Clergy Financial Resources | ClergyTaxNet.com

Clergy Financial Resources has been the leading provider of tax, payroll and HR solutions exclusively for religious organizations and clergy for over 36 years. Every client is unique, every situation is different. https://www.clergytaxnet.com/

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Continuing Education for Clergy

Clergy Continuing Education Churches should expect pastors to be involved in continuing professional and theological education programs which provide opportunities for personal development, enrichment of devotional life, and growth in pastoral effectiveness and competency. The purpose of continuing education is “professional growth” and “self renewal” as distinguished from program development, vacation, or  pastoral leadership retreats….

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Designate a Clergy Parsonage Allowance

Designate a Clergy Parsonage Allowance (for clergy living in unfurnished parsonages) Designating a portion of salary as a “Parsonage Allowance” provides the single best tax advantage offered to clergy living in a parsonage.  A parsonage and/or furnishings allowance may be designated as a portion of annual salary and may be used by a pastor for maintaining and furnishing…

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How Much Do We Pay Supply Pastors

Payment to Supply Pastors Generally, the payment to supply pastors is $175 for one worship service, and $75 for each additional service/adult forum/Bible study on the same day and at the same location. Travel should also be reimbursed at the current IRS rate per mile, plus applicable parking, ferry, and road or bridge tolls. The payment…

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Clergy Mileage Reimbursement or Auto Allowance

Mileage Reimbursement/Auto Allowance A church and its pastor(s) can work together to maximize the reimbursement of professional expenses, which are typically paid out–of–pocket with after–tax wages by the pastor. These expenses can include mileage, cost of periodicals, books, professional supplies, conferences, etc. Using methods that meet the IRS requirement for “Accountable Reimbursement” plans, a pastor can…

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Clergy Social Security Allowance

Clergy Social Security Allowance The IRS has ruled that clergy are self-employed for purposes of paying social security taxes. This means that they must pay both the employee and the employer share of social security tax under the Self-Employed Contribution Act (SECA). Churches are prohibited from paying FICA tax for clergy but are encouraged to pay…

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Implementation Strategies for Overtime Employees

Implementation strategies There is no one-size-fits-all strategy to comply with these new overtime regulations. Every church will have different needs, but among the options are: Maintaining current salary levels and paying overtime Bumping salaries over the threshold to prevent paying overtime Changing staffing levels to reduce overtime needs Preparing for change If you get started well…

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New Innovative Ways of Tracking of Receipts

One thing you learn over the years is that keeping receipts is essential. Whether it’s to double-check an odd entry in the accounting software or to know you’re covered if the IRS comes calling, you have to have them. Of course, this can create a mountain of receipts every year, so you need a plan…

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All Tax Preparers Are Not Created Equal For Clergy Returns

All Tax Preparers Are Not Created Equal For Clergy Returns It is not unusual for a minister to rely solely on a general tax professional who may or may not specialize in church and clergy tax matters. It is not enough anymore to just ask if the tax preparer does ministers’ taxes, but ask the tax…

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Church Employee Benefits

With the exception of wages and salaries, employee benefits are the primary tools by which churches attract and retain qualified personnel. Most churches voluntarily provide a variety of benefit packages or benefit dollars. Reasons for providing such benefits range from a desire to be competitive in the relevant labor market to a genuine concern for their…

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