2021 Church & Clergy Tax Guide

Written By Barbara L. Starley, CPA

For all my church and other houses of worship clients: I want to share a great resource that I think you will find helpful during tax preparation and beyond.

You can find comprehensive help understanding United States tax laws as they relate to pastors and churches with Richard Hammar's 2021 Church & Clergy Tax Guide. Tax law in general is highly complex and ever changing. Add to that the many unique rules that apply to church and clergy and you're set up for a challenging task that requires an expert's guidance.

The guide helps clergy:

  • Prepare 2020 tax returns

  • Understand tax laws

  • Correctly report federal income taxes and social security taxes

  • Distinguish relevant exemptions

  • Reduce tax liability

The guide helps church treasurers, board members, bookkeepers, attorneys, CPA's and tax practitioners:

  • Navigate the CARES ACT

  • Define "income" for the church

  • Handle and report employee business expenses

  • Understand the substantiation rules that apply to charitable contributions and designated contributions

  • Grasp federal tax reporting requirements that apply to churches and church employees

Beyond help preparing annual tax returns ministers, churches, and their advisers find the guide indispensable throughout the year with in-depth coverage on:

  • Charitable contributions

  • Clergy retirement plans

  • Social Security taxes

  • Church reporting requirements

  • Housing allowance

  • Business-expense reimbursements

Known as the most comprehensive, accurate yet easy-to-understand tax guide available for church leaders you will find yourself regularly referencing key topics, charts, sample forms, and real-life illustrations for all your tax and legal questions.

I find this resource to be a great tool for all my clients and a compliment to the services I provide. You can find more information and explore purchase options by clicking HERE. Don’t hesitate to reach out with any questions you may have about the guide. If you’ve used it before, please share your experience with me. I look forward to hearing from you, either way.

All the best,

Barbara

Barbara L. Starley, CPA

Barbara is a best-selling author and trainer who uses her extensive QuickBooks(r) knowledge and professional expertise to serve primarily churches and related not-for-profit organizations. She is the founder of the Good Steward Church Academy, a member-based community of like-minded bookkeepers, pastors and treasurers who desire to honor God with their church finances.

As your On-Call Controller, Barbara bridges the gap between your in-house staff (maybe that's you) and your outside advisors. Her goal is to empower you to do what you can do yourself and to understand why you need to do it. You also have Barbara "on-call" for quick question support, further training, and troubleshooting, if your books get messy.

Churches, as a subset of all not-for-profits, are often under-served. Barbara believes that she has been called to change that. Integrity is a core value in how she trains and advises her clients. Having a clean set of books that tell a story and allow for wise-decision making is paramount to the success of any organization. She loves to see the light bulbs go on for her clients in the area of accounting and financial reporting and she looks forward to working with you!

https://www.goodstewardchurchacademy.com
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