Pastors Payroll

Description

One of the most confusing parts of running any business is handling payroll. For a house of worship, the confusion is magnified when pastors are involved. Suddenly, in addition to your standard employees, you’re dealing with “dual status” employees and housing allowances.

Perhaps you’ve been wondering:

• What does “dual status” mean?
• Who can be considered a pastor?
• Should I report pastor compensation on a W2 or a 1099?
• How do we determine a housing allowance?
• Can our church withhold taxes for our pastor?

In this webinar we are going to cover these topics:

• Similarities and differences between pastors and standard employees
• The definition and qualifications of a “dual status” employee
• How to report pastor compensation to the IRS
• Best practices for determining, paying, and reporting housing allowances
• Typical concerns and misconceptions about withholding taxes