Nonprofit Resources
The Who, What, When, and How of Church Internal Audits
There are several reasons why a church may perform an internal audit. Whatever leads to an internal audit at a church, however, it’s important to perform it at the right time and through the right process. This article explains who and what an internal audit should involve, when to perform one, and how to report the results.
Employing the Wisdom of Small Creatures for Big Organizational Change
Rather than thinking of ants and locusts as pests, what if we viewed them as little creatures we can learn and unearth big organizational truths from? After all, Proverbs 30:24 describes ants and locusts as “exceedingly wise.”
How to Ensure Your Church Bookstore is Tax-Exempt
Church bookstores can be wonderful resources for attendees and the church. It’s important to be aware, however, that your church bookstore may generate what the IRS considers unrelated business income (UBI), which is taxable. This article will help you understand the requirements for operating in a tax-exempt manner and how to remain in compliance.
Six Simple Suggestions for Improving Financial and Operational Efficiency
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.
Medical Premium Refund for Small Organizations
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.
New York Non-profit Revitalization Act
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.
