2020 has been a year for the record books. Thankfully, we have made it to the last few weeks of 2020. As we prepare for a new year, there are a few financial items churches should do now to begin 2021 on the best foot!

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.

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.

Every October, churches across the United States make a point of appreciating the pastors in their congregation, those that give of their lives to serve the church. These celebrations include cards from parishioners, and gifts of many kinds.

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.