It’s time to mail out those W-2s and 1099s again. Yes, it feels like a waste of time and money, but pay attention: The IRS takes this very, very seriously. It’s a January ritual as inevitable as the collapse of New Year’s resolutions: The mailing of W-2s and 1099s. While your employees may regard their…
The 2012 Church & Clergy Tax Guide is now available for shipping. Get a better understanding of U.S. tax laws as they relate to pastors and churches with the 2012 Church & Clergy Tax Guide; learn how tax laws apply to you, how to correctly report your federal income taxes and social security taxes, understand…
At the beginning of January 2012, Clergy Financial Resources completed their move to a new office building in Maple Grove, MN. As Clergy Financial Resources’ business has expanded nationally, our demand for office space has grown beyond the capacity of our current location. Our new office space will not only meet our current needs, it…
The income tax filing season has begun and important tax documents should be arriving in your mailbox. Even though your return is not due until April, you can make tax time easier on yourself with an early start. Here are Clergy Financial Resources’ top 7 tips to ensure a smooth tax-filing process. 1. Gather your…
We are pleased to offer you the chance to discover the power of our innovative Internet-based products. The new 2011 Clergy Tax Organizer Online, a tax preparation guide. Each year we publish a tax organizer for clergy, which is designed to be used as a learning tool and reference guide. This organizer will assist you…
December is a very busy time for churches and clergy. Extra services, Christmas shopping and holiday parties can fill your schedule before you know it. The end of year is an important time of the year for financial/tax issues as well. Here are a few things churches and clergy should be thinking about as we…
The Internal Revenue Service has issued its 2012 optional standard mileage rates that can be used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning Jan. 1, the standard mileage rates for the use of a car, van, pickup or panel truck will be 55.5 cents per…
Here’s a quick checklist of tax savings strategies to consider and apply before the end of December: 1. Make Charitable Contributions and Donations: Generally, for individuals, contributions to tax-exempt charitable organizations are limited to 50 percent of the taxpayer’s adjusted gross income for the tax year. Those unused items cluttering closets can be donated to…
The 2012-2013 Compensation Handbook for Church Staff is now available for purchase. Every church and its employees want to feel confident that their compensation plan is reasonable and fair. Now you can know for sure by comparing your plan with those of thousands of other church workers nationwide. Based on a national survey, The 2012-2013…
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