Verne Hargrave, CPA, of the accounting firm PSK, is continuing his great series on traps that business administrators can fall into. He is offering tips on avoiding the traps.
Previously mentioned this in my post here.
New discussions include:
Getting off on the right foot – hiring right.
Happy together; managing your employees.
Tips for a new hire packet to make sure everyone gets off to a good, legal start.
It’s so difficult to say goodbye – firing right.
When a person just doesn’t fit your organization, it is important to end well. And end legal.
Because of staff size many churches have poor segregation of tasks.
Many churches fail to implement a well defined purchase approval and payment system.
Many churches ignore or do not understand what unrelated business income is.
Many churches think that their state sales tax exemption applies to ALL TRANSACTIONS.
The sales tax discussion obviously focuses on rules in Texas. That actually emphasizes how important it is to understand the rules in your state.
Check out the posts. They are very good. Also reasonably short. You could read one or two on a break. You could go through all of them in a week a few minutes at a time .
You might even think about setting up Faith-Based Accounting on your RSS feed, so you can read Mr. Hargrave’s posts as he releases them.