Webinars on Demand

Watch recordings of past webinars at your convenience

Update for 2021 Employer Reporting to IRS and WA State

(Free)

  • Sick and Emergency Leave

  • Earned Income Credit

  • Employee Retention Credit

  • WA State Long Term Care Act

  • Paid Family Medical Leave

  • Minimum Wage

Housing Allowance Tax Benefit for Ministers

(Free)

  • Who is eligible?
  • Who can designate a minister housing allowance?
  • When to set parsonage and housing allowances.
  • How to set parsonage and housing allowances.
  • Which housing expenses qualify?
  • Tax implications of housing allowance.

Renting Property – WA State B&O and IRS Tax Issues for Nonprofits

(Free)

  • When does rental income becomes taxable?
  • Rental income reporting requirements.
  • What Washington State and IRS rental income tax exemptions can be obtained for nonprofit organizations?
  • Rules for rental of parking spaces and cell towers.

Budgeting and Managing Cash Reserves

(Free)

  • Learn to move from a static budget to a dynamic one that includes cash flow projections and planning.
  • Discover “missional” budgeting – a way to measure if your organization is accomplishing its mission.
  • Learn how to manage financial resources to meet your obligations and accomplish your mission.
  • Examine the four areas of liquidity and how they can work together for optimum financial health.

Renting Property – WA State B&O and IRS Tax Issues for Nonprofits

(Free)

  • When does rental income becomes taxable?
  • Rental income reporting requirements.
  • What Washington State and IRS rental income tax exemptions can be obtained for nonprofit organizations?
  • Rules for rental of parking spaces and cell towers.

WA State Exempt Property Tax Issues

(Free)

  • How your organization can qualify for and maintain a property tax exemption.
  • Which types of activities are allowed under a property tax exemption?
  • Recent changes to Washington limitations and requirements.
  • We’ll also discuss several examples of whether a property tax exemption can be maintained.

2020 Year End Update – Compensation Reporting

(Free)

  • What COVID-19 reporting is required?
  • Should I issue a 1099 or a W-2?
  • What items should be included in an employee’s W-2?
  • What is the correct way to complete a W-2 for a pastor?

 

 

2020 Year End Update – Charitable Contribution Receipting

(Free)

  • What is required when receipting donors for various contributions?
  • When are designated contributions not deductible?
  • How are IRA contributions reported differently?
  • How are out-of-pocket expenses for unreimbursed travel receipted?

2020 Year End Update – IRS & WA State Reporting

(Free)

  • What are the changes in Form 1099-MISC reporting?
  • What unrelated business income is required to be reported on Form 990-T? 
  • What is required to be reported to the Department of Revenue?
  • What can be done to maintain a property tax exemption?

WA State Sales and Use Taxes

(Free)

  • What is use tax?
  • Which types of purchases require payment of use tax?
  • Do churches and non profits have to pay use tax?

 

Housing Allowance Tax Benefit for Ministers

(Free)

  • What is housing allowance?
  • Housing allowance designation.
  • Which housing costs can be included in housing allowance?
  • Tax implications of housing allowance.
  • See a sample computation to better understand how to calculate housing allowance.

Pastor Taxation

(Free)

  • How are pastor taxes different than lay employees?
  • What tax elections are available for pastors?
  • Review a sample pastor pay check.

 

 

 

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How to Maximize the Tax Benefits of Working from Home

6 Critical Questions Asked by Employees and Employers

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