Money
Do you want your youth director to be able add her expenses directly into your accounting software but not have access to her payroll information? Atlanta Church Bookkeeping LLC is here for you.
To avoid making a mistake in church bookkeeping, you should carefully examine each person who is being paid for a service. The IRS guidelines (link to the Misclassification article), will help you determine whether they should be classified either as an employee with proper payroll tax withholding and matching, or as an independent contractor.
Would you like the youth director able to add expenses directly to your accounting program but not want her to have access payroll information? Atlanta Church Bookkeeping LLC provides all the services you need.
Do you want your youth director to be able add her expenses directly into your accounting software but not have access to her payroll information? Atlanta Church Bookkeeping LLC is here for you.
Religious and faith-based groups need the expertise and guidance a Certified Public Accountant.
So why not consider outsourcing? Outsourcing can provide an additional link in internal controls and increase expertise and accuracy for some small- to medium-sized churches. Let's take an in-depth look at each:
This is a great way to avoid this mistake in church bookkeeping. Take the time to review each person that you are paying for a church service and use the IRS guidelines link in the Misclassification article to determine if they should classified as an employee, with proper payroll tax matching and withholding.
These responsibilities may vary from church-to-church depending on the job description or according to their bylaws.
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.