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Bookkeeping

IRS Mileage Rate for 2024

The 2024 rate for employee use of a personal vehicle is 67 cents per mile. Each year, the IRS releases mileage reimbursement rates for the coming year.  This is the rate that is commonly used by employers to reimburse employees who use their personal cars for business purposes.  If an employer reimburses at a higher rate,… Read More »IRS Mileage Rate for 2024

Year-end Contributions 2023

As the end of the year approaches, it is important to document contributions properly, so that donors may deduct the charitable contribution on their income tax return. The proper dating of year-end contributions involves dates, bookkeeping, and documentation. DATES  For the IRS, it is the date of the check and the date that the congregation… Read More »Year-end Contributions 2023

Splashtop Remote Printing

If your remote printing from Splashtop isn’t working, please see this 9/14/23 post from Splashtop. For the temporary fix, on your home computer, open Adobe Acrobat Reader, choose the menu in the upper left corner, and Disable new Acrobat. Splashtop is working with Adobe to resolve the software conflict.

Year-end Contributions 2022

As the end of the year approaches, it is important to document contributions properly, so that donors may deduct the charitable contribution on their income tax return. The proper dating of year-end contributions involves dates, bookkeeping, and documentation. DATES  For the IRS, it is the date of the check and the date that the congregation… Read More »Year-end Contributions 2022

IRS Mileage Rate for 2023

The 2023 rate for employee use of a personal vehicle is 65.5 cents per mile. Each year, the IRS releases mileage reimbursement rates for the coming year.  This is the rate that is commonly used by employers to reimburse employees who use their personal cars for business purposes.  If an employer reimburses at a higher rate,… Read More »IRS Mileage Rate for 2023

Year-end Contributions 2021

As the end of the year approaches, it is important to document contributions properly, so that donors may deduct the charitable contribution on their income tax return.  This is especially important for 2021, since the CARES Act temporarily allows those who do not itemize their deductions to reduce their taxable income by up to $300… Read More »Year-end Contributions 2021

SBA PPP Loan Bookkeeping

The SBA’s Paycheck Protection Program works through local banks to support small businesses and non-profits with a forgivable loan to cover eight weeks of payroll, rent and utilities.  Each recipient will be required to document the use of the funds in order to seek forgiveness of the loan.  Step-by-step instructions for QuickBooks entry simplifies the reporting:… Read More »SBA PPP Loan Bookkeeping