Church Financial Info

The following information is provided for those involved with Church Finances.

If you have any questions about the information on this page, please contact the Presbytery office at 610.391.9020 or office@lehighpresbytery.org

Forms

 


Per Capita information and rate.

2017 Minimum Terms of Call

2017 Honoraria for Pulpit Supply or Moderating a Session Meeting

Forms and Policies of Lehigh Presbytery

 


 

Board of Pensions

http://www.pensions.org

The Board of Pensions traditional benefits package for members is 36.5% of effective salary (Medical 24.5%; Pension 11%; Death and Disability 1%); If the effective salary is lower than the Medical participation minimum of $44,000., then the medical portion would be based on the Board of Pensions minimum effective salary.

Churches need to log on to Benefits Connect to enter and make changes to the pastor’s benefits package. Click the logo below to go to Benefits Connect.

https://benefitsconnect.pensions.org/_layouts/15/images/BOPImages/BenefitsConnectLogo_Web_RGB.png

 


Information

LINKS

 


 

TAX NEWS AND PAYROLL PROCEDURE UPDATES

The Clergy Tax Journal is an email newsletter created exclusively for clergy and churches that features breaking tax news, tax tips and services that affect your ministry. Below is some excerpts for the latest edition that you may find helpful.

Clergy Tax Law Update:

The Internal Revenue Service recently announced cost-of-living adjustments for pension plans and other retirement-related items for the tax year 2015. Most clergy will be able to increase the amount of maximum contributions into their church pension. Find out how much you can contribute.

Church Payroll Procedures – New Hire Checklist

Before an employee can begin work, the church must have certain documents on file to prove that the worker is indeed eligible to work in the United States. Find out which documents your church needs on file for every worker. 

HR Hot Topic: Our employees often don’t turn their timesheets in on time. If an employee doesn’t submit his sheet on time, can we delay processing his paycheck until the next pay period? Find out the answer.

Clergy Financial Resources
11214 86th Avenue N. Maple Grove, MN 55369
cfr@clergytaxnet.com
clergytaxnet.com

 


 

Recent IRS Tax-Exemption Changes DO NOT Apply to Churches

Church Treasurers:

The following directive was received on May 10, 2013 from April Davenport, PC(USA) Associate General Counsel, with regard to IRS Form 990. Please be guided accordingly. Information on IRS Form 990-T is detailed below if you need to refer to it.

Dave Boltz, Treasurer
Lehigh Presbytery
May 13, 2013

We have received reports that some churches have received a notice from the Internal Revenue Service (“IRS”) stating that they are required to file IRS Form 990, Return of Organization Exempt From Income Tax.  The Group Ruling held by the Presbyterian Church (U.S.A.) which provides 501(c)(3), tax-exempt status to the group, also exempts Presbyterian Church (U.S.A.) congregations, presbyteries, synods, and the General Assembly from filing Form 990.  If your mid council or a church in your mid council has received a letter from the IRS asserting that Form 990 is due, please contact staff listed below from the Office of Legal and Risk Management Services of the Presbyterian Mission Agency immediately for assistance.  Please do not ignore these letters from the IRS.  Please also note that exemption from the requirement to file Form 990 does not extend to Form 990-T which relates to unrelated business income.

April L. Davenport, Associate General Counsel
(502) 569-5350
april.davenport@pcusa.org

Rebecca L. Rayner, Senior Paralegal
(502) 569-8021
rebecca.rayner@pcusa.org

Recent IRS Tax-Exemption Changes DO NOT Apply to Churches

July 2010 – The nation’s media has been highlighting changes in IRS policy regarding tax-exempt organizations. Please not that churches do not have to apply to the IRS to maintain their tax-exempt status. For more information, see the brief synopsis from the IRS below or on the IRS website.

The Pension Protection Act of 2006 , made two important changes affecting tax-exempt organizations, effective the beginning of 2007. First, it mandates that most tax-exempt organizations, other than churches and church-related organizations, must file an annual return or submit an electronic notice, with the IRS. The Form 990-N, was created for small tax-exempt organizations that had not previously had a filing requirement. Second, the law also requires that any tax-exempt organization that fails to file for three consecutive years automatically loses its federal tax-exempt status. The IRS conducted an extensive outreach effort about this new legal requirement but, even so, many organizations have not filed returns on time. This one-time limited relief program helps small organizations preserve their status.


 

 

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