Tax Return Preparation
Our not-for profit tax advisors have years of experience working alongside churches, synagogues and other faith-based organisations to minimize their taxes and preserve their tax exempt status.
You can set up a church bookkeeping system to track expenses, income, and assets.
Our experts will make sure all information is present and accounted for. Let us handle the busy work, so you can focus on your mission.
Our not-for profit tax advisors have years of experience working alongside churches, synagogues and other faith-based organisations to minimize their taxes and preserve their tax exempt status.
Congregants will feel more secure knowing that their donations and tithes are being used in the right way. Congregants will be more inclined to give if they know that their donations have been used well.
Bookkeeping mistakes in churches are inevitable. However, you can take steps to prevent them from happening.
Avoiding this error in church bookkeeping is by taking the time to look at every person you pay for a service. You can then use the IRS guidelines (link below) to determine if they should classify themselves as employees with payroll tax withholding, matching or independent contractors.
Now is the perfect time to use our church bookkeeping services to ensure your financial records and policies are set up correctly. Plus, since you likely have a limited team, it helps to outsource your bookkeeping so you can focus on growing your organization and never get behind.
In a non-profit organization, such as a church, the board is the bearer of this fiduciary responsibility and therefore should properly oversee all operations, including finances, to protect the members of the church.
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.
Common Church Budget Categories
Personnel (salaries, benefits, etc.)
Administration (operating expenses)
Facilities and Equipment (utilities, insurance on property, maintenance)
Outreach (missions, evangelism, social events, etc.)