Gift to Church Member
by Ginger
vickey's reply According to Dan Busby, CPA, in his book: <Zondervan 2011 Church and Nonprofit Tax and Financial Guide  ...Love offerings (gifts) to staff members from church or nonprofit funds are taxable....unless they meet one of the following exceptions: • De minimis gifts...gifts less than $25 in value. (Cash, gift cards, or other cash equivalents are not de minimis gifts, regardless of how small the value) • Employee achievement awards...requires a written, nondiscriminatory award program, which provides awards either upon attaining longevity goals or safety standards and meets other requirements for type of gift and limits on amounts. • Staff member is a church attendee...requires careful documentation to ensure that the employee would have received a benevolence payment, and in the same amount, if the individual had not been a staff member. *Note: Many churches adopt policies prohibiting the payment of benevolence funds to employees.
|
Church Accounting Package
- Want to learn some basic church accounting basics?
- Need to know how to fill out a noncash donation receipt?
- How about some tips on setting up a fund accounting system?
Would Highly Recommend. Took the mystery out of Church Accounting for me ...more...
Excellent Book! I highly recommend these books.
They are a necessity, WRITTEN IN PLAIN ENGLISH!
Errol James
Real Eye Opener. Not knowing a thing about church finances, this was a real eye opener and a great way to get us started ...more...
Very Helpful and Detailed I would recommend these books to everyone, I am from Canada and would also recommend it to all of the Canadian people involved in the Finance part of the church. Very helpful and detailed. A must get!! ...more...
more testimonies on bottom of this page...
Free Accounting Spreadsheets
when you...
Subcribe to my free newsletter: Stewardship
Your spreadsheets work wonderful-I have Pastored for 17 years in 3 different churches, and this is the best and easiest finance program for the Church that I have seen yet!
Pastor Tim
Thank you so much for sharing your spreadsheets! I expect the Lord will reward you in heaven for helping those of us that needed some quick help...more...
Darla
Free Spreadsheets I've downloaded several of your spreadsheets and I had no problem with them. They have helped me to keep better records, also they are well structured professionally...
more...
Mary
The free accounting spreadsheets were a life saver. I was able to immediately start using them and they saved me more time than I could ever imagine being able to save! I'm now organized!... more...
Recommended Products
