The Church Finance & Minister Tax Podcast- Church finances, Minister Taxes, Minister payroll, IRS Compliance
Hey there, I’m Michelle and I love all things Jesus, business and church finances! I help church finance individuals just like you go from feeling confused and frustrated with what you don’t know about church finances, to being more confident in your role while increasing your proficiency and expertise in the church finance realm. Are you tired of Google searches that result in endless pages of answers to your questions about church finances, housing allowances and clergy taxes? Do you need help with getting the right processes and procedures in place for your church office or business? Are you looking for a group of like-minded believers who understand your desire to do business and serve the local church God’s way? In this podcast, you will find practical AND biblically based business solutions for your church office or bookkeeping business that serves churches . We will give you tried and true bookkeeping tips and lessons that are specific to the church ministry and other foundational practices that you need in place to make sure that the church(es) that you serve are in compliance with current industry standards and IRS tax code. We will also lean into mindset training to help you think like the business professional God created you to be and renewing your mind through the application of truths from the Word of God that will encourage and free you to do business God’s way while learning what you didn’t even know you needed to know! My mission is twofold: #1 to help church bookkeepers/treasurers/finance individuals become more confident in their role and increase their expertise in church finances. #2 to help business owners unapologetically do business God’s way and grow a successful bookkeeping business they feel good about and that helps make the world a better place. If you are ready to walk out the calling the Lord has on your life while serving Him with excellence - then you are definitely in the right place! I tried to achieve success in the secular world but felt unfulfilled and like an outsider because of my beliefs. I finally realized that taking the risk to create a business (or businesses in my case), where I could openly express my faith and beliefs and to put God at the center of everything I did, was more exciting to me than the fear of the ”what if’s”. So, I did it! Not once, but twice! I want to share with you what I’ve learned through my 20 years of business experience in both Christian retail and my bookkeeping business to help you take that step of faith and walk in courageous obedience to God. If you are ready to serve your church with confidence and/or create a business that keeps God at the center of everything you do WHILE helping to make the world a better place all at the same time - this podcast is for you! So grab your Bible, a notebook or laptop, and the dream God gave you, because we’re doing this. It’s time to serve Him with Excellence! Learn: www.churchfinances.org Community: https://www.facebook.com/groups/churchbookkeepingandclergytax
Episodes
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, Michelle Next Steps:Click below to learn more about me and my current offers
https://www.my.linkpod.site/MBrownEAIntro to Church Finances course
- 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 it...
Click below to learn more about me and my current offers
https://www.my.linkpod.site/MBrownEAISSUES:
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Whether petitioners are entitled to deduct job expenses and certain miscellaneous expenses totaling $37,535 for the 2014 tax year.
FACTS:
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Petitioners, MInister and his wife, resided in Oklahoma and filed a joint federal income tax return.
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Minister was a staff pastor, and his wife was a salesperson and later a teacher.
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They moved from Oklahoma to Florida for new job positions,...
"In today's episode, we're exploring 'Ways to Reduce Taxable Income for Ministers.' Ministers often face unique tax challenges, balancing their roles as both employees and self-employed individuals. We'll uncover effective strategies to legally minimize taxable income, with a special focus on salary reduction agreements and the option to refuse part of one's salary. Whether you're a minister looking to optimize your tax situation o...
Episode Date: June 18, 2024
Episode Summary: It is June and it is HOT! That means the year is halfway over, so now is the perfect time to conduct your mid-year review. In today's episode, we discuss the importance of performing a mid-year review for your church and the three key areas that require your attention: Budget, Contributions, and Minister Housing Allowance. Are you ready? Let’s go!
Quote of the Day: Today's quote comes fr...
The current scam going around for QuickBooks is discussed in today's episode.
I share the "red flags" to look for along with other helpful information.
QBES Care Support 888-702-5228
QB Support 800-446-4484
to report a scam security@intuit.com
xo, Michelle Next Steps: Grab Your Freebies:Six Steps to Doing Business God's Way biz owners
A QuickStart Guide to Church Finances everybodyLooking for a group of like-minded people...
Welcome to The Church Finance & Minister Tax Podcast! Are you ready to safeguard your church's financial health? Join us as we uncover common pitfalls and share tips for financial compliance. From avoiding the commingling of funds to reporting taxable income, get ready to empower your church with the knowledge it needs. Stay tuned for valuable insights coming up in our final part of the 3-part series on Navigating the IRS.
Epis...Listen in and hear the passion :-)
xo, Michelle Next Steps: Grab Your Freebies:Six Steps to Doing Business God's Way biz owners
A QuickStart Guide to Church Finances everybodyLooking for a group of like-minded people that want to keep Jesus at the center of everythi...
Are you a church leader feeling overwhelmed by financial compliance? Stay tuned for part 2 of our series on Navigating the IRS maze: Tips for Church Financial Compliance. From maintaining accurate records to staying up-to-date with IRS filings, we've got you covered. Get ready to streamline your financial processes and gain peace of mind. I’m so happy to have you join me today!
As promised.... here is the IRS blurb you need to incl...
Feeling lost in a maze of IRS regulations? Don't worry, you're not alone. Many church leaders and finance managers find themselves overwhelmed by the intricate web of rules and requirements. But fear not, because today, we're here to shed some light on the path to financial compliance. Today’s episode will kick off our 3 part series on Navigating the IRS Maze: Tips for Church Financial Compliance. I’m so happy to have you join me ...
I'm thrilled to share that the Bookkeeping with a Purpose podcast is evolving to better support our church office crew and is rebranding to a new name “The Church & Minister Tax Podcast”. Same location, all the back episodes, just a new name and expanded focus. Alongside finance and tax tips, we're diving into admin tricks and organization hacks to make your life easier. With over three decades of office experience under my be...
NOTE: The Department of Labor (DOL) and the Internal Revenue Service (IRS) use different criteria for determining whether a worker is an employee or independent contractor, and the criteria serve different purposes.
The DOLs criteria are primarily used for determining eligibility for wage and hourly protections under the Fair Labor Standards Act (FLSA), ( which we covered in Ep 57) while the IRS’s 20-factor control test is used for...
Segment 1: Tax Realities
- Ministers Pay Taxes: Dispelling myths.
- Legal Truth: Courts reject tax exemption claims.
- Cautionary Note: Risks of tax evasion.
Segment 2: Ministerial Taxes 101
- Tax Status: Ministers are self-employed.
- Who's Qualified: Active licensed, ordained, or commissioned ministers.
- Tax Responsibilities: Pay taxes through withholding or estimated payments.
Segment 3: Compliance & Penalties
- F...
Tax season is upon us, and with it comes the need for proper documentation. Improper donation receipts can cause headaches for both donors and organizations. In this episode, we'll dive into the essential elements of a donation acknowledgment letter to ensure compliance with IRS standards.
Main Content:
- Understanding IRS Requirements:
- Explaining IRS guidelines ...
Introduction:
- Welcome to episode 57 of the Bookkeeping with a Purpose podcast!
- Exploring the complexities of federal regulations, particularly regarding church employees and overtime rules.
- I stumbled upon something fascinating recently, and you know me, I can’t keep cool discoveries to myself. So, buckle up for a journey into the world of ch...
In Episode 42 I talked to you about 3 steps to help you create a sound budget. In today's episode I want to help you take the next step in the budgeting process - ensuring that every program you created a budget line item for is carried out with excellence so that you can actually stay within that budget! Listen in to see how you can continue to honor God in the budget process.
xo, Michelle Next Steps: Grab Your Freebies:
Direct from the IRS website:
A minister's housing allowance (sometimes called a parsonage allowance or a rental allowance) is excludable from gross income for income tax purposes but not for self-employment tax purposes.
If you receive as part of your salary (for services as a minister) an amount officially designated (in advance of payment) as a housing allowance, and the amount isn’t more than reasonable pay for your services, yo...
Knowing which form to use can be confusing.
In today's episode I go over
1. who should receive a Form 1099
2. which Form 1099 do you send
3. special circumstances that determine which form to use
4. e-filing requirements
5. filing deadlines
I hope this helps!
xo, Michelle Next Steps: Grab Your Freebies:https://churchfinances.ck.page/6steps biz owners
https://churchfinances.ck.page/guide everybodyLooki...
https://churchfinances.ck.page/6steps biz owners
https://churchfinances.ck.page/guide everybodyLooking for a group of like-minded people that want to keep Jesus at the center of everything they do?
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