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Financial Software for Churches and Nonprofits

News and Tips from Shelby Financials' Product Owner

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Category: Church and Politics

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PPP’s New Rules with Dave’s Revised Worksheet

June 7, 2020June 15, 2020 Alfred Johnson4 CommentsBreaking News, Church and Politics, Church Finances and Procedures, Nonprofit News

Friday, June 5, 2020, President Trump signed the Paycheck Protection Program Flexibility Act, which the U. S. Senate passed with a unanimous vote. There are two major changes. First, the period in which funds can be used has tripled from Read More

19 Senators Encourage Fair Treatment to Churches Seeking Government Loans

May 4, 2020May 4, 2020 Alfred JohnsonLeave a commentBreaking News, Church and Politics, Nonprofit News

While churches remain under attack, it is comforting to know that a group of U. S. senators is demanding fair treatment for faith-based organizations from SBA and PPP lenders. Download your own copy of the letter here

Church & Nonprofit Parking Tax Repealed

January 8, 2020January 22, 2020 Alfred JohnsonLeave a commentBreaking News, Church and Politics

Read the full story of this historic event on ECFA’s site here

Major Court Victory for the Ministers Housing Allowance

March 19, 2019March 19, 2019 Alfred JohnsonLeave a commentBreaking News, Church and Politics, Church Finances and Procedures

This just in from ECFA, Religion News Service, Baptist Press, and other sources. The U. S. Seventh Circuit Court of Appeals has unanimously reversed a 2007 lower court’s ruling that clergy housing allowance is unconstitutional. This is excellent news for Read More

2018 Withholding Statement from the IRS

December 19, 2017January 2, 2018 Alfred JohnsonLeave a commentBreaking News, Church and Politics, Church Finances and Procedures

January 2, 2018 UPDATE Several states have released 2018 withholding updates effective today.  We have updated the Financials Payroll withholding tables including those changes.  We anticipate additional state action and will continue to update the withholding tables as needed.  In Read More

Current Release: 11.1

Current release is 11.1

Release 11.2 is scheduled for 5/27/2021 and will contain new Remittance Sub-activities along with other accounting features

Will continue releasing changes on a frequent basis.

11.2 Release Notes

 

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