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Tax Benefits That Come With Being a Pastor

The Tax Cuts and Jobs Act, which is the new tax bill that was signed into law at the end of 2017, affects how to appropriately handle reimbursements for expenses you pay … See more

Actived: 5 days ago

URL: https://www.startchurch.com/blog/view/name/tax-benefits-that-come-with-being-a-pastor

3 Questions Pastors Are Asking About Health Care

WebThe fee assessed to those who do not maintain minimum essential health care coverage is calculated in two different ways: a percentage-based penalty or a per-person penalty. …

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StartCHURCH Blog

WebOption 1: Small Business Health Options Program (SHOP) The first, rather obvious, option is that your church can purchase a qualified group healthcare plan from an insurance …

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How to Measure Your Church's Financial Health

WebWhen a church applies for a loan, the lender will run ratios to determine the church's health. If the church is granted the loan, the lender will probably require the church to maintain …

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What Your Church Needs to Know About Reimbursements, Part 1

WebThe IRS defines a reimbursement arrangement as. “a system or plan that an employer uses to pay, substantiate, and recover the expenses, advances, reimbursements, and …

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3 Things Every Minister Should Know About Housing Allowance

WebA minister may exclude no more than the lowest of the following amounts: The amount used to provide a home; The amount designated as a housing allowance; or. The fair rental …

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Can your church get a $2,500.00 refund for providing health …

WebThank you for downloading our 6 Steps to Your Church’s Financial Health ebook. You are now subscribed to the StartCHURCH Newsletter. The purpose of our newsletter is to …

Category:  Health Go Health

How to Handle Designated Donations Given to Your Ministry

WebOffer to redirect the donation: The first thing your church needs to do is inform the donor that there is no longer a need for that specific fund or purpose. You should then ask if the …

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The #1 Secret to Generate More Income for Churches in 2021

WebIn fact, over the past year, we have seen a significant percentage of our bookkeeping clients experience growth in their finances. We want to help you put the best financial practices …

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StartCHURCH Blog

WebConclusion. The $100-per-day-per-employee penalty is a steep penalty that I know churches and ministries do not want to have to pay. That is why it is important for …

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Six Types of Reimbursements Your Church Needs to Know

WebHow to do it. 1. At a properly called board/elder's meeting, the church must adopt a resolution to allow eligible church employees to receive adoption assistance of up to …

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FEATURED PRODUCT

WebThank you for downloading our 6 Steps to Your Church’s Financial Health ebook. You are now subscribed to the StartCHURCH Newsletter. The purpose of our newsletter is to …

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StartCHURCH Blog

WebGet Your Free eBook “6 Steps to Your Church’s Financial Health”. Click Here. Here are some key reasons why a budget is necessary. 1. Budgets identify where you are now …

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StartCHURCH Blog

WebThank you for downloading our 6 Steps to Your Church’s Financial Health ebook. You are now subscribed to the StartCHURCH Newsletter. The purpose of our newsletter is to …

Category:  Health Go Health

StartCHURCH Blog

WebExcellent Advice on the Healthcare Act By Raul Rivera. The Affordable Care Act is now in full swing and nearly every person in America will be required under penalty of law to …

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How to Know What is Taxable Income for a Minister

WebIncome tax regulations require that any and all money given to the pastor be reported as income. Under the code, the IRS will fine the pastor 200% of the car allowance plus …

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10 Simple Steps to Ensure Legal Ordination

WebRequire an application with a fee. Require an exam to be taken and passed with a minimum required score. Establish a formal process of commissioning. Assign the ordination an …

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IRS Rules Church “Coffee Shop” Not Tax-Exempt

WebThe coffee shop was opened Monday through Friday 6 a.m. to 8 p.m. and Saturday from 7 a.m. to 8 p.m. Its primary source of revenue was from coffee shop sales. The coffee …

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