Unreimbursed Professional Clergy Expense
If your church does not reimburse you for your out-of-pocket ministry-related expenses, you can deduct them on your return. They are deductible only if they are ordinary, necessary, and reasonable ministry expense. Please find a few examples below. Ministry-related travel, transportation, meal, and entertainment expenses Professional liability insurance premiums Computer or cellular telephone your church…
Protect yourself from identity theft
Tax season is upon us with tax forms arriving in inboxes and mailboxes. Tackling your 2016 tax return may be a dreaded chore (because of complexity or the prospect of owing additional tax) or a welcome event (because you are due a refund). Either way, getting started early may help make your tax-filing season less…
Take the First Step Towards Paperless Payroll
Paper checks are expensive. And with the average church is spending about $30.11 on employee compensation for every hour worked, there’s a good chance you’re spending more than you need to on payroll. Online payroll and direct deposit is the way of the future for payroll services. To evaluate the potential benefits, here are some questions…
Become a Member
Membership Benefits Ask a Tax Pro Members receive 5 free questions each calendar year. Researching a tax issue on your own takes time and can leave you wondering if you’ve got the right answer. Turn to Clergy Financial Resources to save time while getting the correct answers. When you need an answer, our support staff is ready…
How Much Time Do You Spend Searching For HR answers?
Time Savings With Quick Access to Resources By having the HR Support Center as a resource, churches can save hours of time by having quick access to content, templates, checklists and documents that are built and frequently updated by an in-house team of certified HR Professionals. Getting On-Demand HR Advice & Custom Documents Churches who have…
The Most Common W-4 Questions
In many cases, you probably don’t even think about it past your first day of work. But then something happens – you get married, start a new job, ordained or licensed, have a baby – and you need to take a closer look. That’s when your mind starts scrambling with questions. Below, you’ll find the…
Where’s My Refund?
The Where’s My Refund? tool is where taxpayers can check on the status of refunds, will be updated on Saturday, February 18 for most early filers. The IRS said Tuesday that the page will be updated with projected deposit dates for early EITC and ACTC refund filers a few days after Wednesday, February 15. Due to differing…
Is it mandatory for employees to sign their timesheet?
We have employees that submit timesheets. Is it mandatory that they sign them? It is not a requirement that timesheets be signed. We recommend that employees acknowledge that their time records are accurate, either by signing them or by some other submission and acknowledgment method or technology. Having employees review and approve their timesheets prior…
Don’t Fall for Scam Calls and Emails Posing as IRS
Don’t Fall for Scam Calls and Emails Posing as IRS Scams continue to use the IRS as a lure. These tax scams take many different forms. The most common scams are phone calls and emails from thieves who pretend to be from the IRS. Scammers use the IRS name, logo or a fake website to…
Why You Should (and Shouldn’t) File Your Own Taxes
There are several important factors to consider once you decide to file your own taxes. Unless your income and filing status remain the same every year, your tax situation is always changing. If doing the books, tracking the numbers and tax laws aren’t your forte, then professional guidance can be beneficial. While we are slightly partial…
