IRS Mileage Rate for 2020

The 2020 rate for employee use of a personal vehicle is 57.5 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,[…]

What Policies and Procedures Should a Congregation Develop?

Every congregation has financial policies and procedures, both written and unwritten.  Policies clarify expectations and increase compliance among volunteers and staff.  Procedures provide reminders and assist in training.  How can you evalulate and document your financial system?  Which policies (approved by Council or congregation) and procedures (documented) should you have to protect the financial health[…]

Massachusetts Paid Family & Medical Leave – current status

As of October 1, Massachusetts’ new Paid Family & Medical Leave has begun.  Religious employers (including churches, synagogues, mosques, temples) are excluded from the law, but may choose to opt in using a process that has not yet been publicized.  Secular employers have begun withholding the family and medical leave tax from employees.  Some churches may have[…]

New Massachusetts Paid Family & Medical Leave

BREAKING NEWS: As of June 24, religious institutions are no longer automatically included in this program.  More information about how to participate in this potentially valuable benefit will be posted as soon as it is available. The new Massachusetts Paid Family & Medical Leave Act requires all covered employers to notify their workers of the[…]

What is Accrual Accounting?

During the Q&A of a recent webinar, a participant asked, “What is Accrual Accounting?”  It is one of the primary “best practices” for non-profit organizations, since it provides a more accurate assessment of an organization’s financial activity.  A longer explanation is available on pages 59-63 of A Church Finance Handbook, but here is a snapshot: There are[…]