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You can invest the money from the sale of the parsonage and use the earnings toward the housing allowance but you cannot use the actual sale proceeds as a housing […]
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Churches sending acknowledgement letters to their donors should remember the following substantiation requirements held by the IRS. Please reference IRS Publication 1771 for more information on record keeping rules and what to include in […]
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While Congress has repealed the expansion of the 1099-MISC reporting beyond unincorporated business through the passing of a bill titled H.R. 4 (for more information, see “President Signs Repeal of Expanded 1099 […]
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GCFA has endorsed a company named Vanco Services which offers electronic giving solutions to United Methodist churches. The United Methodist Electronic Funds Transfer Service (UM EFT) allows members’ contributions to […]
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The Conference does not have a specific recommendation in regards to accounting software, but we have posted a few resources on our webpage to help give guidance to churches in […]
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According to the IRS, all churches should have an employer identification number (EIN) whether or not they have any employees. Each church is responsible for obtaining its own EIN. There […]

