Navigating Church Finances: Keeping it Simple & IRS Compliant l Church Bookkeeping, Church Payroll, Minister Taxes
Hey there, I’m Michelle and I love all things Jesus, business and church finances! I help church finance individuals just like you go from feeling confused and frustrated with what you don’t know about church finances, to being more confident in your role while increasing your proficiency and expertise in the church finance realm. Are you tired of Google searches that result in endless pages of answers to your questions about church finances, housing allowances and clergy taxes? Do you need help with getting the right processes and procedures in place for your church office or business? Are you looking for a group of like-minded believers who understand your desire to do business and serve the local church God’s way? In this podcast, you will find practical AND biblically based business solutions for your church office or bookkeeping business that serves churches . We will give you tried and true bookkeeping tips and lessons that are specific to the church ministry and other foundational practices that you need in place to make sure that the church(es) that you serve are in compliance with current industry standards and IRS tax code. My mission is simple: to help church bookkeepers/treasurers/finance individuals become more confident in their role and increase their expertise in church finances so the church can continue her mission of spreading the Gospel of Jesus Christ If you are ready to walk out the calling the Lord has on your life while serving Him with excellence - then you are definitely in the right place! If you are ready to serve your church with confidence while keeping God at the center of everything you do - this podcast is for you! So grab a notebook and pen to take some great notes. It’s time to serve Him with Excellence! Learn: www.churchfinances.org Community: https://www.facebook.com/groups/churchbookkeepingandclergytax
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Episodes
Wednesday Nov 22, 2023
Wednesday Nov 22, 2023
Regardless of what's going on in your life or your business, there is ALWAYS something to be thankful for.
In today's episode, I go over some items that we should all be thankful for this year.
Thanks for taking a listen and I hope you have a very Happy Thanksgiving!
xo,
Michelle
Next Steps:
Grab Your Freebies:
https://churchfinances.ck.page/6steps biz owners
https://churchfinances.ck.page/guide everybody
Schedule a Consultation:
https://churchfinances.org/consult
Join the FB Community:
www.facebook.com/groups/churchbookkeepingandclergytax
Wednesday Nov 15, 2023
Wednesday Nov 15, 2023
Check your W-4 information - make sure have all required information on all current and past 2023 EE’s and update if neededThis is also a good time to update your EE files with any new information or missing info incl. I-9’s
Beginning January 2024, the IRS has issued final regulations for filing paper return and you now have to file electronically if you have only 10 or more W-2 OR 1099’s to file.W-2’s SSA.gov/BSO = you will have to create a new login through either ID.Me or Login.gov
I use track1099 to file my 1099 forms Can either email or print and mail to contractors
Make a list of all your contractors and make sure you have the info needed
If you're ready to get serious about learning church finances, you can join the Bookkeepers Inner Circle which is my paid private coaching community for all things church finances where you will have access to me each month for a LIVE Q & A session along with monthly training videos. To check it out go to, www.bookkeepersinnercircle.com and join today!
xo,
Michelle
Next Steps:
Grab Your Freebies:
https://churchfinances.ck.page/6steps biz owners
https://churchfinances.ck.page/guide everybody
Schedule a Consultation:
https://churchfinances.org/consult
Join the FB Community:
www.facebook.com/groups/churchbookkeepingandclergytax
Wednesday Nov 08, 2023
Wednesday Nov 08, 2023
Today we will be talking about things we want to accomplish in this last quarter. We will talk about 4 tasks I want you to do:
1. Tell your members about donation deadlines
2. Understand the $250 rule
3. Locate your 501c3 letter
4. Review your insurance policy
I hope this gets you off to a good start on checking off those year-end tasks.
As always, thanks for sharing your time with me.
xo,
Michelle
Next Steps:
Grab Your Freebies:
https://churchfinances.ck.page/6steps biz owners
https://churchfinances.ck.page/guide everybody
Schedule a Consultation:
https://churchfinances.org/consult
Join the FB Community:
www.facebook.com/groups/churchbookkeepingandclergytax
Wednesday Nov 01, 2023
Wednesday Nov 01, 2023
In todays episode I walk you through three reasons why generally all love offerings to staff members are considered taxable income by the IRS.
It can be frustrating, but the IRS is clear that "income from whatever source derived" is taxable.
Take a listen to see what else the IRS has to say on the topic.
As always, thanks for taking time to listen. I truly appreciate it!
xo,
Michelle
Next Steps:
Grab Your Freebies:
https://churchfinances.ck.page/6steps biz owners
https://churchfinances.ck.page/guide everybody
Schedule a Consultation:
https://churchfinances.org/consult
Join the FB Community:
www.facebook.com/groups/churchbookkeepingandclergytax
Thursday Oct 26, 2023
Thursday Oct 26, 2023
Wahoo! We are back in podcast land and I am SO happy! Thanks for your patience while I worked through a few obstacles.
Today we are talking about steps to help you in the budgeting process.
They are:
1. Identify & Evaluate the programs and activities most important to your church
2. Define your Church Compensation Philosophy
3. Give your best estimate of the funds you will need to accomplish your mission
As always, I thank you SO much for spending some of your valuable time with me. I look forward to talking with you again soon!
xo,
Michelle
Next Steps:
Grab Your Freebies:
https://churchfinances.ck.page/6steps biz owners
https://churchfinances.ck.page/guide everybody
Schedule a Consultation:
https://churchfinances.org/consult
Join the FB Community:
www.facebook.com/groups/churchbookkeepingandclergytax
Monday Sep 04, 2023
Monday Sep 04, 2023
Knowing who qualifies for salary and who doesn't is an important process you need to know for your church. Listen to todays episode to find out who can be on salary and who can't.
xo,
Michelle
Next Steps:
Grab Your Freebies:
https://churchfinances.ck.page/6steps biz owners
https://churchfinances.ck.page/guide everybody
Schedule a Consultation:
https://churchfinances.org/consult
Join the FB Community:
www.facebook.com/groups/churchbookkeepingandclergytax
Monday Aug 28, 2023
Monday Aug 28, 2023
Understanding the Ministerial Exception can help clarify how to properly pay your church employees. Take a listen!
xo,
Michelle
Next Steps:
Grab Your Freebies:
https://churchfinances.ck.page/6steps biz owners
https://churchfinances.ck.page/guide everybody
Schedule a Consultation:
https://churchfinances.org/consult
Join the FB Community:
www.facebook.com/groups/churchbookkeepingandclergytax
Monday Aug 21, 2023
Monday Aug 21, 2023
Today we touch on Housing Allowance, Reasonable Compensation and Benefits.
xo,
Michelle
Next Steps:
Grab Your Freebies:
https://churchfinances.ck.page/6steps biz owners
https://churchfinances.ck.page/guide everybody
Schedule a Consultation:
https://churchfinances.org/consult
Join the FB Community:
www.facebook.com/groups/churchbookkeepingandclergytax
Monday Aug 07, 2023
Monday Aug 07, 2023
I am SO excited to be back teaching church finances this week! In addition to discussing the foundation of church finances and managing contributions and donations, we will also hear about a recent Supreme Court case that is relevant in the church world and to Christians in general.
Grab your notebook and pen and let's get ready to learn!
xo,
Michelle
Next Steps:
Grab Your Freebies:
https://churchfinances.ck.page/6steps biz owners
https://churchfinances.ck.page/guide everybody
Schedule a Consultation:
https://churchfinances.org/consult church staff/volunteer
Join the FB Community:
www.facebook.com/groups/churchbookkeepingandclergytax
Monday Jul 31, 2023
Monday Jul 31, 2023
Thank you for joining me as I interviewed my podcast coach!
In this episode Ms. Stefanie Gass shares her 7 step Spiritual Battle plan with us and even provides a workbook to help you! Check out the link below.
7-STEP SPIRITUAL BATTLE PLAN
www.stefaniegass.com/battleplan
To join my Private coaching Community The Bookkeepers Inner Circle visit www.bookkeepersinnercircle.com
xo,
Michelle
Next Steps:
Grab Your Freebies:
https://churchfinances.ck.page/6steps biz owners
https://churchfinances.ck.page/guide everybody
Schedule a Consultation:
https://churchfinances.org/bizconsult biz owners
https://churchfinances.org/consult church staff/volunteer
Join the FB Community:
www.facebook.com/groups/churchbookkeepingandclergytax