Housing Allowance for Ministers

Housing Allowance is a substantial tax benefit provided by Section 107 of the Internal Revenue Code to qualifying ministers.  Ministers can exclude the fair market rental value of their home from gross income for income tax purposes.  This includes furnishings, utilities, and other items needed to maintain the home. This privilege has been challenged a [...]

By |2019-11-08T17:14:36+00:00November 8th, 2019|Church Finance, Church Governance|0 Comments

Your Church Council Can’t Delegate Away Your Preschool

I have performed many Financial Policies and Procedure Audits over the past three years and a subject that always seems to be a sore spot is the preschool. Some of the people I interview see the preschool as a ministry outreach to the community. Others see it as an income source and good use of [...]

By |2018-09-25T01:14:26+00:00September 25th, 2018|Church Governance|2 Comments

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