I have been the treasurer for my church for the better part of 10 years. It is an important job but one that requires a certain amount of specialized knowledge to do it properly which makes it very difficult to ever move out of the position. Having a firm like OSA&C to step in and do the detailed work allows our church finance committee to focus on making the decisions that are best for the church and not be concerned with the details of the books. What a relief!
William S. Hart, CFP, MBA
Retirement Strategies, Inc.
We recently posted Part 1 of Employer Payroll Taxes 101, which discussed general rules and regulations for employers and their payroll taxes. Houses of worship are, of course, a different kind of employer, and, as such, handle some aspects of payroll differently than other businesses First, members of the clergy are generally “employed” by the […]
In this final post of our discussion on church audits we’ll look at the fundamentals of an internal audit committee meeting. In our last entry, we discussed the formation of this team to properly prepare your church for an internal review of fiscal accountability. After assembling the necessary records for the meeting, the typical question […]
