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Q&A: Are Love Offerings Taxable?

Q&A: Are Love Offerings Taxable?

Q: Our church would like to give a love offering of appreciation to key staff members and leaders. If the church collects the offering and distributes it, is the offering taxable income for the staff and leadership team? A: Yes, and maybe no. Stay with me for a second… It is not uncommon for churches […]

Accounting Tips for the Young Minister

For profit ministry is a business that sells a product or service and makes a profit. Young ministers starting for profit ministries generally operate from a do-it-yourself mentality handling everything from accounting to administration. More often than not, they aren’t aware of the consequences of poor bookkeeping or the importance of proper accounting structure. Here […]

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