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Church Finance Today

May 2018
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Feature Article

The Pros and Cons of Crowdfunding

The Pros and Cons of Crowdfunding Subscriber access only

With promising technology comes legal and tax considerations.

Articles

Tax Calendar

Tax Calendar

Important deadlines for churches and ministers

May 15, 2018

  • An annual information return (Form 990) for tax-exempt organizations is due by this date for 2017. Form 990 summarizes revenue, expenses, and services rendered. Organizations exempt from federal income tax under section 501(c)(3) of the Internal Revenue Code must report additional information on Schedule A. Churches, conventions and associations of churches, “integrated auxiliaries” of churches, and church-affiliated elementary and secondary schools are among the organizations that are exempt from this reporting requirement. Organizations are not exempt from filing Form 990 if they have annual gross receipts of $25,000 or more.

May 10, 2018

Churches having nonminister employees (or one or more ministers who report their federal income taxes as employees and who have elected voluntary withholding) ...

Monthly requirements, May/June 2018

If your church reported withheld taxes of $50,000 or less during the most recent lookback period (for 2018 the lookback period is July 1, 2016, through ...

Semiweekly requirements, May/June 2018

If your church reported withheld taxes of more than $50,000 during the most recent lookback period (for 2018 the lookback period is July 1, 2016, through ...

Faith Increases Giving

Faith Increases Giving

People with religious beliefs are more likely to give than their nonbelieving counterparts.
Church Compensation

Church Compensation Subscriber access only

Learn the many pieces of employee compensation so you're in compliance with government guidelines and your ministry staff is properly cared for.
Mandatory Child Abuse Reporting Laws

Mandatory Child Abuse Reporting Laws Subscriber access only

Did you know pastors and other church staff may be required by law to report child abuse and that laws on this vary state by state?