How do you determine the balance between too much or too little organization? Leaders need to understand their mission and clearly see that the structure and organization assists in accomplishing ministry.
Gift income includes gifts and contributions from individuals, special offerings, estate gifts, funds raised for disaster relief, and ministry shares. Among all these sources one of the most important, though often the least understood, is ministry shares.
We all face tough questions about our charitable giving. In tough financial times, these questions are even harder to answer. That’s one reason why the Christian Reformed Church in North America has a system called ministry shares.
The church is committed to effectively communicate our mission, vision, and values in an effort to help people develop in their Christian life as a part of the church community. As church members we want to communicate in an efficient, cohesive, and consistent manner that honors Christ and His church.
I started using the Zondervan "Church and Nonprofit Tax & Financial Guide" by Dan Busby a few years back. I just ordered the 2011 edition for 2010 tax returns and received it from Amazon. I recommend that every US church own this book as a resource for their church treasurer, administrator, and/or bookkeeper.
This tip sheet from the IRS will assist you in determining the tests that the IRS considers regarding determining if workers are independent contractors or employees.
Since ministers are not allowed to deduct church related business expenses from their local church employment as self-employed workers, often ministers and other church employees pay unnecessary income taxes on legitimate business expenses.
Faith Alive Christian Resources provides these guidelines to assist those wishing to utilize their published materials and to maintain compliance with US Copyright Law.