May 19, 2016
New Overtime Laws Could Affect Church Employees
The US Department of Labor announced that they had finalized a new law that has extended overtime benefits to nearly 4.2 million working Americans.Starting December 1, 2016, salaried employees that make less than $47,476 ($913/week) per year will be eligible for overtime pay if they work more than 40 hours... Read More
April 8, 2016
How Can Clergy Pay Estimated Taxes?
How to pay estimated tax.You normally make estimated tax payments four times a year. The dates that apply to most people for 2016 are April 18, June 15 and Sept. 15. There is one last payment on Jan. 17, 2017.You can pay online, by phone or from your mobile device.... Read More
April 7, 2016
Is your Gift Taxable?
If you gave money or property to someone as a gift, you may wonder about the federal gift tax. Many gifts are not subject to the gift tax. Here are six tax tips for gifts and the gift tax.Nontaxable Gifts. The general rule is that any gift is a taxable... Read More