Dear FBMI Missionary Family, This note is to make you aware of a valuable Christian resource available to you all as missionaries. Widow’s Jar Ministries is on the northeast side of Indianapolis, Indiana. Attached please find their letter o [...]
Sending your receipts for ministry expenses can be challenging, especially when dealing with paper receipts. Here are a few steps you can follow to help make each month’s EOM process efficient and accurate. 1. Each month, make a new folder [...]
In many countries, getting a receipt for small amounts of cash (taxis, vendors, etc.) is difficult because they do not have a receipt book available. Some of our missionaries have created their own blank receipt books and carry some receipt [...]
Receipts are your physical proof that funds were used for a ministry expense. It is your responsibility to ensure that they provide that proof. Every receipt must have four components: Date of transaction Amount of transaction Name of recip [...]
During Missions University, we are planning to hear from accountant Josh Belk. Bro. Belk is the leader of Lodestar Tax & Consulting of St. John, Indiana. He and his coworkers are especially experienced and knowledgeable in areas with specia [...]
Health insurance and related benefits like vision and dental plans are often offered by employers to their employees. Employees are able to pay the premiums for these employer-provided benefits as pre-tax deductions from their gross income. [...]
According to the IRS, “Per diem is an allowance paid to your employees for lodging, meals, and incidental expenses incurred when traveling. This allowance is in lieu of paying their actual travel expenses.” This explains why missionaries a [...]
Dear Friend, We are pleased to be able to partner with the Benefits Office of First Baptist Church to provide a Medical Sharing Ministry option to you. For those of you who are participants in this plan, we wanted to let you know about an u [...]
Whenever you give tithes or offerings to a registered non-profit, you should receive a contribution statement at the end of the calendar year. This statement should then be used to claim your charitable donations when filing your taxes. If [...]
The U.S. Postal Service (USPS) is implementing a price increase for mailing services. Starting July 14, 2024, the new rates will take effect. The price of a first-class mail Forever stamp will increase by 5 cents, from 68 cents to 73 cents. [...]