Monthly Archives: July 2012

Pastor’s Housing Allowance

Posted on July 25, 2012 by Tim

It’s important to account for a minister’s housing allowance correctly and educate your clergy on the tax implications of being self-employed. This blog illustrates two scenarios for minister’s housing allowance. One results in no self-employment contribution tax and the other generates a self-employment contribution tax liability that is the responsibility of the minster or clergy. Continue reading →

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Posted in 501(c)3, Accounting, Aplos, Board of Directors, Church, Internal Controls, Organization, Web-Based | Tagged , , , , , , , , , | Leave a comment

Non Cash Charitable Contributions

Posted on July 17, 2012 by Tim

Accounting for items donated to your nonprofit can be confusing. There are many things to consider when auctioning or selling donated goods. This blog provides the accounting journal entries involved for the nonprofit or church and the contribution receipts for the donors. Continue reading →

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Posted in 501(c)3, Accounting, Aplos, Church, Contributions, Fund Accounting, Fundraising, Non-profit, Organization | Tagged , , , , , , , , | Leave a comment

Nonprofit Board Policies

Posted on July 10, 2012 by Tim

It’s important to write good board policy for your nonprofit and to also review that policy on an annual basis. Continue reading →

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Posted in 501(c)3, Accounting, Aplos, Board of Directors, Church, Internal Controls, Legal, Non-profit, Organization, Starting a Business | Tagged , , , | Leave a comment