Episodes
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In this quick bonus episode, I briefly discuss the newest update in the DOL's Salary requirement change and what the TX Federal court decision means for you and your church.
xo,MichelleNext Steps:Click below to learn more about me and my current offers
https://my.linkpod.site/MBrownEADisclaimer: The information provided in the Church Finance and Minister Tax podcast is for general informational purposes only and is not intended as legal advice. The content discussed is based on personal opinions, experiences, and research performed and should not be considered a substitute for professional legal advice. Always consult with a qualified attorney or legal expert for advice regarding your specific situation. The host and guests of this podcast are not responsible for any actions taken based on the information provided.
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It's not always easy, but sometimes change is necessary. Today I share what was a big change for me in my business.
xo,MichelleNext Steps:Click below to learn more about me and my current offers
https://my.linkpod.site/MBrownEADisclaimer: The information provided in the Church Finance and Minister Tax podcast is for general informational purposes only and is not intended as legal advice. The content discussed is based on personal opinions, experiences, and research performed and should not be considered a substitute for professional legal advice. Always consult with a qualified attorney or legal expert for advice regarding your specific situation. The host and guests of this podcast are not responsible for any actions taken based on the information provided.
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Missing episodes?
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Benevolence given to immediate family members of employees is generally treated as taxable income to the employee. This is because the benefit is considered to be provided in connection with the employee's performance of services.
https://www.law.cornell.edu/uscode/text/26/102
xo,MichelleNext Steps:Click below to learn more about me and my current offers
https://my.linkpod.site/MBrownEADisclaimer: The information provided in the Church Finance and Minister Tax podcast is for general informational purposes only and is not intended as legal advice. The content discussed is based on personal opinions, experiences, and research performed and should not be considered a substitute for professional legal advice. Always consult with a qualified attorney or legal expert for advice regarding your specific situation. The host and guests of this podcast are not responsible for any actions taken based on the information provided.
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SummaryDirect Employer Payments: Benevolence funds provided directly by an employer to an employee are generally included in the employee's gross income under Section 102(c).Qualified Disaster Relief Payments: Payments made by an employer to employees for disaster-related expenses can be excluded from gross income under Section 139 if they meet the criteria for qualified disaster relief payments.Documentation: Employers must ensure that payments are commensurate with the expenses incurred and maintain adequate records to support the exclusion from gross income.
In conclusion, while benevolence funds provided by an employer are typically taxable, exceptions exist under Section 139 for qualified disaster relief payments, provided specific criteria and documentation requirements are met.
xo,MichelleNext Steps:Click below to learn more about me and my current offers
https://my.linkpod.site/MBrownEADisclaimer: The information provided in the Church Finance and Minister Tax podcast is for general informational purposes only and is not intended as legal advice. The content discussed is based on personal opinions, experiences, and research performed and should not be considered a substitute for professional legal advice. Always consult with a qualified attorney or legal expert for advice regarding your specific situation. The host and guests of this podcast are not responsible for any actions taken based on the information provided.
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The determination of whether an individual is an employee or an independent contractor is based on the common law rules, which consider various factors indicating the degree of control and direction the employer has over the worker. According to the IRS regulations and rulings, the following seven factors are significant in establishing an employer-employee relationship.
FREE https://churchpayrollcompliancekit.com
xo,MichelleNext Steps:Click below to learn more about me and my current offers
https://my.linkpod.site/MBrownEADisclaimer: The information provided in the Church Finance and Minister Tax podcast is for general informational purposes only and is not intended as legal advice. The content discussed is based on personal opinions, experiences, and research performed and should not be considered a substitute for professional legal advice. Always consult with a qualified attorney or legal expert for advice regarding your specific situation. The host and guests of this podcast are not responsible for any actions taken based on the information provided.
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Do you think all ministers are automatically self-employed for payroll? We are going to answer that question today as we walk through the ins and outs of ministerial employment status with a story to show why it’s so crucial for churches to get this right.
New FREEBIE!
https://churchpayrollcompliancekit.com
xo,MichelleNext Steps:Click below to learn more about me and my current offers
https://my.linkpod.site/MBrownEADisclaimer: The information provided in the Church Finance and Minister Tax podcast is for general informational purposes only and is not intended as legal advice. The content discussed is based on personal opinions, experiences, and research performed and should not be considered a substitute for professional legal advice. Always consult with a qualified attorney or legal expert for advice regarding your specific situation. The host and guests of this podcast are not responsible for any actions taken based on the information provided.
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The three most common mistakes churches make with 1099 forms are:
Misclassifying Employees as Independent Contractors: Churches often incorrectly classify workers (e.g., ministers, musicians, or administrative staff) as independent contractors when they should be treated as employees. This can result in tax penalties for the church and confusion for the worker about their tax obligations.Failing to Issue 1099-NEC for Eligible Workers: Churches sometimes neglect to issue 1099-NEC forms to individuals or businesses paid $600 or more in a year for services. This oversight can lead to fines for failure to file the required forms with the IRS.Incorrectly Filling Out 1099 Forms: Common mistakes include entering wrong taxpayer identification numbers (TINs), misreporting payment amounts, or filing forms late. These errors can result in penalties and additional scrutiny from the IRS.To hear more and to learn what mistakes have to be fixed, take a listen to today's episode.
xo,MichelleNext Steps:Click below to learn more about me and my current offers
https://my.linkpod.site/MBrownEADisclaimer: The information provided in the Church Finance and Minister Tax podcast is for general informational purposes only and is not intended as legal advice. The content discussed is based on personal opinions, experiences, and research performed and should not be considered a substitute for professional legal advice. Always consult with a qualified attorney or legal expert for advice regarding your specific situation. The host and guests of this podcast are not responsible for any actions taken based on the information provided.
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Today we’re going to tackle a crucial topic for small churches—how to create an effective budget, even when resources are tight. Budgeting can feel overwhelming, especially when you’re dealing with limited income, but with the right approach, it’s not only manageable, it can help your church grow and thrive.
xo,MichelleNext Steps:Click below to learn more about me and my current offers
https://my.linkpod.site/MBrownEADisclaimer: The information provided in the Church Finance and Minister Tax podcast is for general informational purposes only and is not intended as legal advice. The content discussed is based on personal opinions, experiences, and research performed and should not be considered a substitute for professional legal advice. Always consult with a qualified attorney or legal expert for advice regarding your specific situation. The host and guests of this podcast are not responsible for any actions taken based on the information provided.
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What does the IRS have to say about voluntary withholding on housing allowances? Check out todays episode to find out!xo,MichelleNext Steps:
Click below to learn more about me and my current offers
https://my.linkpod.site/MBrownEADisclaimer: The information provided in the Church Finance and Minister Tax podcast is for general informational purposes only and is not intended as legal advice. The content discussed is based on personal opinions, experiences, and research performed and should not be considered a substitute for professional legal advice. Always consult with a qualified attorney or legal expert for advice regarding your specific situation. The host and guests of this podcast are not responsible for any actions taken based on the information provided.
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A recent graduate of the Intro to Church Finances course shares her experience with us today.Sign up for the Intro to Church Finances Course today! Cart closes on Monday, September 30th.
https://www.churchfinances.org/icfcourse
Hope to see you there!xo,MichelleNext Steps:Click below to learn more about me and my current offers
https://my.linkpod.site/MBrownEA
Disclaimer: The information provided in the Church Finance and Minister Tax podcast is for general informational purposes only and is not intended as legal advice. The content discussed is based on personal opinions, experiences, and research performed and should not be considered a substitute for professional legal advice. Always consult with a qualified attorney or legal expert for advice regarding your specific situation. The host and guests of this podcast are not responsible for any actions taken based on the information provided.
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Webinar sign up page! Year end Wrap up
I was recently asked what services a professional bookkeeper could offer to churches.
I share in today's episode the services I offer through my firm that I recommend other bookkeepers offer as well.
xo,MichelleNext Steps:Click below to learn more about me and my current offers
https://my.linkpod.site/MBrownEADisclaimer: The information provided in the Church Finance and Minister Tax podcast is for general informational purposes only and is not intended as legal advice. The content discussed is based on personal opinions, experiences, and research performed and should not be considered a substitute for professional legal advice. Always consult with a qualified attorney or legal expert for advice regarding your specific situation. The host and guests of this podcast are not responsible for any actions taken based on the information provided.
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New Harassment Law from the EEOC is discussed to make you aware of who it affects in your church and how you should respond.
https://www.eeoc.gov/laws/guidance/enforcement-guidance-harassment-workplace
xo,MichelleNext Steps:Click below to learn more about me and my current offers
https://my.linkpod.site/MBrownEADisclaimer: The information provided in the Church Finance and Minister Tax podcast is for general informational purposes only and is not intended as legal advice. The content discussed is based on personal opinions, experiences, and research performed and should not be considered a substitute for professional legal advice. Always consult with a qualified attorney or legal expert for advice regarding your specific situation. The host and guests of this podcast are not responsible for any actions taken based on the information provided.
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With the newest updates in the FLSA and salary requirements, there have been questions about how the State labor laws come into play. In today's episode, we discuss a couple of the sections of labor law and how each is affected.
I am only providing you with a summary of research that I have done and am NOT providing legal advice.
Take a listen. xo,MichelleNext Steps:Click below to learn more about me and my current offers
https://my.linkpod.site/MBrownEA -
Hello everyone, and welcome to today's episode of the Church Finance & Minister Tax Podcast. I'm your host, Michelle Brown, and today we're diving into a fascinating court case that highlights the importance of understanding tax codes and meeting filing deadlines when it comes to churches and Social Security taxes.
In this episode, we'll explore the background of Social Security taxes and churches, focusing on a pivotal change in 1983 that made Social Security taxes mandatory for churches unless they filed for an exemption within a specific timeframe. We'll then discuss a case where a church in Pennsylvania sued the U.S. government over the constitutionality of these taxes on religious grounds.
The court's decision, based on factors like free exercise of religion, the establishment clause, and equal protection, ultimately upheld the Social Security tax requirements for the church and its employees. This case serves as a powerful reminder of the importance of knowing your tax obligations, options, and deadlines to avoid costly legal battles.
So, grab a pen and paper, and let's dive into this intriguing case that emphasizes the critical role of understanding and complying with tax laws for churches and religious organizations.
xo,MichelleNext Steps:Click below to learn more about me and my current offers
https://my.linkpod.site/MBrownEA -
As a tax professional, I am required by the Federal Trade Commission to take regular ongoing cybersecurity awareness training and I also have to have specific software in place to protect client data per FTC AND IRS requirements.
Today, I will share some practical tips I have learned from my cybersecurity training to help protect your church from falling victim to a terrible scam that stole nearly $800,000 from a church in NC.
Don't forget to sign up for my new course Intro to Church Finances
see the links below
xo,MichelleNext Steps:Click below to learn more about me and my current offers
https://my.linkpod.site/MBrownEA -
It's here!!!!
My new course is launching TODAY!
You only have until July 31st to get in on the initial launch of this exciting and informative course!
See below for all the links!!xo,MichelleNext Steps:Click below to learn more about me and my current offers
https://www.my.linkpod.site/MBrownEAIntro to Church Finances course
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Information the IRS requests on Schedule A of Form 1023:A recognized creed and form of worship,A definite and distinct ecclesiastical government,A formal code of doctrine and discipline,A distinct religious history,A membership not associated with any other church or denomination,Ordained ministers ministering to the congregation,Ordained ministers selected after completing prescribed courses of study,A literature of its own,Established places of worship,Regular congregations,Regular religious services,Sunday schools for the religious instruction of the young, andSchools for the preparation of xo,MichelleNext Steps:
Click below to learn more about me and my current offers
https://my.linkpod.site/MbrownEA
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