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Village Baptist Church Becomes an ECFA Accredited Organization

BEAVERTON, OR – The ECFA (Evangelical Council for Financial Accountability) announced today the certification of Village Baptist Church of Beaverton, OR.

The Chapel Becomes an ECFA Accredited Organization

BATON ROUGE, LA – The ECFA (Evangelical Council for Financial Accountability) announced today the certification of The Chapel of Baton Rouge, LA.

Eagle Rock Baptist Church Becomes an ECFA Accredited Church

LOS ANGELES, CA – The ECFA (Evangelical Council for Financial Accountability) announced today the certification of Eagle Rock Baptist Church of Los Angeles, CA.

IRS Increases Standard Business Mileage Rate for 2022

In the final weeks of 2021, the IRS increased the standard business mileage rate for 2022. For 2021, the rate was 56 cents per mile. For 2022, the rate is increased by two and a half cents, to a new rate of 58.5 cents per mile.

Employee Retention Credit – Early Termination and Repayment Guidance

Recent legislation retroactively terminated the Employee Retention Credit (ERC) as of September 30, 2021, for all employers not engaged in a “recovery startup business.”

Changes in New York Law to Permanently Allow Virtual Membership Meetings

Governor Kathy Hochul signed legislation in November 2021 that allows New York nonprofit and religious organizations to hold virtual-only membership meetings, and nonprofits to hold hybrid membership meetings (virtual and in-person attendees).

Texas Church Is the Victim of $450,000 Fraud: Lessons Learned and Helpful Resources

Nonprofits and churches are full of selfless workers and volunteers, so it is often difficult to imagine the possibility of financial fraud. However, scandals such as the recent fraud surrounding a Texas-based church can serve as a reminder to the reality of fraud, and the importance of implementing preventative measures and policies.

Practicing Christians Are More Generous Givers, Research Shows

Practicing Christians are 40% more likely to donate to charity than non-Christians, and churchgoers are 75% more likely to donate than non-attendees, according to recent research.

New Infrastructure Law Has Many Implications for Nonprofits

The newly enacted trillion-dollar infrastructure law holds both possible opportunities and challenges for nonprofit organizations. In its wake are numerous pressing matters vying for the attention of lawmakers, including the universal charitable deduction that is set to expire at the end of 2021.

IRS Announces Annual Inflation Adjustments for Tax Year 2022

On Wednesday, November 10, 2021, the IRS announced the tax year 2022 annual inflation adjustments for more than 60 tax provisions. Revenue Procedure 2021-45 provides details about these annual adjustments.

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