Company Info
Clergy Financial Management
Clergy Financial Management is a benefit planning organization serving the clergy and churches in 50 states. We have a very strong commitment to the religious community and an established reputation for quality products and services.
We will use integrated planning to reach predetermined short and long term goals and objectives. Our goals and objectives are to teach some basic principles and techniques to provide technical guidance, to determine the eligible tax benefits that clergy are not utilizing at this time, to help reduce and minimize their tax liability, to develop a supplement to their current benefit programs, and to inform them of different ways of becoming a better steward of their money.
It is important to set up a compensation package in such a way to maximize possible exclusions, benefits, and to reduce deductions as much as possible. Thus, churches and clergy should consider alternative planning, especially in matters of compensation. The new tax laws may in fact be a reduction of the tax rate, but it most certainly will not be a reduction in the tax bill paid by many people.
The basic parts of a financial foundation is not the amount of money you have to invest, but the patience, self-discipline, long term perception, goals that provide direction and purpose, and the longevity of investments. With this basic understanding, clergy do not need to fear their financial future. If our guidance helps the clergy to better understand where they are, where they are going, and the steps to get there, then we have achieved the beginning steps towards a successful financial future.
Clergy Financial Management represents many companies and are beholden to no particular company. This allows us to recommend more alternatives and offer a larger line of competitive products. Our portfolio of plans offers a program for every need to help clergy and churches take advantage of tax regulations, unmatched in safety, flexibility, price and performance.
Financial PlanningAs with any great team, the mission of Clergy Financial Resources, Clergy Tax Net, Clergy Financial Management, and Clergy Financial Mortgage has been and will continue to be dedicated to meeting the unique tax and finance needs of today's religious professional.
No matter where you reside, we are available to serve you.
Should you have any additional questions, please feel free to contact us.
We look forward to working with you in the future.
Church and Clergy Benefit Plans
Clergy Reimbursement Plans
If a professional reimbursement plan meets all the IRS requirements for an accountable plan, the amounts paid under the arrangement are excluded from the minister's gross income and are not required to be reported on his or her Form W-2.
Cafeteria Plans
Cafeteria plans are an innovative, new way for you to save tax dollars while receiving the best in fringe benefit plans. By participating in your church's cafeteria plan, you can choose the benefits that you most need and want from a "menu" of benefits.
Housing Equity Plans
Housing Equity plans can defer, tax free, a portion of the minister's compensation that can be used later for housing.
Rabbi Trusts / Deferred Compensation
Rabbi Trusts/Deferred Compensation plans will allow your congregations to defer a portion of the minister's compensation until a later date.
Salary Package Design
The proper combination of your salary package can often reduce your tax liability with little or no cost to the congregation. This is one area that should never be overlooked.