This accounting blog...
Myth or fact, is the Pastor responsible for any church bank accounts if the church goes bad, audited, go in default?
How should a small church (tithes and offerings less than $75000 annually) handle and report monetary gifts to its pastor and immediate family? The
We pay our ministers certain stipends. We pay a stipend for FICA and one for cell phone use that is included in his income and reported on the W2.
Hi, a member of our church is being audited by the IRS. The member gave the IRS the annual contribution statement that I provided to him. The statement
Does Aplos include software allow scheduling different people (greeter's, band, Sunday School teachers, ect.) on a particular Sunday and show last date
When funds are deposited to the general account, is the opposite entry to an income account? When funds are dispersed from the general account for a fund
We recently know of an elderly couple that asked for benevolence at their church to help repair the a/c unit in their car. They were turned down because
As the Bookkeeper,I do enter the accounting data, write the checks, and reconcile the monthly bank statements for a church thrift store that is a start-up.
My question: Schedule C Expenses must be allocated against tax free income such as housing allowance. Assume the pastor falls within guidelines as self-employed
Can 100% of a pastors income be reported as housing allowance?
Can I issue a donation receipt for a donation of non-cash items in 2019 when the donation will not be received until 2020?
In a previous church as the Business Administrator our system had a fund set up for pass-through monies. For example, Altar Flowers, people paid for them
Our pastor does not receive a salary, he turned it down so that his father (our former pastor) would continue to receive his salary. Recently our new
I'm a pastor and currently receiving a weekly amount for housing allowance. The home I live in is personally owned and not receiving the benefit of a parsonage.
We often receive money for special programs for the community. We also receive money for scholarships to church camps and flowers at Easter and Christmas.
If a pastor of a small church had a housing allowance only for pay (and it was the smallest of housing expenses actually pd, housing allowance designated
Clergy opts of of Social Security, so that does that make the housing allowance not subject to SE tax and ordinary tax? Came across my first clergy client
We began paying our pastor a salary on January 1, 2019. He will receive a 1099 for 2019. At the time, we discussed housing allowance but failed to get
If money is left in yearly expense account for pastor how do we disburse it?
1. What is the accounting entry to record cash received for church building fund? 2. Is this fund reported as income in the income statement?
We have an outgoing volunteer elder/pastor. We thought it would be nice to gift him with $2,500.00 gift. This would come out of our general fund. So,
My organization uses a church building that is offered to us for free. My organization REQUIRES each family to pay a set amount twice a year as a love
An individual is having his 401k make distributions to a church in order to take a charitable contribution but not pay income tax on the distribution.
Our church has semi-annual business meetings--one in January and one in July. In the July business meeting in 2019, it was recommended that the pastor's
How is the best way to handle and record one time large gift. We need to separate it from our regular giving so it does not inflate our future budgeting.
I have been collecting SSDI for 20 years, I have Muscular Dystrophy, I was asked to take over as Sr. Pastor of a small church. The church wants to pay
Church donates a home to retiring pastor, what are the tax consequences to him?
We are paying our pastor a salary and giving a housing allowance. On the contract, do we add both amounts to arrive at his total income or do we only include
Is the pastor still considered an employee of the church if he does not receive a salary, and if he is considered an employee of the church can he be paid
Can a church contribute to a private-owned retirement plan of its pastor without reporting/filing the contributions to the IRS or DOL?