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 11, 2021
Social Security tax
Can a church give their pastor who is receiving Social Security and is being paid a housing allowance a personal retirement amount and he doesn't have
Apr 11, 2021
pastor and his wife working together
If a pastor and his wife work together can their salaries be combined and filed together on the pastors w2? Vickey's Reply: No. In no shape or form is
Apr 11, 2021
We have a minister who we pay $250 for each time he speaks at our church, so he is not an employee.
We have a minister who we pay $250 for each time he speaks at our church, so he is not an employee? He has asked that instead of making the check out
Apr 11, 2021
Can you take a housing allowance if you own your home free and clear?
If a pastor owns their home free and clear (no mortgage), is the housing allowance then limited to only the actual expenses - insurance, taxes, utilities,
Continue reading "Can you take a housing allowance if you own your home free and clear?"
Apr 11, 2021
Possession of Reimbursement
If a church reimburses a pastor for the purchase of a computer or any other church related technological device, does that make the computer property of
Mar 29, 2021
Housing Allowance on a Church owned house
We have a church owned mission house. At this time, we have a previous IMB missionary living in the house. He has joined our staff for now and has
Continue reading "Housing Allowance on a Church owned house"
Mar 29, 2021
If Pastor is already gainfully employed full time...
We are a small church and we have a parsonage that we are just remodeling for our new pastor. She has a fulltime job with another company with full
Continue reading "If Pastor is already gainfully employed full time..."
Mar 29, 2021
Clergy housing allowance and SE status for hospice chaplains
I currently work as an ordained hospice chaplain and the scope of the work qualifies me to receive the clergy housing allowance for ordained ministers.
Continue reading "Clergy housing allowance and SE status for hospice chaplains"
Mar 29, 2021
how can church pay social tax for a pastor who only receives housing allowance
We are a brand new church. we only pay a pastor for housing allowance. In this case, how can church report social tax (medical tax) for pastor? or
Continue reading "how can church pay social tax for a pastor who only receives housing allowance "
Mar 29, 2021
treated pastor's pay as regular wage & filed 941
My husband & I started a church years back & in 2020 we decided that he should start receiving a small salary To make long story short, we took out fica
Continue reading "treated pastor's pay as regular wage & filed 941 "
Mar 29, 2021
One Time Gift to a Pastor
If our church wants to give the Pastor's wife a one time gift designated by the Board of Directors from our General Fund but specific offerings were not
Mar 25, 2021
Depreciation on New Sound Equipment
Does one depreciate new sound equipment, total $3,000, but have individual prices? Church Building? I'm new at non-profit accounting and I see no depreciation
Mar 07, 2021
Is approval needed on any unbudgeted items?
Our Ministry Council has no policy on how to manage unbudgeted items and wondered if anyone has a guideline. Do you have a maximum amount that you will
Continue reading "Is approval needed on any unbudgeted items?"
Mar 07, 2021
Minister Housing Down Payment Loan
Our church bylaws provides an incentive of making available a $20,000 loan to help our new pastor purchase a home. The loan must be paid back with interest,
Mar 02, 2021
What tax document do we give at the end of the year for a monthly pension?
Our former pastor is deceased. We give his wife, the former first lady a monthly amount of support. What tax documents should be given at the end of
Continue reading "What tax document do we give at the end of the year for a monthly pension?"
Feb 21, 2021
Health Insurance
We have a new Sr. Pastor coming this May. Included in his financial package is an amount to cover health insurance for him and his family. Is this amount
Feb 21, 2021
Retirement Benefit and Payroll
Should I run the Pastor's retirement that the church pays, through his payroll? Our church provides a retirement benefit for the pastor. The church pays
Feb 07, 2021
Utility/Parsonage Exclusion
My Church gives me a utility/parsonage exclusion. Should that amount appear on the W-2 and where?
Feb 07, 2021
State Employer Identification Number
I am a new treasurer for our church which also has a new pastor. Our church has never given a W2 before. I have a federal tax Id number but not a state
Feb 07, 2021
Amounts excluded from income limited my Monthly amount or annual amount?
If a minister spends more in one month than is designated monthly, can it be considered part of the annual amount and still excluded from taxable income?
Continue reading "Amounts excluded from income limited my Monthly amount or annual amount? "
Feb 07, 2021
Can Box 1 include Housing Allowance?
I have previously read do not include clergy Housing Allowance in Box 1 taxable income so I know that's the recommendation. However, if this does happen
Feb 07, 2021
who needs to sign the letter for taxes purposes regarding a pastors housing?
who needs to sign the letter for taxes purposes regarding a pastors housing?
Continue reading "who needs to sign the letter for taxes purposes regarding a pastors housing?"
Feb 07, 2021
Property taxes of rental house which provides housing allowance
I live in Cook County, Illinois. Our church currently has a pastoral house which provides as the residence for our pastor. However, the pastor desires
Continue reading "Property taxes of rental house which provides housing allowance"
Feb 07, 2021
941 Form and W2 reporting for a Pastor
Our pastor's amount earned is broken down by his salary/insurance/housing. For the quarterly 941 form on line 2 for wages do I include his total amount
Feb 07, 2021
counseling
Our church sent a pastor to a retreat to receive personal counseling and the church paid for it. It is all business (church) related. Is that a taxable
Feb 07, 2021
Small Church & Forms 941/944
We are a very small church with two priests, both part time. We do no withholding of taxes for them but we do do a W-2 for them which is mainly a housing
Feb 07, 2021
Should I file a tax extension?
April 15th 2021 will be the “2 year deadline” for me to file so I will be sending mine in this month (Jan 2021). If it takes longer than 3 months to
Feb 07, 2021
How does a para church organization account for staff who raise their own support?
Is it an option to pay the staff as contractors and issue a 1099 to them? Or do they have to be employees and get W2s? And are there rules relating
Need training on how to use QBO or Aplos effectively for a church or better yet ...need an expert in either of those accounting software to do your monthly bookkeeping and/or payroll? See more on our accounting services!
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
By Vickey Boatright Richardson Copyright © 2008-2021 All rights reserved
