This accounting blog...
I need a simple way to record Income (member donations) and expenses for a very small church (less than 50 members.) I am not a bookkeeper in all fairness.
We have one pastor with 3 charges. We are looking having one lead church that pays his monthly salary and then the other 2 reimburse the lead church for
Can I add January 2021 contributions to 2020 contribution report?
I have not been able to find the form to subscribe in order to download free spreadsheet. Can someone help?
Is there some logical reason not to include housing allowance on the W-2 form? I know that the cleric is not required to pay income tax on the clergy
The church gave the preacher the parsonage via a Gift Deed. Value of the house/property is about $215K. At year end, do we need to provide a 1099
Our church for decades has collected a free will offering at the end of the year to gift to our pastor. It does not go through the church books at all,
We were wondering if to try to get more money for our Lottie Moon Christmas offering our church wanted to give a coffee mug to those who give and it doesn’t
Our pastor is not full time and holds another employment. The church gave him a love offering and financial gifts throughout the year that totals more
I am attempting to set up online billing for the majority of our vendors. We have quite a lot and some may not have the ability. I am looking for some
We are planning on renovating the kitchen which would include new cabinets and counters. I have a housing allowance but am wondering if I can make use
See a year end checklist for churches. Includes tasks that should be completed before the end of the year to ensure a smooth transition into the new year.
Clergy tax factors you need to know before setting up your pastor's payroll or to ensure you are doing it right.
For a minister to opt out of social security there are several conditions that must be met before they can file an IRS Form 4361.
I recently left my position as a worship pastor at a church in Maryland and are relaunching a church in Arizona as the senior pastor. In the process,
I'm still unsure about this. I've read quite a few articles and most tend to agree that the love offering donations are taxable income for the Pastor who
If a Pastor is retired from secular work and is collecting Social Security, is he still limited to what the church can pay him without interfering with
We have a new interim pastor who wants $19,000 cash salary, $20,000 housing allowance, and $26,000 deferred compensation. He has set up an account with
I am a commissioned counseling minister and also ordained by a church and act as a pastor with no salary. When I begin a counseling relationship, I take
A local church in mt are gave parishoners thousands of dollars to invest for the next several weeks. Then they give it back, and interest collected goes
My church accepts Tithes and Offering 3 different ways. In person giving during service, through Givelify an online giving site, and through cash app.
We are paying someone to help us with the completion of form 4361. They are asking me to send a 'letter of intent to exempt'. This form needs a signature
Our pastor announced his resignation earlier this month. Our deacon board decided to hire someone to paint a painting of our church as a farewell gift.
How do I obtain a W-2 and W-3 to complete for my pastor? I have signed up thru the IRS several times but it will not let me download the forms. Tired
If each pastor has a credit card in the church's name that is paid for by the church, to be used for church/ministry expenses, is there any reason to also
How should a nonprofit record donations by check, specifically when it is from a joint bank account? Should they be recorded as being from the person who
I had to go back and file my 2018 taxes. I am using H&R Block software. The church I pastored did not report my housing allowance on the W-2, which was
Are there transaction fees for using online giving in addition to the monthly subscription? Many sites charge 2%-5% of the transaction amount plus .30
My husband and I went into ministry 6 years ago. When I filed our taxes with H&R Block, I inquired about why we were paying self-employment taxes. I
Louisiana does not exempt churches from sales tax. Sales tax not collected at time of purchase on items used in the operation of the church such as bibles,