Tag: IRS

Church Payroll Deadline: Mail W-2’s to the SSA by 3/31

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 […]

2014 Mileage Reimbursement Rate

Belinda Whitfield, Certfied Public Accountant | CHURCH FINANCE TIPS

The Internal Revenue Service issued the 2014 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning on […]

4 Most Important Things That Should Be on Your Contribution Statement

Belinda Whitfield, Certfied Public Accountant | CHURCH FINANCE TIPS

Is your church or ministry issuing IRS compliant contribution statements?Imagine what would happen if your pastor’s tax return or a member’s tax return was audited and the IRS requested supporting […]