Car Allowances & Mileage Reimbursements

Car Allowance?  Mileage Reimbursement?  Writing off mileage expenses on your taxes?  Congregation-owned vehicle?  53.5 cents?  17 cents?  14 cents?  What’s the best way to cover these costs?  There are a variety of ways for congregations to reimburse clergy, staff and volunteers for the travel needed for ministry, and they have different advantages / disadvantages in[…]

Year-end Contributions 2016

As the end of the year approaches, it is important to document contributions properly, so that donors may deduct the charitable contribution on their income tax return.  This involves dates, bookkeeping, and documentation. DATES  For the IRS, it is the date of the check and the date that the congregation receives the contribution that matters, even if[…]

Financial Transparency in 1620

On August 17, 1620, the Mayflower and the Speedwell were anchored in Dartmouth, Devon, along the south coast of England.  They had twice turned back to repair major leaks, which used up valuable resources and exposed conflicts among them.  Robert Cushman (who served as the agent of the Leiden congregation) sent a letter back to London,[…]

Tracking Time Off

With the new mandatory sick leave law in Massachusetts, employers have included vacation and sick time accrual and usage on employees’ paystubs.  How do you set this up in QuickBooks? First, look at your personnel policies and determine how the time off is accrued.  QuickBooks tracks only two types of time off: vacation and sick.[…]

Employee or Contractor?

The W-2s and 1099s have been distributed for last year, but many congregations are wondering if they have classified their employees and contractors correctly.  This is important for the IRS, Social Security taxes, the state attorney general’s office, and various federal and state employment laws.  How should this be determined? When a person provides services[…]