Will 2022 be a better year for you than 2021 was? As we all know, prosperity and success are not merely matters of chance, but also strategy and planning. Youngadultmoney.com suggests 100 goals for a great New Year.
Here’s a checklist for closing out the books for 2021
The end of the fiscal year and tax year is just weeks away. How is your church preparing to meet the legal requirements and standard good bookkeeping practices? This checklist from CapinCrouse can help you stay on target! (Photo: kenteegardin, Creative Commons)
Remember the $600 charitable deduction
For 2021 the IRS is allowing charitable deductions of up to $600 for taxpayers who take the standard deduction when filing taxes. Ordinarily standard-deduction filers cannot claim a charitable deduction. The IRS explains. (Photo: 401(k) 2013, Creative Commons)
Four ways to end the year on a financial high
Most church leaders know that year-end offerings account for an outsize portion of church income. With planning and strategizing, your congregation can make the most of the year end offering boom. From Church Law & Tax. (Photo: Steve Jurvetson, Creative Commons)
Try a narrative budget for your church this year
People’s eyes generally glaze over when they see a church’s line-item budget. What do all those numbers and categories mean? It’s daunting! A narrative budget helps explain finances in a way people can readily understand … and get behind! From the Center on Faith and Giving.
Bring more transparency to your congregation’s finances
The good news: Charitable giving is on the rise. The bad news: Giving to faith organizations is on the decline. What can religious leaders do to help? Perhaps more transparency would help. This resource from Luther Seminary explores.
‘Sabbath economics’ stresses manna over mammon
As individuals and families, we can find ways to use our money for the general good, and not just our own. Faith & Money Network talks with a thirtysomething couple that has found fulfillment practicing “Sabbath Economics.” (Photo: Maitree Rimthong, Pexels.com)
Put transparency in your congregation’s finances
Statistics show that overall charitable giving is going up, especially in areas of public benefit and the environment. Yet giving to religious organizations is declining. What are we doing wrong? Author and Yale Divinity teacher Jim Elrod suggests churches adopt greater transparency. (Photo: Claire CJS, Creative Commons)
10 things your church should know about cryptocurrency
As if the world’s financial system was not complicated enough, now there’s cryptocurrency. And what if someone makes a donation to your congregation in Bitcoin? Ken Sloane of the United Methodist Church gives a good overview of cryptocurrency for church leaders.
Are you financially ready for retirement?
It’s never too early to get your financial ducks in a row for retirement. And the good news is it’s never too late to continue. This article from Today’s Christian Woman tells you how to prepare for retirement no matter what your age. (Photo: Pug50, Creative Commons)
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