CPA Michael Batts has a story to share with us this week:
Once upon a time, there was an ogre named UBI, who lived in the dark forest of taxes. According to legend passed down from one generation to the next in the village, the ogre would descend upon any church in the village that dared to generate revenue from any activity other than offerings. It is said that the ogre would savagely rip the tax status away from the church and occasionally eat the church leaders involved in the activity.
Worst of all? “Given the terror associated with the legend, no church ever dared to engage in any such activity,” Batts laments. “Indeed, the fear of UBI was great.”
But it doesn’t have to be that way—this story can have a happy ending. The ogre (unrelated business income, if you haven’t guessed by now) gets its power mostly from misunderstandings and myths. Church leaders need only learn how to separate fact from fiction, and that’s what Batts will do tomorrow when he joins me for a free webinar.
Register now to find out how Batts debunks five misunderstood aspects of unrelated business income.
Also this week:
- #ChurchToo revealed sexual harassment in church offices is a problem. Help us understand it better through this survey as we aim to help churches address and prevent it.
- Tax season is underway—get up to speed on the key developments affecting churches and clergy.
- Why a North Carolina churchgoer’s conviction for violating the state’s anti-stalking law was reversed.
The Lord bless you and keep you,
