taxes

This is a guest article provided by Cassidy Jakovickas, CPA at MBS Accountancy. Since being introduced in 2020, the Employee Retention Credit (ERC) has made headlines because of its lucrative potential…

What could your church do with an extra $7,000? What about $7,000 per employee per quarter? Many church leaders overlooked the Employee Retention Credit (ERC) in their rush to apply…

Starting a nonprofit organization checklist can seem like a daunting task when considering all that is involved. Between the forms, frustration and legal lingo, the whole process can be extremely…

When it comes to taking care of payroll for your pastors, first you have to figure it if your organization qualifies for tax-exempt status. Read more about that here. Your…

Welcome to our guide on church accounting. This guide covers the definition of church accounting, best practices, outsourcing options for bookkeeping, options for accounting software, and more! Manage your giving,…

Welcome to the world of nonprofit accounting! This guide covers basic definitions, best practices, and advanced examples, as well as outsourcing and software options. Before we dive in, it’s important…

Sales tax applies to the sale of tangible personal property, unless the sale is covered by a specific legal exemption or exclusion. Individuals, businesses, and groups that sell taxable merchandise…

The end of the year is an important time for nonprofits and churches. Whether it’s tax filings or company parties, there are many things to get right before you ring…

When the Trump Administration passed the new tax plan in December of 2017, the standard deduction people could claim on their taxes about doubled. What does this mean? And how…

There is a big difference between pastors and typical employees, which leaves many pastors stuck with a large amount due on tax day. This webinar explores the fundamentals of pastoral…