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Knowledge Base – Articles on Church Accounting
Part-Time Church Salary Staff
I am frequently asked about the rules associated with ministries paying part-time staff a salary and whether or not this is allowed. The answer is [...]
Conversion from Cash to Accrual Basis
As a church auditor; I find that most ministries prepare their internal financial statements on a cash basis which is most similar to how we all [...]
Pastoral Compensation – Reporting and Withholding
Structuring compensation packages and employer taxing/withholding of clergy/pastoral staff can be a bit tricky since there are several rules that [...]
One Fund – Unrestricted
One Fund - Unrestriced Donations received by ministries take on several forms – cash/checks, grants, services, real estate, vehicles and other hard [...]
Housing Allowance – Establishing and Maintaining
Clergy are afforded many tax advantages; but none are as great as the housing allowance exclusion from personal wages. Most ministries know what is [...]
Bargain Sale Rules for Churches
Donations to the local church and other ministries come in several forms including the donation of real estate, but what happens if the donated [...]
Tithe and Offering Count Process
The handling and processing of the Sunday cash tithe & offerings is a critical step in the accounting process and requires appropriate safe guards[...]
Payroll Tax Services
Dennison CPA, PC offers payroll processing and tax services to Churches and other Christian Ministries through our online payroll processing [...]
Funding Solutions Analysis
Construction and building projects are some of the most stressful and complex tasks that any ministry will undertake throughout its organizational [...]
Financial Internal Controls in a Not-For-Profit World
Atlas of Giving™ reported in their “U.S. charitable giving: 2013 results & initial 2014 forecast” that total charitable giving to religious [...]
Church Unrelated Business Income Tax
As a responsible steward of the resources that God has blessed your ministry with; you as leaders are probably looking for avenues to maximize those [...]
Church Staff – Employee or Contractor?
I am frequently asked to help ministries determine whether some of their church staff are considered employees or self-employed contractors for tax [...]
Common Church Payroll Mistakes
Payroll taxes are the most common area in which I see that ministries find themselves in trouble with the Internal Revenue Service. Filing quarterly[...]
To GAAP or not to GAAP
Churches must prepare their financial statements using Generally Accepted Accounting Principles (GAAP all the time; right? Wrong!!! This [...]
Internal Controls in a Not-For-Profit World: Church Governance
As is the case with all corporations; church corporations have a board of directors that are responsible for the oversight of the ministry. The board [...]
Fund Accounting with QuickBooks
As is the case with all corporations; church corporations have a board of directors that are responsible for the oversight of the ministry. The board [...]
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