Performance
These responsibilities, however, vary from church to church depending on their job description or as guided by their bylaws.
Our team of not-for profits tax advisers has many years experience working with churches, synagogues or other faith-based organizations in order to minimize their taxes, protect their tax exempt status, and help them avoid tax.
You can decide whether you want to pay an independent contractor or an employee if you are unsure.
These responsibilities, however, vary from church to church depending on their job description or as guided by their bylaws.
Many churches and nonprofits are struggling to make ends meet with their limited resources. Nonprofits can save significant time, stress, money, and valuable resources by outsourcing their financial management. Time spent on books can be time well spent by you, the leader of your nonprofit.
Many of the same labor laws and employment rules apply to churches as to non-profit organizations. This includes guidelines on classifying your workers either as employees, or independent contractors.
A church's financial health depends on its ability to accurately and expertly use their resources. A bookkeeper who is qualified and skilled means that they are experts in the correct way to enter data, comply with federal and local regulations, and can ensure accurate reporting.
We believe that listening is the key to building a client relationship based on trust and respect. We aim to help you build your faith organization and be more successful by offering financial guidance, leadership and advice.
Diocesan Canons state that treasurers and other officers of a church parish, mission or other institution be “bonded” according to Episcopal Church Canons. Episcopal Church Canons require that treasurers be “adequately bonded.”
seven years
Financial Records are traditionally kept for seven years. This relates to the laws of tax audits and the number of years back the IRS is allowed to look when determining an organization's tax liability.
The IRS may begin a church tax inquiry only if an appropriate high-level Treasury official reasonably believes, based on a written statement of the facts and circumstances, that the organization: (a) may not qualify for the exemption; or (b) may not be paying tax on unrelated business or other taxable activity.