The All New Audit

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Audit™

A Nonprofit Compliance Audit System

Stay Aligned with the Latest Tax Laws

Most are unaware that under Section 7611, the IRS has the authority to audit churches that are incorporated, unincorporated, 501(c)(3) or not. When the IRS audits a church, the last thing they look at is income and expenses. Since churches are tax exempt, the IRS does not need to look at the financial reports to see if you missed something for tax purposes. They check mostly for violations of Sections 4958, 107, 62(a), 501(c), 170, 105(b), 6721 and many more. In fact, there are over 250 sections of the code that will pertain to churches and the way they ought to manage themselves. This program covers 53 steps that you need to take to make sure your church or ministry has done everything according to all pertinent IRS codes. Everything is covered; from minutes to reimbursements, honorarium letters to guest speakers, salary agreements, W-2's, 1099's, and board of directors and much more.

When you look at the number of state and federal regulations that govern the way churches and ministries conduct their business, it is no wonder why CPA firms charge thousands of dollars to do nonprofit compliance audits. For a mere fraction of the cost of a CPA, our newly released version of Audit™ can ensure that everything your church does is in accordance with the latest laws while maintaining your scriptural convictions.

Board Of Directors

Both the state and the IRS have specific requirements that you must follow regarding the board of directors in order to stay compliant. Audit™ ensures that you meet all of these requirements. This program teaches you everything you need to know about a balanced board, disqualified members, and voting quorums, etc.

Corporate Policies

Corporate policies help govern your church in a manner consistent with IRS rules and regulations. Each church should have policies like reimbursement, compensation, lending, conflict of interest, benevolence, anti-terrorism, cell phone, credit card use, etc. Audit™ includes samples of each of these policies for your convenience and compliance.

Organizing Documents

The articles of incorporation and bylaws are the two most important documents for your church. Do you know if your organizing documents include the necessary wording to uphold your nonprofit status? Even more importantly, do they contain the protection against the latest public policies that have been implemented? Audit™ covers a number of issues within your bylaws regarding licensing and ordination, doctrines and beliefs, member privacy, and code of discipline.

Donations

One of the most common areas of non-compliance among churches is mishandling donations. There are special rules for donations of $250 or more, love offerings, non-cash donations, contribution reporting, and pass-through gifts. Audit™ includes the policies and procedures you need to properly handle donations and to protect your church.