Nonprofit and Church Accounting Blog
This accounting blog...
- informs you when any new web pages appear on my site,
- shows you the latest question, comment, or tip posted by readers...(please feel free to browse the questions below and answer the ones you feel comfortable answering),
- let's you know when an error is found in my free financial spreadsheets and how to correct them.
Apr 17, 2018
Can a pastor file schedule c to reduce his earnings for self employment tax purposes?
Should a Pastor file schedule c to reduce his self-employment income by any deductions since he is considered self-employed for social security tax purposes
Apr 17, 2018
Pastor's Severance Pay, reported on W2 in box 1 or box 14?
I'm wondering if a Pastor's severance pay would get reported on their W2 with wages reported in box 1, or in box 14 alongside housing. Thank you!
Continue reading "Pastor's Severance Pay, reported on W2 in box 1 or box 14?"
Apr 10, 2018
What qualifies as "actual housing expenses"
I had all my pay distributed as Housing Allowance & received a W2 showing no wages. I'm trying to determine the actual housing expenses but wasn't sure
Continue reading "What qualifies as "actual housing expenses""
Apr 08, 2018
Reimbursing meals under TCJA
TCJA says that meals are only 50% deductible. Can I still reimburse my pastor under an accountable reimbursement plan for 100% of his meal expense or
Apr 08, 2018
Salary reduction to make church contributions
I want to make substantial donation to my church. Can I effect that donation by not taking the salary budgeted by the church? Can my W-2 income be only
Continue reading "Salary reduction to make church contributions"
Apr 08, 2018
Reporting Housing Allowance
What form do I use to report housing allowance for a bi-vocational pastor that receives no salary (only housing allowance)?
Apr 04, 2018
Withholding on Housing
Can the church elect to withhold FICA taxes on Housing and pay the employer portion on 941 quarterly tax forms and include the housing payments in the
Apr 04, 2018
Expenses as Donations
I'm assuming that if a church cannot afford to reimburse legitimate expenses, the church could make a receipt available to recognize the expense as a donation
Apr 04, 2018
Restricted Funds
Over the past 2 years, we have held several benefit/silent auction signings to raise money for a Van Fund at our church. These monies were donated &
Apr 04, 2018
"Love Offerings" for Guest Speakers, Singers, Musicians, Pastor's Birthday
I am trying to get a handle on how to properly process and record donations/contributions received through special offerings specifically designated for
Continue reading ""Love Offerings" for Guest Speakers, Singers, Musicians, Pastor's Birthday"
Mar 25, 2018
Donations to Church Owned Preschool
If we collect funds for Church owned Preschool, is this considered pass-through income? Or can we call it outreach when the funds are given to Preschool
Mar 11, 2018
Housing Allowance reporting
so when filling out W3 form we wouldn't include the Pastor's housing allowance as wages if all the salary that the Pastor is receiving is the Housing Allowance?
Mar 10, 2018
Housing Allowance is hurting me, I think
My church allocated $20000. towards housing allowance for me, which is my whole salary. It feels like I am paying more because of the self-employment
Mar 02, 2018
Exemption From Self-Employment Tax and Housing Allowance
I just read your article regarding the exemption of Housing Allowance from gross income. I'm a bi-vocational minister at a local church who is compensated
Continue reading "Exemption From Self-Employment Tax and Housing Allowance"
Mar 02, 2018
Is there a Housing Allowance Cap amount?
The IRS site has a Local Standards: Housing and Utilities chart that shows how much you can take as Housing allowance in your state county. If you
Mar 02, 2018
Insurance payments for damage to property?
Our church has recently suffered severe water damage and we are starting to receive insurance checks to help offset the costs of the repairs. How do
Continue reading "Insurance payments for damage to property?"
Feb 22, 2018
Aplos Software for Church and Nonprofits
Discover why Aplos Software, church accounting software, is recommended by FreeChurchAccounting.
Feb 22, 2018
Church Accounting Software Reviews
Which church accounting software is best for your church? See what you need to look for in nonprofit accounting software and what other church administrators are saying about their accounting software
Feb 19, 2018
HA for Youth Pastor approved after the fact...
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
Continue reading "HA for Youth Pastor approved after the fact... "
Feb 18, 2018
Accountable Reimbursement Plan Guidelines
Review the 3 requirements for accountable reimbursement plan reimbursements to be considered accountable.
Continue reading "Accountable Reimbursement Plan Guidelines"
Feb 14, 2018
Money Counts 9
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
Feb 11, 2018
Understanding Financial Statements for a Church
Preparing and understanding financial statements for a church or nonprofit.
Continue reading "Understanding Financial Statements for a Church"
Feb 11, 2018
Love Offerings (Gifts): Taxable or Not?
Love offerings should follow a guideline to determine if they are taxable to the recipient and tax deductible to the donor.
Feb 11, 2018
"Freewill " offering for performing quartet
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.
Continue reading ""Freewill " offering for performing quartet"
Feb 11, 2018
W-2 Form
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
Jan 30, 2018
Non calendar fiscal year
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
Jan 30, 2018
W-2 Reporting
How to report on the W-2 employee paid 403b and Health insurance payments deducted from employees salary?
Jan 30, 2018
Retired Clergy Christmas Bonus
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
Need a Consultation, help setting up an effective Accounting System, or someone to do your monthly bookkeeping?
Quick Links: Home | Blog | Newsletter | Free Spreadsheets
Products: Church Accounting Book | Church Accounting Package | Spreadsheet Package
Support: FAQ | Church Accounting FAQ | Contact
Site/Company Info: About | Terms of Use | Site Map
