This accounting blog...
In a previous church as the Business Administrator our system had a fund set up for pass-through monies. For example, Altar Flowers, people paid for them
Our pastor does not receive a salary, he turned it down so that his father (our former pastor) would continue to receive his salary. Recently our new
I'm a pastor and currently receiving a weekly amount for housing allowance. The home I live in is personally owned and not receiving the benefit of a parsonage.
We often receive money for special programs for the community. We also receive money for scholarships to church camps and flowers at Easter and Christmas.
If a pastor of a small church had a housing allowance only for pay (and it was the smallest of housing expenses actually pd, housing allowance designated
Clergy opts of of Social Security, so that does that make the housing allowance not subject to SE tax and ordinary tax? Came across my first clergy client
We began paying our pastor a salary on January 1, 2019. He will receive a 1099 for 2019. At the time, we discussed housing allowance but failed to get
If money is left in yearly expense account for pastor how do we disburse it?
1. What is the accounting entry to record cash received for church building fund? 2. Is this fund reported as income in the income statement?
We have an outgoing volunteer elder/pastor. We thought it would be nice to gift him with $2,500.00 gift. This would come out of our general fund. So,
My organization uses a church building that is offered to us for free. My organization REQUIRES each family to pay a set amount twice a year as a love
An individual is having his 401k make distributions to a church in order to take a charitable contribution but not pay income tax on the distribution.
Our church has semi-annual business meetings--one in January and one in July. In the July business meeting in 2019, it was recommended that the pastor's
How is the best way to handle and record one time large gift. We need to separate it from our regular giving so it does not inflate our future budgeting.
I have been collecting SSDI for 20 years, I have Muscular Dystrophy, I was asked to take over as Sr. Pastor of a small church. The church wants to pay
Church donates a home to retiring pastor, what are the tax consequences to him?
We are paying our pastor a salary and giving a housing allowance. On the contract, do we add both amounts to arrive at his total income or do we only include
Is the pastor still considered an employee of the church if he does not receive a salary, and if he is considered an employee of the church can he be paid
Can a church contribute to a private-owned retirement plan of its pastor without reporting/filing the contributions to the IRS or DOL?
What if a church pays a housing allowance, withholds social security and Medicare and match both social security and Medicare? Should the church stop withholding
If the church maintains a separate operating account and an account for the clergy, and upon donation the donor specifies a certain percentage to the operating
Our Women's ministry occasionally buys tshirts, crafts, books, etc. and then they are made available for purchase by the members. When they pay for these
I am in the process of remodeling an old house for my wife and me to live in for retirement. I am presently serving a small rural congregation. The
Donations for flowers. Our church has envelopes at Christmas and Easter for purchase of flowers for the church most of which is not spent. Since envelopes
My church is very small. Both my pastor and I (assistant) are paid housing allowances, but no salary. Our housing allowances are less than our annual
We received donations from church members for a reimbursement of a mission leader appreciation dinner. I do not know how this should be added to QBO!
I am the book keeper for our church and we have a staff member who raises his support through the year. How can I create a paycheck for him in Quick
I am a pastor of a Church through a recognized denomination. I will be installed (commissioned?), however I am not ordained. From what I understand,
Can a Minister include renovation expenses as part of her Housing allowance? Should she use the higher estimate or the lower estimate of the planned renovation?
I see a lot of questions here related to clergy housing allowances and how much should and/or can be applied for a clergy's compensation. My question