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Month: June 2012

Trap #5 Business Expense Reimbursements

One of the biggest pains in the neck for church administrators is managing expenses incurred by employees (primarily ministers) on behalf of their church. Many ministers are very good about asking for the reimbursement but very deficient in sticking to accountability requirements. In spite of knowing that expenses reimbursed without accountability MUST be reported as […]

Written by ThriveAdmin on June 29, 2012

Trap #4 Operating in the IRS and State & Local tax worlds without knowing the rules. (Part 4)

Many churches pay little attention to the concept of “reasonable compensation”. Nonprofit organizations, of which churches make up by far the largest percentage, must serve public interests not private.  As a result, an individual should not receive assets from a nonprofit entity simply because they have a significant relationship with the charity.  If this happens, […]

Written by ThriveAdmin on June 22, 2012

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3001 Medlin Drive, Suite 100 Arlington, TX 76015
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