April 6, 2016
For many ministries and their employees, April is a triple tax-deadline month. Does your ministry have the following dates circled on its calendar?
Form 1040-ES: Estimated Tax for Individuals. If your pastor makes quarterly estimated tax payments instead of voluntary withholding, the first filing and payment is due by April 18, 2016, using Form 1040-ES. It’s important to note that the church does not make these payments for the pastor. The Electronic Federal Tax Payment System (EFTPS) is the easiest way to pay federal taxes for individuals, and includes options for federal tax deposits, installment agreements, and estimated tax payments. Pastors can also access payment history using EFTPS.
The remaining individual quarterly tax payments are due June 15, September 15, and January 17, 2017.
Form 1040: Individual Income Tax Return. For most pastors and ministry staff, April 18, 2016, is tax day. Whether your pastor reports income taxes as an employee or self-employed, filing a Form 1040 is required. Pastors who have requested, and have received, an exemption from Social Security are not exempt from paying federal income taxes.
Form 941: Employer’s Quarterly Federal Tax Return. Ministries that withhold income taxes, Social Security or Medicare tax from employee’s paychecks, or must pay the employer’s portion, will file Form 941 by this date. A separate Form 941 is required at the end of each quarter: July 31 and October 31, 2016, and January 31, 2017.
Form 941 does not apply to all. Some ministries may have received IRS permission to file annually by using Form 944. This form reduces the burden on small employers by allowing them to file one return per year. To see if your ministry qualifies, click here.
The Centers for Disease Control says 107 cases of measles have been reported in 21 states since January 1.
Will your ministry be hosting a Fourth of July celebration this year? You may be planning a spectacular firework show as part of your festivities. Read this post before hosting an event at your ministry.
The National Safety Council has designated June as National Safety Month, so we want to make sure your ministry is doing everything it can to protect its people, property, and programs. Each week in June, we’ll tackle a different topic. Up this week: Emergency Preparedness.
There’s a new scam in town, and ministries and other organizations collecting donations are the primary target. If your ministry collects tithes or donations, you could be targeted by scammers practicing donation overpayment fraud.
Beloved evangelist Billy Graham was called to his heavenly home on Wednesday, February 21, 2018, at the age of 99.
For the first time in its 13 years of influenza monitoring, the U.S. Centers for Disease Control and Prevention is reporting that every state in the continental U.S. is seeing widespread flu activity. Get tips on how to keep your congregation healthy this flu season.
Snow skiing. Camping. Whitewater rafting. A youth group trip can give students an exciting diversion from their weekly routines, as well as an opportunity to strengthen healthy friendships. Off-site activities may challenge your students to step outside of their comfort zones a bit, but this can bring about a positive result.
If you are in the process of planning a mission trip for your church group, make sure to think carefully about insurance, safety, and security as you hammer out the details. Extra preparation could minimize headaches when your group arrives on the mission field.
Has your church or school ever been asked to loan one of your vans or buses to another? Before you decide to loan your ministry vehicles to another organization, seriously consider the potential risks associated with such a decision.
Completing a personal property inventory of your church or ministry could be one of the wisest activities you can pursue. If disaster strikes and you file an insurance claim, you may need an inventory highlighting damaged items.
Have you thought through potential dangers that may confront your ministry? Taking steps to consider and address these risks provides important protection from injuries, lawsuits, fires, and dozens of other hazards that may affect your ministry, especially your employees and those you serve.
Small businesses—including churches and related ministries—can once again pay premiums for their employees’ health insurance. Previously known as an Employer Payment Plan (EPP) or Health Reimbursement Account (HRA), these arrangements violated the Affordable Care Act (ACA). However, due to a recently passed law, ministries that are not part of a group health plan now have another option to help employees with health care costs.
Ministries beware: An email scheme, designed to coincide with tax season, asks payroll and human resource professionals to disclose employees’ personal information. Think you wouldn’t fall for such a scam? You might, if the email looks as if it came from someone in your ministry.
Under federal law, most ministers have dual tax status. Dual tax status means a minister is an employee of the church for federal income tax purposes, and self-employed for Social Security and Medicare taxes. Here’s what you need to know.
Lawsuits against churches and ministries are on the rise, making their board members especially vulnerable. Sometimes, courts have found directors and officers personally liable when their actions have resulted in financial damages.
Incorporation takes the weight of responsibility off the shoulders of individuals and instead, places it on the organization. In contrast, a court may find all members of an unincorporated church legally responsible for negligent or criminal actions committed by one church member.
Ministries commonly store a variety of personal information about their members and the people who support them. Mailing lists and donation records may be the most familiar repositories of personal information; however, the average church database is also likely to include Social Security numbers and payment card information. Unsecured, this data could make church members vulnerable to criminals—putting church and ministry members at risk.
Large or small, churches and ministries are often easy prey for would-be thieves, especially as church holidays, like Christmas, approach and weekly offerings increase as more people return to worship and other ministry activities. Ministry leaders can boost their ability to keep thieves away from their contributions and property by taking just a few precautions—not only during the holidays, but also throughout the year.
Churches seldom look more beautiful than when they're decorated for the holidays. Candles, lights, and greenery add splendor to the celebration of Christ's birth. Unfortunately, they also contribute to a number of fires each December. As you haul out the decorations, remember to balance beauty with safety.
Having a hard time finding people to serve in the church nursery? Do new volunteers stop serving, shortly after they begin? There could be a number of reasons for that.