Thanksgiving & Gratitude
Heading into the Thanksgiving Holiday, we are now 90% of the way through 2020. Phew, what a year it has been! This year has notably included an added day, a global pandemic, social unrest, social distancing and quarantine, a Presidential election and so much more. With all that has happened it is easy to be overwhelmed, feel defeated and see individuals as the enemy.
But the word of God reminds us that regardless of what we are going through, we are called to be people of thanksgiving.
Fringe Benefits: Personal Use of a Company Car
What comes to mind when you read the phrase, Fringe Benefits? For most, they immediately think of perks received for different jobs. No matter what your initial thought is, most employees are happy to receive Fringe Benefits from their job. Within the tax code the IRS gives room for many fringe benefits that employers seeking to care for their employees can take advantage of.
You Need a Guide
Starting out for a lofty peak, hiking through strenuous terrain, and trekking for days is difficult, that is, if you try and hike by yourself. If along your journey to the top though you had the help of a guide, the unknown road before you becomes much easier to navigate. A guide has been there before, they know the way to safely get to the top, they know nuances particular to the trail you are on, and they won’t let you get very far off trail before correcting your direction.
Wisdom Over Wealth Admits Allison Michaud and Kaitlin DeWitt to the Firm
When to Outsource Your Bookkeeping
Deciding if it is time to outsource your bookkeeping responsibilities can be complex. Your church may have an administrative staff member who helps with the bookkeeping, but the church could be better served by freeing them to focus on ministry tasks rather than bookkeeping. Your church may be a new church plant that finds yourselves overwhelmed with ministry needs and would be better served by having an outside church bookkeeper take that task from your already overcrowded plate. Or your church may have an outstanding church bookkeeper who serves the church well, passionately serves with their gifts, and are an invaluable member of the ministry team.
Appreciating Pastors
FFCRA, Presidential Memorandum & Churches
For the past 5 months church life has looked different. Services and in person ministry have been adjusted, budgets have been reevaluated, and laws affecting employment have become a topic of high interest. In April, Wisdom wrote about some of the items found within the CARES Act passed by both the House and Senate. In addition to the CARES Act, the public has recently seen much about the Paychex Protection Program, Families First Coronavirus Response Act (FFCRA), and the Presidential Memorandum written by President Trump. We have been getting questions regarding what effects the FFCRA and recent Presidential Memorandums will have on churches and want to address those items.
