Church & Nonprofit Tax Guidelines with having a Board Committee.

Settling the biblical tone for financial accountability at the top.

Biblical financial accountability starts with the ministry's board and top leadership and permeates down through the staff. In a church the accountability tone starts with the senior pastor or equivalent leaders.

The important of an Independent Board Committee.

A majority of independent broad members for example board members other than staff member or relatives of staff or the board. This ensures the broad's action are taken without partiality undue influence, or conflict of interest.

Accountability to givers rise with the gift restrictions.

When a giver makes unrestricted gift, the ministry has general accountability for the funds.

The importance of the work of an independent CPA and/or internal audits.

Churches and other nonprofit organizations of a significant size should annually utilize the services of an independent CPA. Large organization with 3 million or more in total revenue should always have an annual audit.

Compensation-settling and related-party transactions.

Ministries should establish policies to ensure that compensation-setting and related -party transaction s are handled with excellence and integrity. Appropriate policies should require board member s without a conflict of interest to set compensation of top leaders and approve related-party transaction only after considering reliable comparability information and documenting to board's review and approval in writing