by Sandra Figueredo | Apr 7, 2025 | Finance, Resources
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...
by Sandra Figueredo | Apr 7, 2025 | Finance, Resources
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...
by Sandra Figueredo | Mar 25, 2025 | Finance, Resources
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...
by Sandra Figueredo | Mar 25, 2025 | Finance, Resources
ANNOUNCEMENTS Securing Church Financial Records Financial Records should be kept in a secured/locked room or filing cabinet. The financial records include giving information, check stock, and payroll records. A secured/locked room or filing cabinet seems obvious but...
by Sandra Figueredo | Feb 10, 2025 | Finance, Resources
ANNOUNCEMENTS Ignore Filing a BOI Report Ignore Filing Your BOI BENEFICIAL OWNERSHIP INFORMATION – Many of our churches and indeed the Presbytery of Tropical Florida have received numerous emails regarding the requirement to file the Beneficial Ownership...
by Sandra Figueredo | Oct 3, 2022 | Finance, General Presbyter & Stated Clerk, Presbytery Announcements, Presbytery Front Page, Resources
ANNOUNCEMENTS Hurricane Ian Disaster Response Presbytery of Tropical FloridaA CALL TO HELP In the immediate aftermath of Hurricane Ian, here are ways to help: Please do not donate goods. Money is the best option and is the most needed at this time. ...
