Let’s just face it; talking about giving is often the elephant in the room for churches. Yet, we all know what the Bible says about giving. It needs to be encouraged as an act of worship and given that importance and priority in our church. But really, what are some practical ways we can encourage… Continue reading Reasons to Thank First Time Givers
Well it’s June. Summer schedules are getting into full swing, a time for vacations, barbecues and VBS. As we mentioned last week in the article Preparing for the summer cash flow lull, now is the time to plan and budget for what often are lower income months for churches. This is also the perfect time… Continue reading Tips to start your next year budget planning
Let’s face it, summer is a tough time to do church. Historically, summer brings a lull in cash flow for churches. Children and Youth programs are in full daily swing as VBS, Camps and Trips send your staff and kids into a frenzy of action. With that also comes a cash outflow that you need… Continue reading Preparing for the Summer Cash Flow Lull
With the holiday season approaching, we’re all getting into the giving spirit. This is definitely my favorite time of the year. What a great time to consider showing your staff members just how much you appreciate their work and dedication. But what about those gifts and what are the tax implications of gifts to employees.… Continue reading Gifts For Your Church Staff
After working with several churches recently I found an interesting trend that I wanted to share. As we were preparing budgets for the upcoming year, we found that most of the churches initial draft contained most of the line items from the previous year with an adjustment for the upcoming year. While this is exactly… Continue reading Budget for Contingencies
Since most people aren’t anxiously waiting news and updates from the IRS, you like many others may have missed the changes the IRS made to the mileage reimbursement rates for 2013. Starting January 1, the IRS has increased the rate of reimbursement by $0.01 for mileage driven for church-related business purposes. Being aware of this… Continue reading IRS Announces New Mileage Reimbursement Rates
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