To budget well, you need to have a good estimate of what your income is. I show you a systematic way of doing this.
Budgeting: Know your Bottom Line
Tag: Stewardship
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…
Accepting Gifts of Stock
The first stock gift I ever received as a church treasurer was several shares of Coca-Cola Company stock from a wonderful member named Char. Char wasn’t a multi-millionaire. She was just like so many ordinary people that happen to own stocks, bonds, or shares of a mutual fund. You don’t need to have a Bill…
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…
Scammer-Topia is upon us
A lot of businesses are struggling during the COVID-19 crisis. Many people are staying home…either out of work or working remotely? This is a perfect opportunity for one business to flourish…the Email Scammer. Think about it. How many more emails are we sending to the people we work with? How many us are used to…
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…