In part two of All Things Administration, Neal and Greg continue to talk to CEO and President of the Arkansas Baptist Foundation, Bobby Thomas. In this episode, they continue the framework started in the first episode and build on the fundamentals that all church plants need to know so you can build your plant on steady, financial ground and keep it that way.
What are the basic things churches should have in place in regards to receipting payroll?
What’s the difference between a W-2 and 1099? What is each used for? Who gets what?
What are the basics of issuing your first paychecks as church planters?
When you know you’re going to bring more people on, do you deal with it now or later?
How can you turn things around, if you didn’t start right to begin with?
When you plant a church or create a satellite campus, do you maintain the same tax credentials at the parent church or does that vary in different situations?
What often would you recommend that church plants go back and use the assessment to check their systems?
What do you suggest church planters pay extra attention in times of financial stress, like during the COVID-19 pandemic?
What are some things that are happening at the Foundations to be excited about?
Some Key Takeaways:
Making key decisions early in administration and financial needs is key to creating a functional system and maintaining that system.
As a sponsor church, you have two responsibilities:
Keeping your satellite campus/church plant accountable
Helping to create and train a finance team with those leaders to be able to manage when God provides and people come to church.
Where you can find help when you need questions answered, or to be directed in the right direction:
Your sponsor church
ABSC Church Health and Church Planting Teams
Bobby and his team at the Arkansas Baptist Foundation
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