Church Payroll

Finally, A Payroll Company Designed for Churches

Selecting a payroll company may seem easy at first. The greatest challenge for the church in selecting a payroll company is finding someone who is truly qualified in clergy tax law and church payroll. Knowledge and experience are critical and ministry leaders must understand these challenges and recognize the need for industry specialists. Clergy Financial Resources has unparalleled expertise on complex issues associated with church payroll, clergy tax law, and clergy compensation.

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The three best ways to contribute to charity
The three best ways to contribute to charity Cash Donations Outright gifts of cash (which include donations made via check, credit card, and payroll deduction) are the easiest. The key is to substantiate them. To be deductible, cash donations must be: Supported by a canceled check, credit card receipt, or... Read More
Tax status of your retirement savings
Tax status of your retirement savings The first step in this process is to analyze the type and tax status of your retirement savings. For this purpose, divide your accounts into three categories: Taxed Later: Traditional IRAs, 403(b), and 401(k)s are types of savings accounts that give you a tax deduction... Read More
What is the Tax Treatment of Forgiven Student Loans?
What is the tax treatment of forgiven student loans? Now that President Biden has announced student loan relief, the state tax treatment of forgiven loans is of interest to many ministers. Ministers who have student loans forgiven are spared a federal tax bill, but not all states treat forgiven loans the same.... Read More
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