This accounting blog...
A member in our church has his private ministry to the marginalized but has no NPO. Can our church or NPO receive donations for this guy’s ministry and
We started our pledge campaign for the upcoming July - June fiscal year (it is now May). We are receiving donations for these future pledges, most are
Church embezzlement is on the rise. Learn what you can do to protect your church against this financial crime.
In a situation where our pastor has an agreed upon housing allowance, but the church also has a budget line where we pay his utilities. Should the utilities
I recently qualified for housing allowance and have my mortgage set up under a 1st position/lien HELOC. I would guess the interest payments on the HELOC
Our part-time clergy receive their full pay as designated HA. My understanding is that it is NOT included in the wages reported on our Qtrly 941s.
Does my church have to file a 990-T or any tax form for profit from an investment used to further its nonprofit mission?
I am employed by my church as the senior pastor. For nearly 30 years they have outright paid for my health insurance plan. I am turning 65 and the church
If a Minister retires from the Govt/Military (was a military minister) and receives a 1099-R for retirement pay, but then starts a second career as a minister
I am a tax professional who does many clergy tax returns and think I know all the rules but... Several years ago I had a client start teaching at a
I would like to make sure I am completing my quarterly 941 correctly with regard to our Pastor's compensation. Here are sample (not actual) amounts:
I use QBO for our church accounting. I need to transfer funds from our general fund to our designated building fund. I use classes in QBO. Both funds
The pastor is an employee of the church but he receives donations outside of his W2. Shouldn’t the pastor receive a 1099 as well?
The church has one EIN. One accounting firm will file 941 for the church's mission employees. A second accounting firm will file a 941 for the church's
This past year, a new member started designating gifts to our two pastors each week. One is a close relative to whom he gives a couple hundred each
Last yr the Pastor was part-time and not yet qualified as a licensed pastor, so he got a housing allowance and Fica was taken from his wages which the
One accountant stated that the allowable business reimbursement arrangement for the pastor could be used to cover medical expenses. The church provides
My denomination designates my pension as housing allowance and has an IRS letter confirming that designation. Beginning in June 2020 we live full time
We have a part-time associate pastor who we are looking to convert to hourly (rather than PT salary). Currently, a portion of his salary is allocated as
Our new pastor lives in a different city from where our church is located and drives here for the weekend and stays the weekend in our church-owned parsonage.
We are commissioned missionaries that could claim a housing allowance, but are being told we need a certificate/letter with details of our commissioning,
we are a small Wisconsin Church and we are looking to pay a women about $200.00 per week for secretarial work as a non-employee. what must the church
I am an ordained minister and part of my compensation plan agreed upon in June 2021 was to move half of my pay to a housing allowance amount. My paychecks
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.
Are premiums paid by church, paid directly to the insurance company, for a Pastor's individual (not group) life insurance policy considered taxable income
Misclassification of workers is a big issue with many small churches and nonprofits.
I am moving to a congregation that is providing a monthly salary of $4200. I have some disability income, social security as well as my wife works and
We hired an interim pastor who resides out of our area. He is requesting that based upon the fact that his employment will be less than 12 months, an
We have several temporarily restricted accounts, for example Youth Summer Trip where the money is designated (NTD) towards a youth trip and the costs for
Enjoyed reading your useful advice for pastors. I’m a retired pastor who still evangelizes, disciples, counsels, mentors, consults, and coaches a minimum