Tag Archives: taxes

Congregations Take Advantage of Free Tax Resources

New e-books offered through ChurchEXCEL.

By Carl Stagner

In case you haven’t been following the news, a variety of changes to tax law in the United States went into effect last year. The resulting impact on Church of God ministers and congregations must not be ignored. Pastor, are you aware of how the legislation effects minister’s taxes? Has your church accountant considered the tax law changes and what they mean for IRS reporting? Thanks to Church of God Ministries’ partnership with ECFA through ChurchEXCEL, Church of God congregations are already taking advantage of online access to everything you need to know about minister’s taxes and church reporting—absolutely free. Continue reading

Servant Solutions: Seven Decades of Dedication to the Movement

Servant Solutions staff meeting.

By Carl Stagner

In 1949, what was once strictly a retirement program for ministers of the Church of God came into being. Not everyone was ready for such a program, however, as a few questioned the lack of faith in God’s provision that allegedly accompanied enrollment. Received initially with mistrust, Servant Solutions has since become one of the most trusted partners of the Movement. With time, training, and technology, the former Board of Pensions of the Church of God has morphed into the holistic ministry of “improving financial security for servants of the church.” As Servant Solutions nears its seventy-year mark in ministry, it’s clear that the endorsed agency of the Church of God looks very little like it did at the beginning. But that’s more than okay with our pastors and their families, our missionaries, our local churches, and our educators. They’ve been unleashed to do what God has called them to do, more confident than ever in the expertise and faithfulness of today’s Servant Solutions. Continue reading

Form W-2 Completion

Julie_Nance_Story_W2Tax_Papers_Stock_FORWEB

By Julie Nance

The end of the year is extremely stressful for the church treasurer. They have giving statements to prepare as well as income reporting documents. The most confusing document to complete is the Form W-2.

In the church setting, there are employees of two different statuses: ministerial and non-ministerial. The non-ministerial employees have FICA taxes (Social Security and Medicare) withheld, while ministerial employees do not. This is the most common error on ministerial Form W-2. Continue reading