Common Church Payroll Errors
Each year sixty percent of the church W-2 forms are reported with errors. This is created by the lack of understanding of the reporting requirements of taxable income, how to handle various housing situations, reimbursement and allowance plans, and the elements of clergy compensation. If payroll and the related taxes are not reported properly or…
Free Church Payroll Audit
What We Offer… A Complimentary Second Opinion Many churches have found errors in or are uncomfortable with payroll returns that they prepared using payroll software or were prepared by another payroll provider. We can provide a second opinion free. Clergy Financial Resources is offering a complimentary 2nd review of your payroll returns, 941 reports, taxable…
IRS Issues Basic Guidance on Payroll Tax Deferral for Churches
The IRS has issued Notice 2020-65 deferring the withholding and deposit of the employee’s share of Social Security (OASDI) taxes on applicable wages. Specifically, the deferral applies to applicable wages paid on a pay date between September 1, 2020, and December 31, 2020. The availability of deferral is based on the date the employee is paid….
Increased Payroll Audits for Churches
The frequency of payroll audits has surged over the last five years and churches are facing increased payroll scrutiny. Most payroll audits have traditionally focused on whether or not a church is misclassifying an employee as an independent contractor, thus avoiding Social Security, Medicare and other payroll taxes. Churches misclassify anywhere from 10 percent to…
Is your church in compliance with current payroll laws?
Make sure your church is in compliance with current payroll laws. Clergy Financial Resources payrolls service now includes a “year-to-date” payroll audit. During our audit, we will review each employee’s compensation to to ensure that everyone is being paid in accordance to Federal tax laws. Clergy Financial Resources is the leading payroll provider for churches….
Outsourcing Payroll Duties Is Becoming The Best Investment For Churches
When it comes to very low value and potentially high risk business activities, doing your own payroll ranks right near the top. Sixty percent of the W2 forms completed by churches are issued in error. Twenty percent of churches pay an average penalty of $845 per year for late or incorrect payroll filings. Many churches…
Payroll for Churches and Religious Organizations
The end of the year is the perfect time to switch payroll companies. Clergy Financial Resources offers an easy online payroll management service that specifically meets the requirements of religious organizations. We have an unparalleled tax expertise on the complex issues associated with church payroll and clergy compensation. Sixty percent of churches do not follow…
Church Tax and Payroll Support
At Clergy Financial Resources, we think our tax and payroll support is just as important as our other services. We offer support plans in many forms and it starts with our very first conversation with you. We give you all the information you need, quickly and conveniently. Church Support has become the most valuable tax…
Church Board Duties
Church Board Duties The start of the year is a good time for church boards to ensure that they have remained compliant with all of their duties to the organization. Of course, church entities are not all structured the same. Some are set up with broad congregational membership authority. Others are largely board governed. There…
Employee Handbooks for Churches
Employee Handbooks for Churches Churches sometimes lean toward avoiding too much formality around hiring practices and employment procedures. There can be a bias against seeming too “corporate” or running the church “like a business.” Heightened formality may seem natural when a church is hiring a previously unknown candidate for a pastoral position. But in other…