Learn about NPO audit requirements, financial compliance, audit preparation, nonprofit financial management, tax-exempt status maintenance, donor accountability, and internal controls.

Your straightforward guide to understanding and filing Form 990, with practical tips and common pitfalls to avoid.

By following these church accounting guidelines and best practices, you can accurately and properly track income and expenses for your church and avoid losing your tax-exempt status.

Missteps in your grant allocation can lead to significant financial inefficiencies and hinder your organization’s ability to maintain programs and trust with donors. Without proper grant management, your organization can…

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…

Compensating your minister, pastor, or another religious professional for their housing is a common and accepted practice in many churches for income tax purposes. The word parsonage comes from the…

ompensating your minister, pastor, or another religious professional for their housing is a common and accepted practice in many churches for income tax purposes. The word parsonage comes from the…

A treasurer is a key position in any organization. In the nonprofit sector, the treasurer usually helps the board navigate the finances for the organization and reports on them to…

To ensure that your ministry is protected in the event of an audit, tax returns and other important records may be needed to quickly provide evidence that your church is…

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…