For the first time in tax history, as of January 1, 2010, all non-profits--including religious organizations--, must comply with new IRS 403(b) regulations or risk plan termination, possibly subjecting their employees’ retirement assets to tax, penalties, and interest. Is your ministry prepared? The Summit Center's new 403(b) compliance package will protect your ministry. To find out more information or order the package, click here.
Summit Simulation August 14-15, 2007
May 29, 2008
The seminary faculty will soon be participating in Sweetbriar Baptist Church, the first full-scale ministry simulation produced by CBTS’s Summit Christian Leadership Center. The imaginary church may exist only in an imaginary place (Summitville, Indiana). However, the problems facing the congregation and its leaders are quite realistic.
SCLC Director, Ron Clark has been working hard on the simulation since joining our team one year ago. He has borrowed on the combined ministry experience of all the faculty to create the scenarios students will face in Sweetbriar Baptist Church.
This simulation experience will allow students to demonstrate and receive personalized feedback on critical ministry leadership skills they have been taught during their studies at CBTS. After being tested on the faculty, the simulation will be introduced to students in January 2008.
Effective January 1, 2010 the IRS has set the standard mileage rate for the business (ministry) use of vehicles at 50 cents per mile.
The standard mileage rate is significant for two reasons....
The stock market has taken a large chunk of your retirement assets. DON’T let the IRS take the rest! A New IRS Retirement Plan deadline is coming soon: December 31, 2009.
All ministries with existing...
The Summit Center provides training to pastors, ministry leaders and seminary students in a variety of areas including:
Church simulations--provides students and pastors with real...
A great way to give to the Lord and also save taxes is to donate appreciated stock (stock whose cost is less than its current value) instead of selling then donating the net cash proceeds after taxes.You not...
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