Question: Do we need to report sales tax for book sales and breakfast sales?
Answer: That depends...for books, if you are simply collecting cost for a book then the answer is "no." If you are selling the book for a profit then the answer is "yes"...if you have an area on site to sell books from then the answer is a definite "YES." For breakfast sales, if you are selling breakfast items that are priced seperately then the answer is "yes"...if you are charging admission to an event and food is served then "no." There is also no contribution credit given for either.
Blog Author
- C. Paul Glenn
- is the Executive Director of Finance & Operations at Grace Covenant Church in Cornelius, NC. He is also Chairman of Harvests of Hope Int'l. He has an accounting degree from Oral Roberts University and has been married to Susan since 1989. They have two children. Prior to ministry Paul packed a wealth of experience into his career path which includes positions as a public accountant, a financial analyst, a controller and CFO, as well as a management consultant. His pastor’s heart guides a passion to oversee the business aspects of ministry to (1) see the lost find Christ and (2) to allow other pastors and leaders to more freely shepherd their congregations. He regularly consults churches regarding his unique insights on church construction and is also coaching and mentoring over 120 churches in aspects of administration. Working with a team to found Harvests of Hope Int'l he now has the privilege as its Chairman to bring hope to families affected by HIV/Aids throughout Africa.
Thursday, July 31, 2008
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