- Julie James, Partner and Director of Tax Compliance Services - Batts Morrison Wales & Lee, PA
- Kaylyn Varnum, Manager - Batts Morrison Wales & Lee, PA
- Michele Wales, Partner and National Director of Tax Services - Batts Morrison Wales & Lee, PA
- Mike Batts, Managing Partner - Batts Morrison Wales & Lee, PA
This session focuses on fundamentals of federal tax compliance for ministries. Topics include: protecting exempt status; excess benefit transactions; unrelated business income; foreign grant-making; compensation-setting; conflicts of interest and more. Outcomes:
1) Understand the overarching principles of a sound tax compliance strategy for ministries,
2) Evaluate areas where an organization may be able to update or improve current practices, and
3) Implement strategies to reduce compliance risk, and take advantage of tax planning opportunities.
Field of Study: Taxes, Overview, Group Live. Session is worth 6 credits
Julie James is a Partner and Director of Tax Compliance Services for Batts Morrison Wales & Lee (BMWL). Julie also leads BMWL's Charlotte office and provides expertise in several areas of the firm’s services, including assurance, tax, and advisory services. Her experience most recently includes service as the director of finance of the Billy Graham Evangelistic Association, based in Charlotte, as well as a large church. For approximately five years, Julie operated a CPA firm providing outsourced financial administration, tax, and advisory services to nonprofit organizations. Julie started her career with one of the six largest international accounting firms. She has been a conference speaker on nonprofit taxation issues at the regional level and has conducted training for large nonprofit organizations and boards. Julie recently received the Distinguished Service Award for her service on the Standards Committee of ECFA. Julie graduated from Southern Methodist University in Dallas, Texas and is licensed or authorized to practice as a Certified Public Accountant in several states.
- Kaylyn Varnum is a Manager with Batts Morrison Wales & Lee, with expertise and demonstrated skills in tax and audit public accounting services specific to the nonprofit sector.
Michele Wales is a partner and the national director of tax services for BMWL. She has supervisory responsibility for the firm’s tax practice, with expertise in federal, state and local tax issues affecting nonprofit organizations and their affiliates. She is also responsible for training members of the firm who specialize in this area of taxation. Michele has more than 20 years of experience in public accounting, and has also served as chief financial officer for a large nonprofit social services agency and controller for an airplane manufacturing company. She has been a conference speaker on nonprofit taxation issues at both the local and national levels. Michele is a contributing editor of BMWL’s Nonprofit Feature Articles and Special Alert, which provide news related to current developments and perspective on issues impacting nonprofits and their leaders. Michele has previously served on the Board of Directors of a charter school in Seminole County, Florida, and currently serves as a board member and Treasurer of PPP of Orlando, Inc. (the local chapter of the Partnership for Philanthropic Planning). Her community activities include serving as a religious education teacher, Eucharistic minister and ministry team member for her church. Michele graduated with honors from the University of Florida, receiving her bachelor of accounting degree and her master of accounting degree.
Mike Batts is the Managing Partner of Batts Morrison Wales & Lee. Mike has more than 30 years of experience serving nonprofit organizations in a variety of ways. Mike advises nonprofit organizations on matters related to board governance, financial reporting, tax compliance and strategy, risk management, corporate structure, international activities, and related topics and actively engaging in nonprofit legislative matters at the federal and state levels.