The Federal Reserve will be closed in observance of Thanksgiving Day on November 28th. Check dates on or after the holiday will be affected. Affected check dates include: Thursday, November 28th Friday, November 29th Monday, December 2nd Tuesday, December 3rd...
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Can a church board amend a minister’s housing allowance?
Question: Our minister would like to increase his housing allowance due to higher expenses than expected. Can our board amend it? Answer: Yes, your church can amend the housing allowance, but you must pay attention to the following rules: Proper authorization: The...
FinCEN Requires Beneficial Ownership Information
As explained in a FinCEN release, the bipartisan Corporate Transparency Act, enacted in 2021 to curb illicit finance, requires many companies doing business in the United States to report information about the individuals who ultimately own or control them. Companies...