Helping churches and ministers with tax questions
Tax season is here: a time when churches must prepare forms such as W-2s for employees and should provide givers with written acknowledgments of tax-deductible tithes and offerings. In addition, […]
A New Way to Give to Your Church
There is a great new way to give for people 70-1/2 and older who have an IRA. Actually, it is not new, but now it is permanent and advantageous even […]
Observations about the 2018 Layman’s Salary Study
The 2018-2019 Layman’s Salary Study is available now at alsbom.org/ccs. Click on the Resources tab. To obtain more data concerning a particular position, click on the national study at the same website. There you […]
Most Important Tax News for Church Planters
We, here at your State Board of Missions, seek to provide helpful assistance to each and every pastor/planter in Alabama. Lee Wright, one of your fellow state missionaries, and I […]
Financial Q&A for the Bivocational Pastor
The number one financial question among bivocational pastors is “Can all my income be in housing allowance?” Answer: “Yes, if that is appropriate for your situation.” The average bivocational pastor […]
Most Important Tax News in a Generation
Many church members believe that the pastor is self-employed. Many churches treat the pastor as self-employed concerning compensation and taxes. But the truth is that the minister serving a church […]
Church leaders urged to be wise managers of Lord’s money, educated on tax laws
It’s the Lord’s money and church leaders need to use it wisely, said Lee Wright, coordinator of church compensation services for the Alabama Baptist State Board of Missions. Wright speaks […]
Important IRS News for Churches
There are 2 pieces of information important to church staff and church treasurers as we begin the new year. See IRS.gov, then click on the news tab. IRS mileage rate for […]
It’s Time to Freeze Your Credit
You have heard the news reports about the Equifax data breach. You should assume that your personal information is in the hands of criminals. You have also heard the instructions […]
Is Your Ministry Safe?
Did you know that one out of four girls and one out of six boys will be sexually abused before age 18? Further, two out of three victims will not […]
