Form 1099s are due on February 29, 2012, for the 2011 tax year, and churches that need to issue these forms should take note this year: a failure to send them on time has doubled from $50 per form to $100 per form.
Church Business: January 2012 Archives
Form 1099s are due on February 29, 2012, for the 2011 tax year, and churches that need to issue these forms should take note this year: a failure to send them on time has doubled from $50 per form to $100 per form.
Let's assume you've decided to have your tax return prepared by a professional. The next step is to find someone who is experienced and competent in the preparation of ministers' tax returns. Here are some tips to help you find such a person:
Vonna Laue, a partner with Capin Crouse and an Editorial Adviser for Christianity Today's Church Management Team, discusses why financial transparency creates a more trustworthy financial department for your church.
Pastor G is the senior pastor of a church. The church has three other paid staff members. Pastor G is paid a salary plus a housing allowance, and the church pays for his medical insurance and reimburses his business expenses under an "accountable" reimbursement arrangement.
Tips to keep church cards safe from misuse.
Credit card fraud costs cardholders and issuers hundreds of millions of dollars each year. While theft is the most obvious form of fraud, it can occur in other ways. For example, someone may use your card number without your knowledge.
