse operating expenses with cash expenses.
Big Picture Financial Management: Four Ways to Strengthen Your Ministry
July 15, 2015 10:22 pm Leave your thoughtsBeing responsible for the accounting and financial operations of a ministry is no small task.
Five Ways to Make an Audit Easier
July 14, 2015 8:16 pm Leave your thoughtsWe’ve put together five tips to help make an audit less painful and provide you with maximum benefit.
Managing Budgets Never Ends
July 14, 2015 8:10 pm Leave your thoughtsWe budget so that we can better manage our church’s operations. To effectively manage a budget, it should never be far from our minds.
“Tax-Exempt” Doesn’t Erase All Tax Issues
July 14, 2015 8:04 pm Leave your thoughtsWhile churches are tax-exempt organizations by law, local congregations are still affected by many tax issues. These include unrelated business income tax (UBIT), the correct classification of independent contractors, ministerial compensation, and other common tax concerns.
Corporate Credit Cards and Your Church: Important Considerations and Guidelines
July 14, 2015 5:48 pm Leave your thoughtsCorporate credit cards can be very useful for church staff, but they need to be used properly, with adequate documentation provided on time.
Gift Week: Taxidermy
July 10, 2015 8:30 am Leave your thoughtsLearn how to properly handle donations of taxidermy property from a tax standpoint.
