There are 6 item(s) tagged with the keyword "finance".
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Not only can summer heat be uncomfortable, but it can also pose a threat to your health. The heat can be especially dangerous for the elderly and for infants. Regardless of your age, don’t let the summer heat get the best of you!
Under federal law, most ministers have dual tax status. Dual tax status means a minister is an employee of the church for federal income tax purposes, and self-employed for Social Security and Medicare taxes. Here’s what you need to know.
Submitting an accurate Form W-4 is important, so unsurprisingly, an inaccurate claim can have serious consequences. Some ministries are claiming 99 dependents on their pastor’s Form W-4 to ensure that a pastor’s pay is not subject to federal income tax. Learn more about why this and other inaccurate claims should be avoided.
Back when you started your job, you likely filled out a Form W-4. Since then, life has changed—possibly with a marriage, a new child, or a raise. Now that income tax filing season is over, did you end up owing taxes, when you expected a refund? Or perhaps you experienced month-to-month budgeting issues, because too much was being withheld from your wages.
For many ministries and their employees, April is a triple tax-deadline month. Does your ministry have the following dates circled on its calendar?
Financial dishonesty can happen anywhere. Churches and ministries are especially susceptible to issues of financial dishonesty involving theft from ministry accounts. Regardless of the size of your ministry, it’s always important to be aware of “red flags” and take steps to promote financial accountability at your church or ministry.
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