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.

This is a guest article provided by Cassidy Jakovickas, CPA at MBS Accountancy. Churches can unintentionally misclassify workers or volunteers as independent contractors when they should be treated as employees. This…

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…

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…

A common question that is asked by nonprofits and people in the community is whether or not a nonprofit organization can charge for products or services. Due to the public…

When someone managing a nonprofit needs to understand their organization’s financial standing, it’s generally a best practice to start with their financial reports. But some organizations, unaware of the ways financial…