Finance Topics


Church Insurance

Ross Williams

October 10, 2017

Dear Trustees Chairs, Treasurers, Finance Chairs and Pastors: It is very important that churches carry adequate Property & Casualty insurance on their buildings, vehicles and operations.  This is because one uninsured incident can result in significant financial costs and potentially, the closure of a church's doors.  Being adequately insured is probably the single-most important action a church can take to protect it's assets, it's people and it's ministry from unforeseen events. When it comes...


NY Paid Family Leave Act Update

Sally Truglia

October 05, 2017

Greetings! As promised, this is a follow-up to my email of September 6, 2017, regarding the implementation of the 2018 NY State Paid Family Leave Act.  I've attached materials which I hope will be helpful to you. The first is a comparison chart of the benefits and eligibility for the state Disability law and the Paid Family Leave Act, published by The Hartford Insurance Company. The second sheet outlines the State of New York's tax guidance.  Employees should be notified in advance that you, as ...


AIEM Housing Allowances

Ross Williams

October 04, 2017

Dear Clergy on Appointment in Extension Ministries, We want to ensure that you understand and take advantage of an important tax benefit available to ordained clergy.  Please read the information below on how to set up a housing exclusion so that a portion of your income can be treated as tax-free for federal, state and local purposes.  While you may not be currently serving a “church”, you can still qualify for this favorable tax treatment subject to the rules below.  The most important rule is...


Clergy Housing Allowances

Ross Williams

October 04, 2017

Dear Clergy and Church Finance Leaders: The topic of clergy “Housing Allowances” can be a complicated one, involving specific rules and confusing terminology.  It is also an area that requires action prior to the processing of payroll each calendar year.  So what follows is a summary based upon the many questions that I receive on this topic. The Basics: 1. Section 107 of the Internal Revenue Code permits a “minister of the gospel” to exclude a “Housing Allowance” from income. This Housing ...


NY State Family Leave Law

Sally Truglia

September 09, 2017

Information for UMC Churches and affiliated organizations in New York State Starting January 1, 2018, New York will put in place one of the most comprehensive paid family leave laws in the nation.  The final regulations are still pending and guidelines are just becoming available. However, it’s still important to pass along information about the current NY disability law and its upcoming change. New York is one of a handful of states that require employers to provide disability insurance ...


Discounted Software for Not-for-profits

Ross Williams

February 23, 2017

Dear Treasurers and Finance Chairs (copy to Pastors), I want to let you know about the opportunity to purchase computer software at steeply discounted prices through a Not-for-profit organization called "TechSoup" (yes, it's a very strange name). In my spare time I handle the accounting for a Not-for-profit charitable organization and last year I purchased QuickBooks for only $19.00 through TechSoup.  Microsoft Office is available for only $29.00. These prices represent savings of hundreds of ...


Annual Audits

Ross Williams

February 21, 2017

Dear Finance Chairs (copy to Pastors and Treasurers) The Finance Committee is responsible for ensuring that all financial books, records and bank accounts undergo an annual audit. This is required by the Book of Discipline, which is the governing document of our denomination (see excerpt at end of e-mail).  Included in the audit (or audited separately) would be the transactions of the church's operating account, Board of Trustees, Pre-school (if controlled by the church), Memorial Funds, ...


Sower: Seeds of Faith

Ross Williams

February 07, 2017

Dear Treasurers, Finance and Stewardship Chairs (cc: to Pastors), Please see the information below on an important program being led by Ed Ruppmann.  I am very supportive of this program, which has many benefits and no costs to our member churches or parishioners.  There is no selling of anything here, either at the meeting or at any other time - just free advice from an experienced financial planner who is committed to his faith and assisting the people and churches of the Conference. If ...


Free Finance Webinars!!

Ross Williams

February 03, 2017

Dear Treasurers, Finance Chairs and Pastors, Please take advantage of the following free upcoming webinars: Clergy Income Taxes Church Audits Electronic Giving.   They are made possible by your support of the World Service & Conference Benevolences Apportionment Fund.  Details appear below! Sincerely,  Ross Financial Tips for Clergy: Take the Bite Out of Income Taxes! REGISTER FOR THE WEBINAR DATE: Monday, February 13, 2017 TIME: 10:00am Central PRESENTER: Rev. Don Joiner, Certified Financial ...


Workers' Compensation - Submission Due by February 27th

Ross Williams

January 30, 2017

Dear Church Treasurer and Finance Chair (copy to Pastors), (This communication is also being sent via U.S. mail to ensure receipt) As you may know, the Conference uses an on-line collection system for payroll data, which streamlines the process of issuing accurate bills for Workers' Compensation insurance.  It is now time for churches and church-controlled preschools to report their final 2016 wages by February 27th using this system.  Treasurers have found the system to be very easy to use in ...


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