Updated 8/22/22 If your church or ministry has employees, you are required to withhold payroll taxes and make payroll tax deposits on a regular basis. Most organizations are monthly depositors. […]
Belinda Whitfield, Certfied Public Accountant | TAX DEADLINES
ON 5/15 THOUSANDS OF NON-PROFIITS WILL LOSE THEIR 501C3 STATUS That’s right, many organizations will get their 501c3 status revoked by the IRS with an effective date of 5/15.Why? Because […]
Belinda Whitfield, Certfied Public Accountant | TAX DEADLINES
If your church or organization provided compensation to employees, temporary or seasonal workers this income should be reported on a W-2 Wage and Tax Statement. Compensation can include cash as […]