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There are 5 item(s) tagged with the keyword "church payroll".

Displaying: 1 - 5 of 5

1. Dual Tax Status: What Does It Mean for Your Pastor?

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.

Tags: church payroll, finance, IRS regulations, paying employees, tax code
2. New Overtime Ruling Takes Effect in December

Last May, the United States Department of Labor announced a new standard for determining who qualifies as an exempt employee under the Fair Labor Standards Act. The new ruling says that if an employee earns less than $47,476 per year ($913 per week), then in most cases the employee needs to be classified as non-exempt. This change will take effect December 1, 2016.

Tags: liability, damages, protect, directors and officers, coverage, church payroll, church staff, paying employees, Fair Labor Standards Act
3. Income Tax Results Made You Sick? It's Time for a Checkup.

Back when you started your job, you likely filled out a Form W-4. Since then, life has changed—possibly with a marriage, a new child, or a raise. Now that income tax filing season is over, did you end up owing taxes, when you expected a refund? Or perhaps you experienced month-to-month budgeting issues, because too much was being withheld from your wages.

Tags: church payroll, finance, IRS regulations, paying employees, tax code
4. April is Triple Tax-Deadline Month for Many Ministries

For many ministries and their employees, April is a triple tax-deadline month. Does your ministry have the following dates circled on its calendar?

Tags: church payroll, finance, IRS regulations, paying employees, tax code
5. How to Pay Church Employees

If you compensate your full-time church staff on a salary or hourly basis, you should be aware of how those positions are defined by the Fair Labor Standards Act.

Tags: church payroll, church staff, paying employees, Fair Labor Standards Act

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