Tax-advantaged plans use the tax code ― Sections 125, 105, and 106 ― to allow employees to pay for certain expenses with pretax dollars. These plans need to be established and sponsored by employers and permit employees to use voluntary, pretax deductions from their paychecks to reimburse certain eligible expenses tax-free. This results in tax savings for the employee, and it’s why the plans are called “tax-advantaged.”
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Disclaimer: Sacred Space Online Learning (SSOL) seeks to provide individuals with information about religious, spiritual, or faith-based online resources from a variety of sources. Sacred Space Online Learning does NOT claim ownership over this online course or online offering. Sacred Space Online Learning is also NOT responsible for the accuracy of the materials, the content, the way they are advertised or taught, or the costs associated with this online course or offering. The views and opinions expressed in this online course or offering are those of the creators and/or the persons appearing in the online class or offering. They do not necessarily reflect the views and opinions of SSOL, the OFLD, or MCC. If you have any questions or concerns please contact the creator(s) of the given online course or online offering.
Increasing Employee Take-Home Pay – Using Section 125 Healthcare Dues-Only Plans (Board of Pensions – PCUSA)
A feature of Section 125, new to many churches, permits employers to set up plans that allow employees to use pretax dollars to pay any amount they contribute toward medical dues.
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Disclaimer: Sacred Space Online Learning (SSOL) seeks to provide individuals with information about religious, spiritual, or faith-based online resources from a variety of sources. Sacred Space Online Learning does NOT claim ownership over this online course or online offering. Sacred Space Online Learning is also NOT responsible for the accuracy of the materials, the content, the way they are advertised or taught, or the costs associated with this online course or offering. The views and opinions expressed in this online course or offering are those of the creators and/or the persons appearing in the online class or offering. They do not necessarily reflect the views and opinions of SSOL, the OFLD, or MCC. If you have any questions or concerns please contact the creator(s) of the given online course or online offering.
Answering the Call to Health in 2016 (Board of Pensions – PCUSA)
Call to Health is a website that encourages you to take specific steps to improve your health and well-being. And, when you complete Call to Health from October 1, 2015 through September 30, 2016, your 2017 deductibles – both individual and family – will be reduced. This year, resolve to take good acre of your health and well-being.
Watch this on-demand webinar and Answer the Call to Health!
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Disclaimer: Sacred Space Online Learning (SSOL) seeks to provide individuals with information about religious, spiritual, or faith-based online resources from a variety of sources. Sacred Space Online Learning does NOT claim ownership over this online course or online offering. Sacred Space Online Learning is also NOT responsible for the accuracy of the materials, the content, the way they are advertised or taught, or the costs associated with this online course or offering. The views and opinions expressed in this online course or offering are those of the creators and/or the persons appearing in the online class or offering. They do not necessarily reflect the views and opinions of SSOL, the OFLD, or MCC. If you have any questions or concerns please contact the creator(s) of the given online course or online offering.
Churches and Religious Organizations (U.S. Internal Revenue Service)
Watch this free IRS webinar to learn:
When it comes to taxes, what is a “church?”
What is a “religious organization?”
How to stay exempt: do’s and don’ts
How do you apply for tax exempt status?
Recordkeeping and filing
Special rules for compensation of ministers
Rules limiting an IRS audit of a church
And more!
Presented by: Virginia G. Richardson, Senior Tax Law Specialist with the IRS Exempt Organizations Division.
Learn more about this on-demand webinar from the IRS
Disclaimer: Sacred Space Online Learning (SSOL) seeks to provide individuals with information about religious, spiritual, or faith-based online resources from a variety of sources. Sacred Space Online Learning does NOT claim ownership over this online course or online offering. Sacred Space Online Learning is also NOT responsible for the accuracy of the materials, the content, the way they are advertised or taught, or the costs associated with this online course or offering. The views and opinions expressed in this online course or offering are those of the creators and/or the persons appearing in the online class or offering. They do not necessarily reflect the views and opinions of SSOL, the OFLD, or MCC. If you have any questions or concerns please contact the creator(s) of the given online course or online offering.
Clergy Tax Law Short-Course (Clergy Financial Resources)
Source: Clergy Financial Resources
This webinar is an audio and Internet training webinar on selected topics that features an in-depth discussion designed specifically to meet the tax and financial needs of today’s churches and clergy
The webinar is designed for church staff and clergy who are interested in recognizing new ways to minimize their own tax liability, in addition to, gaining a better understanding of the current tax laws that affect churches and clergy today.
The webinar will be led by a clergy tax professional and will last between 45 to 60 minutes based on the level of discussion during the session and will cover the following topics:
• What’s new?
• Income vs benefits
• Deduction vs Exclusions
• Employed vs self-employed
• Social security tax
• Opting out of social security
• Allowance vs reimbursement
• Building your salary package
• Taxable income
• Housing Equity Plans
• Reimbursement plans
• Housing/parsonage allowance
• Tax record keeping
• Professional expenses
• Ways to reduce your overall tax liability
Learn more about this religious online webinar on taxes from Clergy Financial Resources
Disclaimer: Sacred Space Online Learning (SSOL) seeks to provide individuals with information about religious, spiritual, or faith-based online resources from a variety of sources. Sacred Space Online Learning does NOT claim ownership over this online course or online offering. Sacred Space Online Learning is also NOT responsible for the accuracy of the materials, the content, the way they are advertised or taught, or the costs associated with this online course or offering. The views and opinions expressed in this online course or offering are those of the creators and/or the persons appearing in the online class or offering. They do not necessarily reflect the views and opinions of SSOL, the OFLD, or MCC. If you have any questions or concerns please contact the creator(s) of the given online course or online offering.
Principles of Compensation Planning for Clergy (Clergy Financial Resources)
Source: Clergy Financial Resources
This webinar is an audio and Internet training webinar on selected topics that features an in-depth discussion designed specifically to meet the tax and financial needs of today’s churches and clergy
The webinar is designed for church staff and clergy who are interested in recognizing new ways to minimize their own tax liability, in addition to, gaining a better understanding of the current tax laws that affect churches and clergy today.
The webinar will be led by a clergy tax professional and will last between 45 to 60 minutes based on the level of discussion during the session and will cover the following topics:
• How to build your salary package
• Auto Expenses
• Housing/Manse/Parsonage
• Professional Expenses
• Allowance vs. Reimbursement
• Ways to reduce your overall tax liability
Learn more about this religious online webinar on taxes from Clergy Financial Resources
Disclaimer: Sacred Space Online Learning (SSOL) seeks to provide individuals with information about religious, spiritual, or faith-based online resources from a variety of sources. Sacred Space Online Learning does NOT claim ownership over this online course or online offering. Sacred Space Online Learning is also NOT responsible for the accuracy of the materials, the content, the way they are advertised or taught, or the costs associated with this online course or offering. The views and opinions expressed in this online course or offering are those of the creators and/or the persons appearing in the online class or offering. They do not necessarily reflect the views and opinions of SSOL, the OFLD, or MCC. If you have any questions or concerns please contact the creator(s) of the given online course or online offering.
Church Payroll Reporting for 2016 (Clergy Financial Resources)
The Conference is an audio and Internet training webinar on selected topics that features an in-depth discussion designed specifically to meet the tax and financial needs of today’s churches and clergy
The Conference is designed for church staff and clergy who are interested in recognizing new ways to minimize their own tax liability, in addition to, gaining a better understanding of the current tax laws that affect churches and clergy today.
Each conference will be led by a clergy tax professional and will last between 45 to 60 minutes based on the level of discussion during the session.
What You Will Learn:
• Church Payroll Requirements
• Clergy W2 Forms
• Taxable and Nontaxable Income for Clergy
• Employee vs Self-Employed
• 941 Reporting
Learn more about this religious online webinar on taxes from Clergy Financial Resources
Disclaimer: Sacred Space Online Learning (SSOL) seeks to provide individuals with information about religious, spiritual, or faith-based online resources from a variety of sources. Sacred Space Online Learning does NOT claim ownership over this online course or online offering. Sacred Space Online Learning is also NOT responsible for the accuracy of the materials, the content, the way they are advertised or taught, or the costs associated with this online course or offering. The views and opinions expressed in this online course or offering are those of the creators and/or the persons appearing in the online class or offering. They do not necessarily reflect the views and opinions of SSOL, the OFLD, or MCC. If you have any questions or concerns please contact the creator(s) of the given online course or online offering.
Optimize Your Housing Allowance (Clergy Financial Resources)
Source: Clergy Financial Resources
The Conference is an Internet training webinar on selected topics that features an in-depth discussion designed specifically to meet the tax and financial needs of today’s churches and clergy The Conference is designed for church staff and clergy who are interested in recognizing new ways to minimize their own tax liability, in addition to, gaining a better understanding of the current tax laws that affect churches and clergy today. Each conference will be led by a clergy tax professional and will last between 45 to 60 minutes based on the level of discussion during the session. The conference focus will discuss the opportunities to optimize your housing allowance and minimize your tax liability.
This webinar is perfect for Clergy, Youth Pastors, Associate Pastors, Seminarians, Church Employees, and Lay Leaders.
Learn more about this religious online webinar on taxes from Clergy Financial Resources
Disclaimer: Sacred Space Online Learning (SSOL) seeks to provide individuals with information about religious, spiritual, or faith-based online resources from a variety of sources. Sacred Space Online Learning does NOT claim ownership over this online course or online offering. Sacred Space Online Learning is also NOT responsible for the accuracy of the materials, the content, the way they are advertised or taught, or the costs associated with this online course or offering. The views and opinions expressed in this online course or offering are those of the creators and/or the persons appearing in the online class or offering. They do not necessarily reflect the views and opinions of SSOL, the OFLD, or MCC. If you have any questions or concerns please contact the creator(s) of the given online course or online offering.
How to Prepare 2016 Clergy W-2 Forms (Clergy Financial Resources)
The Conference is designed for church staff and clergy who are interested in recognizing new ways to minimize their own tax liability, in addition to, gaining a better understanding of the current tax laws that affect churches and clergy today.
Each conference will be led by a clergy tax professional and will last between 45 to 60 minutes based on the level of discussion during the session.
The conference focus will discuss the reporting requirements for church payroll.
What you will learn:
• Understanding clergy compensation
• Completing a clergy W2 form
• Taxable Income
• Deduction vs. Exclusion
• Employed vs. Self-Employed
• Compensation Incentives
• Love Gifts
• Lily Grants
• How to avoid clergy W2 errors
• How to correct them
Learn more about this religious online webinar on taxes from Clergy Financial Resources
Disclaimer: Sacred Space Online Learning (SSOL) seeks to provide individuals with information about religious, spiritual, or faith-based online resources from a variety of sources. Sacred Space Online Learning does NOT claim ownership over this online course or online offering. Sacred Space Online Learning is also NOT responsible for the accuracy of the materials, the content, the way they are advertised or taught, or the costs associated with this online course or offering. The views and opinions expressed in this online course or offering are those of the creators and/or the persons appearing in the online class or offering. They do not necessarily reflect the views and opinions of SSOL, the OFLD, or MCC. If you have any questions or concerns please contact the creator(s) of the given online course or online offering.
How to run a Fair Trade store/holiday sale in your church (Presbyterian Church USA)
Running a store or sale through the local church can be difficult but rewarding to the life of a congregation. Join us as we explore why, how, and helpful tips and tricks. Lauralyn Kolb, Merry Panteleo, and Julie Bills helped with preparation and presentation. Watch the recording.
Disclaimer: Sacred Space Online Learning (SSOL) seeks to provide individuals with information about religious, spiritual, or faith-based online resources from a variety of sources. Sacred Space Online Learning does NOT claim ownership over this online course or online offering. Sacred Space Online Learning is also NOT responsible for the accuracy of the materials, the content, the way they are advertised or taught, or the costs associated with this online course or offering. The views and opinions expressed in this online course or offering are those of the creators and/or the persons appearing in the online class or offering. They do not necessarily reflect the views and opinions of SSOL, the OFLD, or MCC. If you have any questions or concerns please contact the creator(s) of the given online course or online offering.
