Employee Wages for Churches and Ministries
Our next webinar is scheduled for November 15th from 12-1p.m. We will be taking a look at Employee Wages for Churches and Ministries.
Not all compensation and employee benefits are treated the same for tax purposes. We will take a close look at different types of compensation and benefits and learn what is taxable or not taxable to employees, and how to report them. Here are some of the topics we will be discussing:
Wages
+ Housing allowance for ministers
+ Benefits – what is taxable?
+ Health insurance
+ HRA or HSA
+ Long-term care insurance
+ Life insurance
+ Employer contribution for retirement plan
Payments received by employees from others:
+ Honorariums
+ Fees received for weddings, funerals
+ Gifts
+ Fringe benefits
+ Tuition for children
+ Tuition for education
+ Free housing (on-campus housing)
+ Study trip
+ Trip to Holy Land
+ Books, curriculum
+ Travel costs for family members
+ Allowances
+ Auto
+ Cell phones, etc.
+ Reimbursements
Note: CPE credit is available for those who attend the live webinar.
Webinar CPE info:
+ Prerequisites and preparation: None
+ CPE credit available: 1 hour, technical
Format: Live webinar presentation