Terms of Call – 403b

Terms of Call – 403b

ANNOUNCEMENTS Terms of Call – 403b As I sat down to write this, I realized that I was assuming everyone knows about 403b retirement plans.  So, let’s start at the beginning: 403b is a retirement plan that allows you to contribute money to it pretax. It is...
Terms of Call – Housing Allowance

Terms of Call – Housing Allowance

ANNOUNCEMENTS Terms of Call – Housing Allowance Under IRS rules, ordained, licensed, or commissioned ministers who perform their duties in the exercise of ministry may qualify for a housing allowance.   This is among the most valuable tax breaks for ministers...
Employee OR Independent Contractor

Employee OR Independent Contractor

ANNOUNCEMENTS Employee OR Independent Contractor Most of our churches hire individuals to play the piano, clean the church, maintain the lawns, do building maintenance, …. and these individuals are paid directly with no taxes deducted and receive a 1099-NEC at...

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