It’s been a busy year for faith-based organizations across the U.S.
There’s a lot to keep up with as you further the mission of your church locally and globally—and we’re fast approaching the biggest giving days of the year. That’s why we wanted to take a moment to review a very important (though often avoided) topic—taxes.
In 2017, Congress overhauled the tax code and passed the Tax Cuts and Jobs Act. The new tax changes are the most momentous in 30 years, and the entire tax bill is a whopping 479 pages. While some changes won’t affect parishes or your parishioners, others could significantly impact your giving numbers and admin responsibilities.
In order to gain a better understanding of the new tax laws and their impact on churches, we had a conversation with Bryan Baughman, a CPA, and partner at PSK that provides audit and accounting services for faith-based organizations.
We have uncovered some tips to help you to better prepare for the New Year. Click below to download your complimentary copy.