This week our brand new clergy in the Dakotas UMC will be learning about Accountable Reimbursements! If you’re jealous, here’s your chance to experience what they are going through.
If you’re an experienced pastor that needs a refresher, this will be worth the time. This would also be good for a lay person in church finances to understand how your work affects your pastor.
This week our brand new clergy in the Dakotas UMC will be learning about Clergy Taxes! If you’re jealous, here’s your chance to experience what they are going through.
If you’re an experienced pastor that needs a refresher, this will be worth the time. This would also be good for a lay person in church finances to understand how your work affects your pastor.
I love this time of year! I like the cold weather and the smell of tax forms. Before the end of the month, I should have my taxes filed and my withholdings adjusted.
This is the time of year to start thinking about how much you are putting aside for taxes. You can set your withholdings by properly completing Form W-4, but the revised Form is tricky…especially for clergy.
It seems like every year, I have questions about who should get a 1099. Every year, I look up the answer and get that straight in my mind. Every year, I then forget the answer until next year. If you and your church get nervous about getting 1099’s to all the write people, this is for you.
Farmers and Ranchers aren’t the only ones that can give through their business to support the work of the church. Our churches usually have many small business owners that would be overjoyed to use their business to further the work of the church.
Close to 1/3 of people have Traditional IRA’s (Individual Retirement Accounts). If you have people that are giving to your church who are older than 72, but NOT giving through their IRA, they are overpaying their taxes. Here’s how you can help them.
I’m actually not a fan of holding single stocks…unless you’re just planning on donating them. For people like me that instead invest in mutual funds, how can you enable them to give shares of their mutual fund to your church and why is this a good idea?