"The House of Representatives voted 297-120 Tuesday (Dec. 17) for a spending bill that includes language rescinding a section of the Tax Cuts and Jobs Act of 2017 that requires houses of worship and other nonprofits to pay a 21 percent tax on such employee benefits as parking and transportation." - BPNews
"...the 45,000-church association launched the initiative to help congregations and church boards “show and share God’s love” for their pastors in different ways beyond the church budget. Data shows that about half of pastors in the U.S. make less than $50,000 per year while serving their churches over 50 hours per week." - Christian Post
Read the series.
My wife was in pre-op for delicate tear duct surgery this past Monday. Two surgeons were involved: an otorhinolaryngologist and an ophthalmologist. The younger of the two, the ENT doctor marked Kathee’s left eye – it’s this one. In walked the older of the two1 who announced, “I’m not a surgeon, but I did sleep in a Holiday Inn Express last night.”2 Well, he really is a surgeon and I’m not an accountant and I haven’t slept in Holiday Inn Express in years! But I am resolved to follow GAAP3 and EFCA standards on financial reporting:
ECFA Standard 3 - Financial Oversight:
Every organization shall prepare complete and accurate financial statements. …
The financial statements (and the disclosure of the financial statements) are key components of transparency, both within the ministry and to donors and the public. This flows directly from biblical principles: “This is the verdict: Light has come into the world, but men loved darkness instead of light because their deeds were evil. Everyone who does evil hates the light, and will not come into the light for fear that his deeds will be exposed” (John 3:19–20 NIV).
"The group that brought the federal lawsuit against the cash version of the clergy housing allowance has decided not to appeal the unanimous Federal Appeals Court ruling that upheld the thing. They have a clever title to this news: Appeals Court Blesses Housing Allowance." - SBC Voices