A walkthrough of the EZ PPP Forgiveness application which applies to most churches.
Tag: Legal
Accountable Reimbursements
Another topic I regularly teach is Accountable Reimbursement Plans. I used to think of this as a pretty straight forward topic, but I’m an accountant. I think in accounting rules…debits, credits, etc. The best part of this presentation is that chart for figuring out if mileage is commuting or business. This would also be a…
Clergy Taxes
There are few things more confusing than Clergy Taxes. I do a webinar annually to train new clergy on what they should know about Clergy Taxes. I had the help of a few experienced pastors on this (Jenny Hallenbeck Orr, Karl Kroger, and Jen Tyler). Long story short, Clergy Taxes are so confusing because pastors…
How does my church apply for PPP Loan forgiveness?
A big concern for me with the Paycheck Protection Program loans was how churches would actually receive forgiveness. Churches accepted these loans without knowing what strings would be attached. The good news is that forgiveness is surprisingly simple! If you applied for the loan, watch this now because it will give you ideas on maximizing…
Top 3 CARES Act Benefits for the Individual
Normally I aim for helping church finance committees, pastors, and other leadership. With this pandemic, a lot of energy has gone towards helping the church as a small business, but what about the church as a group of individuals? If you go to long without considering the well-being of the individual, the church is going…
Tracking Expenses for Government Grants
Many churches recently applied for the Paycheck Protection Program through the Small Business Administration (SBA). It’s all well and good to receive those funds, but will you receive forgiveness from the SBA? The forgiveness will depend on your churches ability to properly track expenses related to this program. I used to be an auditor for…
Should my church apply for the Paycheck Protection Program?
Last week the question was: How can churches apply? That was my first thought as I heard stories of churches struggling with the restriction about meeting together as a result of COVID-19. Three days later I started getting the question: Should my church apply for government relief? That’s a good question, and probably a question…