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Blog Author: Hannah Lanser

Charitable Gifts that Qualify as Tax Deductions

As individuals begin to finalize their year-end giving, it is important to consider the deductibility of contributions. According to IRS Publication 526, Charitable Contributions, deductible contributions must be made to

Housing Allowance and Taxes

Housing allowances are wonderful benefits to those who qualify. A clergy who is ordained by a religious body (church or denomination) that performs religious and ministerial duties qualifies for this
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Is Rental Income Taxable?

“If we rent out our church building, is that taxable income?” First, it’s important to determine whether the rental activity itself is substantially related to your tax-exempt purpose and mission.
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5 Tips for This Season

1. Budget As you budget for the rest of your fiscal year or the next, the best practice right now is to create multiple scenario budgets ranging from most to
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Internal Controls – COVID style

Auditors love internal controls so it should come as no surprise that despite our current COVID environment, internal controls are still top of mind. Risk has always been a part

SBA Releases Loan Guidance for Faith-Based Organizations

On April 3, 2020, the U.S. Small Business Administration (SBA) released a FAQ addressing many of the questions for faith-based organizations applying for the Paycheck Protection Program (PPP) loans and
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Capturing Institutional Knowledge

Institutional knowledge. What your staff knows is one of the most valuable intangible assets of every organization. It’s often taken for granted and losing it is costly, frustrating, and inefficient.

Faith in Numbers Recap

Faith in Numbers was created as an educational offering to churches and religious organizations in the Midwest region. Additionally, we wanted to provide an opportunity to gather with similar organizations

Selecting the Right Retirement Plan for your Church

Have you heard of the 403(b)(9) plan? This type of plan, as opposed to an IRA, 403(b), 403(b)(7) or a 401(k) plan, has two key benefits for ministers described in

Don’t Let Tax Reform Keep You from Major Donor Effectiveness

I was recently asked about the impact of the Tax Cuts and Jobs Act that went into effect on January 1, 2018 on major donor giving.  In that tax reform,