Church Finances by Nailesh Bhavsar
If you are a church treasurer or need resources from the Newark Presbytery accountant, Mr. Nailesh Bhavsar, you will find resources and content related to want to subscribe to this blog. For more information, contact Nailesh at Presbytery Center, 973-429-2500, x4.
By Nailesh Bhavsar on Thursday, March 11 2010 at 06:42PM
By Nailesh Bhavsar on Wednesday, February 24 2010 at 08:37PM
By Nailesh Bhavsar on Friday, February 12 2010 at 08:06PM
By Nailesh Bhavsar on Thursday, February 04 2010 at 09:00PM
Attached article refers if housing allowance can be used to pay for cell phone expenses. It is viewed as an aggressive tax position.
By Nailesh Bhavsar on Friday, January 29 2010 at 08:20PM
By Nailesh Bhavsar on Monday, December 21 2009 at 05:26PM
2010 Per Capita is $21.50
See attachement for distribution and Per Capita Report.
By Nailesh Bhavsar on Monday, December 14 2009 at 08:23PM
By Kevin Yoho on Monday, December 07 2009 at 03:28PM
Church treasurers and business administrators can now submit salary changes or confirm salaries online through a new feature on Benefits Connect, the
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By Nailesh Bhavsar on Friday, December 04 2009 at 08:10PM
By Nailesh Bhavsar on Wednesday, December 02 2009 at 07:05PM
By Nailesh Bhavsar on Thursday, November 19 2009 at 06:23PM
By Nailesh Bhavsar on Tuesday, November 17 2009 at 07:46PM
By Nailesh Bhavsar on Tuesday, November 03 2009 at 07:37PM
By Nailesh Bhavsar on Thursday, October 29 2009 at 05:40PM
Attached article is useful for congregation for stewardship purpose. It lists out the ways to improve giving, particularly in this difficult time.
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By Nailesh Bhavsar on Thursday, October 29 2009 at 04:06PM
By Nailesh Bhavsar on Wednesday, October 28 2009 at 04:52PM
By Nailesh Bhavsar on Friday, October 23 2009 at 03:45PM
By Nailesh Bhavsar on Friday, October 16 2009 at 02:04PM
By Nailesh Bhavsar on Tuesday, October 13 2009 at 09:17PM
all congregations should have in place ' internal control system' so far the accounting records concerned. Poor system will put the church in difficul
...
By Nailesh Bhavsar on Tuesday, October 13 2009 at 03:27PM
By Nailesh Bhavsar on Tuesday, October 06 2009 at 07:55PM
By Nailesh Bhavsar on Tuesday, September 08 2009 at 08:32PM
attached August 09 detailed report of mission givings.
By Nailesh Bhavsar on Tuesday, September 08 2009 at 07:28PM
attached summary report of mission givings for August 09
By Nailesh Bhavsar on Monday, August 10 2009 at 07:51PM
Attached July 09- summary report of per capita and mission givings.
By Nailesh Bhavsar on Thursday, July 23 2009 at 06:34PM
A useful publication for minister and church treasurers.
By Nailesh Bhavsar on Tuesday, July 21 2009 at 07:56PM
For ministers, be alert as IRS is eying on their tax returns. Please visit the attached site and get upto- date info on these issues.
By Nailesh Bhavsar on Tuesday, July 21 2009 at 07:31PM
IRS reporting requirement for volunteers.
By Nailesh Bhavsar on Wednesday, July 08 2009 at 05:27PM
By Nailesh Bhavsar on Thursday, July 02 2009 at 06:18PM
June 30, 2009 YTD detailed report of mission givings. Please verify report with your records.
By Nailesh Bhavsar on Wednesday, July 01 2009 at 06:57PM
June 2009 summary report of Mission givings.
By Nailesh Bhavsar on Tuesday, June 30 2009 at 02:53PM
This resolution is for housing allowance for Minister. It must be approved by the church board and be a part of minutes before the end of each year.
...
By Nailesh Bhavsar on Tuesday, June 02 2009 at 07:43PM
please see attached report for May 09
By Nailesh Bhavsar on Monday, June 01 2009 at 03:49PM
Attached May 2009- Summary report of mission givings.
please verify your records
By Nailesh Bhavsar on Wednesday, May 27 2009 at 03:51PM
Attached a sample resolution for increase in designated housing allowance for pastor in the middle of the year.
By Nailesh Bhavsar on Friday, May 15 2009 at 02:19PM
Sessions may use the attached Form to record their Mission Pledge for 2009. Please contact Mr. Nailesh Bhavsar, Accountant, for more information.
By Nailesh Bhavsar on Wednesday, May 06 2009 at 07:04PM
The monthly finance team meeting is Wed, May 13,2009 , 4 PM at Presbytery Center.
The agenda includes a conference call with our Fidelity Portfolio A...
By Nailesh Bhavsar on Monday, May 04 2009 at 04:27PM
Attached April 09- detailed report of mission givings
By Nailesh Bhavsar on Friday, May 01 2009 at 05:34PM
please refer attached for any Youth Minister/ Minister willing to buy home for the first time.
By Nailesh Bhavsar on Friday, May 01 2009 at 03:08PM
Attached April 2009 - summary report of Mission Givings.
Pl verify your records
By Nailesh Bhavsar on Thursday, April 30 2009 at 04:13PM
attached 2009 April updated mission pledge report. Still 20 churches has not sent the pledge form. If your church is one of them, pl do so.
By Nailesh Bhavsar on Wednesday, April 29 2009 at 08:15PM
Pl fill out this form and mail to Presbytery. Attn: Accountant
By Nailesh Bhavsar on Monday, April 20 2009 at 07:25PM
Help to financially strapped minister not eligible for charitable deduction.
By Nailesh Bhavsar on Thursday, April 09 2009 at 03:30PM
Attached a brief notes and explanation of various forms and filling date for IRS and NJ state
for year 2009. This would be hand delivered together ...
By Nailesh Bhavsar on Thursday, April 02 2009 at 05:25PM
By Nailesh Bhavsar on Monday, March 30 2009 at 06:39PM
It is employer's responsibility to report on W2 or 1099 of the employee who stole the money if , the employer is certain of identity of embezzler and ...
By Nailesh Bhavsar on Monday, March 30 2009 at 05:33PM
Church operating/controlling a private school must file a certificate of racial nondiscrimination each year with IRS. Please read the attached article...
By Nailesh Bhavsar on Tuesday, March 24 2009 at 06:33PM
please refer attached memo. Any loss or occurrence at the church be promptly notified to the insurer.
By Nailesh Bhavsar on Thursday, March 19 2009 at 06:02PM
You have to withhold 7 % income tax from the unregistered contractors (those not registered with NJ state). Pl read the attached forms to file and pro...
By Nailesh Bhavsar on Thursday, March 19 2009 at 03:20PM
IRSs has published new withholding tax tables. Please refer publication 15-T. visit IRS.GOV website.
By Nailesh Bhavsar on Monday, March 16 2009 at 02:39PM
This is an important legal and tax matter, each church should be aware of.
By Nailesh Bhavsar on Wednesday, March 11 2009 at 04:59PM
All new employees have to file I9 form with employer. It is employer's responsibility to have this form in their records and available for verificatio...
By Nailesh Bhavsar on Wednesday, March 11 2009 at 03:13PM
Still 25 Churches has not sent their 2009 Pledge forms. Please refer attached updated report.
By Nailesh Bhavsar on Monday, March 09 2009 at 04:07PM
By Nailesh Bhavsar on Monday, March 09 2009 at 03:43PM
By Nailesh Bhavsar on Monday, March 09 2009 at 03:42PM
By Nailesh Bhavsar on Thursday, March 05 2009 at 09:25PM
By Nailesh Bhavsar on Tuesday, February 24 2009 at 09:19PM
please refer article on how to handle the suspected cases of embezzlement in the church. This is just a recommended course of action in such cases.
By Nailesh Bhavsar on Tuesday, February 24 2009 at 08:53PM
please read IRS new regulations about church 's leasing space to other groups and its tax effect.
By Nailesh Bhavsar on Friday, February 20 2009 at 04:44PM
Attached Jan 09- detailed report of mission givings.
PL verify your records
By Nailesh Bhavsar on Thursday, February 19 2009 at 04:51PM
attached January 09- summary report of Mission givings.
Pl verify your records
By Nailesh Bhavsar on Wednesday, February 18 2009 at 03:20PM
This is a requirement to withhold NJ taxes at 7% from unlicensed contractors. PLEASE READ CAREFULLY.
By Nailesh Bhavsar on Tuesday, February 17 2009 at 07:17PM
attached 2009 Mission pledge report. If your church has not sent to presbytery pledge form, please mail or fax us immediately.
By Nailesh Bhavsar on Tuesday, February 10 2009 at 07:39PM
attached 2009 per capita list. please remit at your earliest.
By Nailesh Bhavsar on Tuesday, February 10 2009 at 07:37PM
By Nailesh Bhavsar on Thursday, February 05 2009 at 05:16PM
DO NOT WITHHOLD SOCIAL SECURITY TAX AFTER AN EMPLOYEE REACHES $106,800 in SOCIAL SECURITY WAGES. There is no limit on the amount of wages subject ...
By Nailesh Bhavsar on Thursday, February 05 2009 at 03:33PM
please refer attached memo. Be careful that all the figures on W3 must tally with 941-quarterly forms filed with IRS. Any discrepancy will result in...
By Nailesh Bhavsar on Monday, February 02 2009 at 08:23PM
Church be careful while issuing contribution receipts/statements to Donor. Omission of certain statements would disqualify donors to claim tax deduct...
By Nailesh Bhavsar on Monday, February 02 2009 at 07:42PM
For preparing W2, you need to calculate imputed cost of ' gruop term life insurance coverage exceeding $50,000' provided to church staff.
Please ...
By Nailesh Bhavsar on Friday, January 30 2009 at 05:36PM
Attached document refers to taxable fringe benefits to church staff, and church's responsibility to report per IRS rules.
By Nailesh Bhavsar on Friday, January 30 2009 at 05:04PM
Attached Presbytery Investment portfolio as of December 31, 2008.
By Nailesh Bhavsar on Tuesday, January 27 2009 at 07:39PM
Attached year 2008 detailed report of Mission Givings.
Please verify the accuracy of this report with your records.
By Nailesh Bhavsar on Monday, January 26 2009 at 07:12PM
By Nailesh Bhavsar on Monday, January 26 2009 at 06:49PM
By Nailesh Bhavsar on Friday, January 23 2009 at 04:11PM
By Nailesh Bhavsar on Friday, January 23 2009 at 03:28PM
By Nailesh Bhavsar on Thursday, January 22 2009 at 09:25PM
By Nailesh Bhavsar on Thursday, January 22 2009 at 03:24PM
By Deirdre Malloy on Tuesday, December 16 2008 at 07:51PM
Help someone you care about apply for extra help with their Medicare prescription drug costs. Anyone who has Medicare can get Medicare Prescription Dr...