A growing number of nonprofits are fighting to keep their property tax exemption status as they become the target of tax collectors looking to compensate for increasing deficits in state, county, and local budgets. [read more]
While we are all called to ministry in our local church, there are specific requirements for determining whether you are a “minister” in the eyes of the IRS.
This matters, of course, because it affects how you file your taxes. [read more]
I’ve posted blogs in the past about taking advantage of a provision in the new Affordable Care Act. Ministries that qualify have until May 15 to apply to claim the credit of up to 25% of healthcare premiums paid for their employees. While you always need to read and understand the fine print on measures like this, I want to encourage you to take advantage of this credit if your ministry qualifies. [read more]
An upcoming “lunch-and-learn” event with the Orange County chapter of the National Association of Church Business Administration (NACBA) offers church business administrators and financial decision makers a valuable learning and networking opportunity.
In addition to a complimentary lunch and time to network with ministry peers, you’ll hear the latest church legal and tax updates from attorney and CPA Frank Sommerville, one of the nation’s top experts on non-profit tax and legal issues.
This event is scheduled for Thursday, March 22, from 11:30 a.m. to 1:30 p.m. at Mariners Church in Irvine, California (5001 Newport Coast Drive).
If your ministry accepts debit or credit cards for donations, café or bookstore purchases, or other ministry activities, you will most likely be required to report the total payments made with the cards to the IRS starting in 2012. [read more]