Cox and Associates CPAs

Churches

Clergy Housing Exclusion – An Update

It was a deafening gavel that banged tremors throughout the religious communities in the United States. Last November, a federal judge in Wisconsin sided with an organization called the Freedom From Religion Foundation (FFRF) that filed a lawsuit against the IRS code that excludes clergy from taxes on housing costs received from the church she…

Read More

Safeguarding Church Donations

“It’s hard to believe that someone would steal from a church.” That thought is not uncommon and it’s probably one of the reasons that theft actually happens. When church leaders, ordained and lay, can’t imagine someone stealing from the church, they are likely not to implement financial safeguards and processes that remove the opportunities for…

Read More