If I am a minister/clergy, do I have to pay self-employment taxes? This is a very important question, and perhaps a question you have asked yourself. Whether you are a seasoned minister, or just beginning, understanding self-employment taxes is vital to your tax planning and...
In a grant landscape that can be challenging for faith-based organizations, Lilly Endowment stands out as a funder that provides some opportunities specifically for churches. One such grant is The Lilly Endowment National Clergy Renewal Program at Christian Theological Seminary, designed to strengthen congregations by providing a...
As we tie a bow on Q2 and many organizations move into a new fiscal year, it’s likely about time for you to review your Staff Handbook again. Looking over all the policies in your handbook, evaluate not only if they are compliant but if...
Offering more flexibility to your employees increases retention and gives your employees more control over their time at work. There are a few things you can do to offer flexibility while still maintaining the coverage you need: Implement self-scheduling. Self-scheduling is when you let your...
"Retirement" has different meanings for Baby Boomers. But, for most of us, retirement will not be of the rocking chair variety, at least not initially. Many new retirees decide to continue to work, but this time at their own pace and hours. Others can't wait...
Frankly, I’ve met a lot of church leaders who are just weary. If that’s where you are, here are some warning signs it’s time to take a day off—whether you work for a church or a secular employer. You haven’t had a day off in...
Everyone has heard of HR. It’s associated with dull characters like “Toby” from The Office and words like “restructuring” and “evaluations” that only conjure up bad feelings in the pit of your stomach. But HR is significantly more encompassing and vital than that, especially for...
At Payroll Partners, we understand the unique financial challenges and obligations faced by churches and nonprofit organizations, particularly when it comes to managing payroll. With 28 years of experience, we specialize in providing tailored payroll solutions that cater specifically to the needs of clergy and...
The two leading presidential candidates in the polls today are 81 years old and 77 years old. Bob Iger returned to Disney as CEO. He will be 73 years old in February. Football coaches are getting older. Nick Saban and Mack Brown are both 72 years old. What...
While ministers are employees for federal income tax reporting purposes, they are self-employed for Social Security purposes with respect to services they perform in the exercise of their ministry. This means that they must pay both the employee and the employer share of social security tax...