Prevent Payroll Mistakes: What Churches Need to Know
Nearly every church faces an important, but often challenging, task throughout the month: payroll. Churches must follow important rules and requirements to avoid penalties—and to make sure every pastor and employee's paychecks and withholdings are correctly handled. In this one-hour video, Rich will cover several topics, including:
- What is taxable income?
- What gets reported on a W-2?
- The tax treatment of pastors
- Payroll tax reporting requirements for churches
- Penalties for staff and volunteers for errors