QuickBooks 2020

If you’re using QuickBooks 2017 or earlier, you may have received notices about your software support being discontinued at the end of May.  Support for QuickBooks 2017 will end on May 31, 2020.  What’s the cheapest way to update?  If you are not using the payroll features, the older versions will continue to function.  However,[…]

Paycheck Protection Program

The third legislation, the CARES Act includes a program that provides resources for small businesses and non-profit organizations to keep their employees on their payroll.  The funding is in the form of a loan that will be forgiven if it is used for payroll and eligible expenses during the eight weeks after the loan is[…]

Families First Coronavirus Response Act

The first legislation to address the current pandemic dealt with preparedness and federal agencies.  The second bill, the Families First Conoravirus Response Act, requires all employers to offer up to two weeks (80 hours, or a part-time employee’s two-week equivalent) of paid sick leave in certain situations from April 1 through December 31, 2020 when[…]

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[…]