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There are 6 item(s) tagged with the keyword "finance".

Displaying: 1 - 6 of 6

1. Collect Online Donations? This New Scam Targets You

There’s a new scam in town, and ministries and other organizations collecting donations are the primary target. If your ministry collects tithes or donations, you could be targeted by scammers practicing donation overpayment fraud.

Tags: cyber security, finance, fraud, donations
2. Dual Tax Status: What Does It Mean for Your Pastor?

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.

Tags: church payroll, finance, IRS regulations, paying employees, tax code
3. Does Your Pastor Really Have 99 Kids?

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.

Tags: finance, IRS regulations, tax code
4. Income Tax Results Made You Sick? It's Time for a Checkup.

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.

Tags: church payroll, finance, IRS regulations, paying employees, tax code
5. April is Triple Tax-Deadline Month for Many Ministries

For many ministries and their employees, April is a triple tax-deadline month. Does your ministry have the following dates circled on its calendar?

Tags: church payroll, finance, IRS regulations, paying employees, tax code
6. Financial Red Flags and Proactive Practices

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.

Tags: coverage, protect, liability, damages, finance

Displaying: 1 - 6 of 6