taxes Archives - Shelby Systems

HOW CHANGING TAX LAWS CAN IMPACT DIGITAL CHURCH GIVING

Today’s post is written by Valerie Russell, Content Specialist for Ministry Brands. We’re fast approaching the biggest and busiest digital giving days of the year. That’s why we wanted to take a moment to review a very important (though often avoided) topic—taxes. In 2017, Congress overhauled the tax code and passed the Tax Cuts and Jobs Act. […]

Wondering about the Nonprofit Parking Tax?

This financial news is brought to you by the Alfred Johnson blog. Our friends at ECFA will be explaining the latest updates from the IRS in this FREE WEBINAR. Source: alfredjohnson.net […]

Court Rules: Gifts to Pastors are Taxable Income

This financial news comes from the Alfred Johnson blog. I suspect that most readers of this blog already know that tax-free income is rare. And, a tax court in Minnesota has ruled that love offerings to pastors must be treated as taxable income. Here is the story from ECFA: A tax court in Minnesota has […]

2018 Year-End Tax Update

This financial news is brought to you by the Alfred Johnson blog. The Financials Release 10.0, which is scheduled for later this year, will contain over 20 year-end tax updates. At the state level, Oregon added a new Transit tax starting July 1 and now the state legislature has decided it should be reported on Form W-2. See […]

Separating Fact From Fiction Regarding the ‘Parking Lot Tax’ for Churches

By Elaine and Frank Sommerville A new definition of unrelated business income created through the Tax Cuts and Jobs Act of 2017 has the nonprofit community, including the church community, buzzing with a mixture of rumors and facts regarding potential new tax liabilities and filing responsibilities. While there are differing opinions on the matter, we […]

Tag: taxes