Church Finance
Are your church finances in order? Is your church audit-ready? Secure your church’s financial health now!
In recent years, both large and small churches have faced increased financial scrutiny, with mega-churches often making headlines. However, it’s crucial to understand that IRS audits can also affect smaller churches. At Dynamic Business Consulting Solutions, we provide tailored accounting services for churches designed to ensure your organization’s financial success and compliance. Our expertise in church financial management helps protect your organization and prepares you to navigate these challenges effectively. Let us assist you in proactively managing financial risks and ensuring your church’s continued success.
How We’ll Empower Your Church: Our Game Plan for You
Accounting & Bookkeeping Services: Get real-time insights into your church’s finances with our services, covering everything from daily or weekly income tracking to bill payments.
- Audit Your Programs: We’ll conduct a comprehensive church program audit to ensure you have the necessary documentation to support your tax-exempt status, safeguarding your organization.
- Board Collaboration: Work closely with your Board to implement best governance practices and maintain due diligence, ensuring effective non-profit board management.
- Records Retention Review: Evaluate your records retention policy and ensure your document storage system is compliant with best practices and regulations.
- Worker Classification: Prevent IRS issues by ensuring your paid workers are accurately classified as either contractors or employees.
- Payroll Tax Assistance: Receive expert help with payroll tax filings to maintain compliance and avoid penalties.
- Unrelated Business Income Review: Identify and address any unrelated business income that requires reporting to protect your church from potential filing issues.
- Information Filing Compliance: Ensure that your information filings are up-to-date. While churches are generally tax-exempt, failure to file annual returns could jeopardize your nonprofit status.
- Pastor’s Salary Structuring: Optimize your Pastor’s salary to maximize housing allowance benefits, even in the absence of a church-owned parsonage.
- Accounting Policies Review: Review your accounting policies and procedures to ensure proper separation of duties and accurate financial record-keeping.
- Counting and Collections Procedures: Develop counting and collections procedures to ensure maximum protection of church assets.
- Financial Statements Preparation: We prepare transparent and accurate financial statements to reflect your church’s financial health.
- Staff Training: Offer comprehensive staff training and resources to ensure compliance with GAAP and provide full-service accounting support as needed.
These services are designed to help your church maintain financial health, compliance, and organizational integrity.