This accounting blog...
Our new Youth Pastor's housing allowance didn't make it in the budget approval prior to the new year, however, we did call a special meeting in January
Review the 3 requirements for accountable reimbursement plan reimbursements to be considered accountable.
Installed a new HP OfficeJet 6978 printer. Also have large Toshiba copier in the office. The HP is set as the default printer, but in check pay the system
Preparing and understanding financial statements for a church or nonprofit.
Aplos Software recommended by FreeChurchAccounting.
Love offerings should follow a guideline to determine if they are taxable to the recipient and tax deductible to the donor.
Our church is planning on allowing a quartet that performs sacred music to hold a concert at the church. The quartet wants to collect a freewill offering.
Youth minister (part-time). Salary is $20,600. Expense allotment is $12,000 (accountable reimbursement). Housing allowance is $8600. Do I do a W-2
We are on a July 1 to June 30 fiscal year. How do we handle the housing allowance? Vickey's Reply: Housing allowance payments are totaled and reported
How to report on the W-2 employee paid 403b and Health insurance payments deducted from employees salary?
We have a retired pastor who receives a small retirement amount that is 100% Housing. He is issued a 1099-R. If we give the reitred pastor a Christmas
Is the proper wording for Box 14 Housing or can Parsonage be used as well? Vickey's Reply: Box 14 is an informational box for the employee (The IRS doesn't
Should the church withhold SS on salary that is not the HA? Should the withholding be reported on the W2? Vickey's Reply: You cannot withhold FICA from
We no longer have a fulltime minister on salary. We have part time speakers who do not serve the duties of a full time minister. Can these part time speakers
I am a Mission Trip Coordinator (and licensed minister). I am not an employee (in the normal sense). I lead 2 a couple 10-day mission trips a year.