fbpx

Church leaders urged to be wise managers of Lord’s money, educated on tax laws

Facebook
Twitter
Email
Print

It’s the Lord’s money and church leaders need to use it wisely, said Lee Wright, coordinator of church compensation services for the Alabama Baptist State Board of Missions.

Wright speaks on this topic often. In fact, he led 10 “Church Financial Issues” conferences in 2017. He discussed a variety of financial issues in speaking to church leaders during those conferences.

Business mileage deduction. To be considered nontaxable, automobile expenses should be part of a minister’s accountable reimbursement plan. Without such accountability at least every two months, these expense reimbursements are considered taxable income, Wright said. (continued…)

Read more from The Alabama Baptist newspaper – http://www.thealabamabaptist.org/church-leaders-urged-to-be-wise-managers-of-lords-money-educated-on-tax-laws/

More to Explore

Receive New Post Notifications

Share this post with your friends

Share on facebook
Share on twitter
Share on linkedin
Share on print
Share on email

Sign Up For Emails From Us!

Subscribe to receive ministry notifications, updates, and news.