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Church Chuckles


Dear Pastor,

I think a lot more people would probably come to your church if you moved it to Disneyworld.

– Lauren, Age 9

PowerChurch: Extra Income To Report On W-2

December always brings that extra "To Do" list for every bookkeeper - especially when payroll is involved. Being confident that your payroll tax returns and W-2s have been completed accurately is possible! The purpose of this newsletter is to help you identify items that you may not have realized the IRS calls "income", and therefore must be recorded on any payroll returns and W-2s. In addition, we will go over an easily missed section on the W-2.... boxes 12a, 12b, 12c, and 12d.

Review Newsletter #6, "Preparing the 4th Quarter 941 and W2s" to see how to print the W2s in PowerChurch. To learn more about the additional income items, what goes in box 12, and more, read the rest of the article.

Church Accountability: Federal Judge Rules Against Housing Allowance

Our advice to parishioners, churches, and pastors regarding the recent court ruling related to the clergy housing allowance is:

•  While this case works through the court appeals process,      
   nothing has changed. 

• You can continue to use (advanced designated) housing
   allowance as part of the pay package for dual status clergy in
   2014. 

• Retired clergy can continue to designate (in advance) all or part
  of their ministry pension as housing allowance for 2014.

• Contact your Federal Congressional Representatives and Senators regarding this case. Although
  this is not a congressional issue, voicing your opinions to Representatives and Senators about this
  matter could not hurt.

To learn more about the details of the ruling, click here.

Announcing 2014 Seminars!

Please check out our PowerChurch and Church Accountability seminar schedule for 2014!

If you are in a position of financial responsibility for your church you cannot afford to miss these important seminars.

Schedule

Registration

Exclusive Preview of Church Accountability by the Book and PowerChurch Webinar Series

We encourage you to watch a free preview of our webinar series. You can access important information regarding your church finances anywhere, and at any time! These convenient webinars can be viewed as many times as needed throughout the year. Learn more about subscription opportunities for you and your church members!

Like Us On Facebook!

Join our Church Community on Facebook! “Like” us on Facebook at https://www.facebook.com/SummitTaxAccounting to learn how to successfully manage your church finances. We encourage you to spread the good word with your friends and family. Check back regularly for tips on church accounting, best practices, FAQs, and much more!