Nonprofit Resources
“Tax-Exempt” Doesn’t Erase All Tax Issues
While 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.
Board Governance in Churches: So Who’s in Charge, Anyway?
Church “polity” often defines your church’s structure, board roles, and responsibilities. If you are a church board member, it’s critical that you understand the role of your church governing body in relation to your church polity in order to help you understand your role and responsibilities.
Corporate Credit Cards and Your Church: Important Considerations and Guidelines
Corporate credit cards can be very useful for church staff, but they need to be used properly, with adequate documentation provided on time.
Five Questions to Ask About Your Organizational Philosophies
Whether you are new to your organization or have been there many years, it is important to step back periodically and examine existing organizational philosophies to determine whether they are helping or hindering your ministry’s leadership and objectives.
Nonprofit Issues Newsletter, Summer 2015
Topics in this issue include reporting health plan coverage to employees and the IRS, cyber security, and what nonprofits need to know about corporate sponsorships.
Not-for-Profit Financial Reporting 3.0: New FASB Exposure Draft
Even with the challenge of learning a new framework and educating others, this may be an update to welcome.
Measuring Your Church’s Financial Performance
How does your church compare with similar churches? What financial issues should you monitor, and how? This article explores a few of the measurements and ratios that will help you assess your financial health and identify areas for improvement.
Nonprofit Issues Newsletter, Spring 2015
The Spring 2015 edition of our Nonprofit Issues newsletter includes articles on proposed changes to not-for-profit financial reporting, building a stronger internal audit function, the COSO Framework update, and how to identify capacity gaps within your organization.
New AICPA Not-For-Profit Section to Provide Key Resources
The AICPA has created a new Not-For-Profit Member Section designed to provide information and resources to those who work in and for this industry.
Important Update on Employer Health Insurance Premium Reimbursement/Payment Plans
February 20, 2015 - For many years, employers were able to directly pay for, or reimburse employees for, the premiums of health insurance policies purchased by an employee without the employee being taxed. This favorable treatment changed effective January 1, 2014. Employers offering premium reimbursement plans are not complying with the Affordable Care Act (ACA), and may be subject to substantial penalties.