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Church Finance Today

January 2019
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Feature Article

Employee Lawsuits Against Churches Are on the Rise

Employee Lawsuits Against Churches Are on the Rise Subscriber access only

Why you need to consider employment practices liability insurance.

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What You Need in an EPLI Policy Subscriber access only

12 considerations when purchasing or reviewing this type of insurance policy.

How to Reduce EPLI Costs and Claims Subscriber access only

Best practices for preventing lawsuits.
Tax Calendar

Tax Calendar

Important deadlines for churches and ministers

January 1, 2019

  • Employees and employers each pay Social Security and Medicare taxes equal to 7.65 percent of an employee's wages. The tax rate does not change in 2019. The 7.65 percent tax rate is comprised of two components: (1) a Medicare hospital insurance tax of 1.45 percent, and (2) an “old‑age, survivor and disability” (Social Security) tax of 6.2 percent. There is no maximum amount of wages subject to the Medicare tax. The tax is imposed on all wages regardless of amount. For 2019, the maximum wages subject to Social Security taxes (the 6.2 percent amount) is $132,900. Stated differently, employees who receive wages in excess of $132,900 in 2019 pay the full 7.65 percent tax rate for wages up to $132,900, and the Medicare tax rate of 1.45 percent on all earnings above $132,900. Employers pay an identical amount. The Medicare tax rate for certain high-income taxpayers increases by an additional 0.9 percent.

January 15, 2019

Ministers (who have not elected voluntary withholding) and self-employed workers must file their fourth quarterly estimated federal tax payment for 2018 ...

January 30, 2019

Churches hiring their first nonminister employee between October 1 and December 31, 2018, may exempt themselves from the employer's share of Social ...

January 31, 2019

  • Churches having nonminister employees (or one or more ministers who report their federal income taxes as employees and who have elected voluntary withholding) must file an employer's quarterly federal tax return (Form 941) for the fourth calendar quarter of 2018 by this date. Enclose a check in the total amount of all withheld taxes (withheld income taxes, withheld Social Security and Medicare taxes paid by the employee, and the employer's share of Social Security and Medicare taxes) if less than $2,500 on December 31, 2018.

Semiweekly requirements, January/February 2019

If your church or organization reported withheld taxes of more than $50,000 during the most recent lookback period (for 2019 the lookback period is July ...

Monthly requirements, January/February 2019

If your church or organization reported withheld taxes of $50,000 or less during the most recent lookback period (for 2019 the lookback period is July ...

ChurchSalary

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Dealing with Dangerous People

Dealing with Dangerous People Subscriber access only

This resource goes through safety measures to ward off dangerous individuals from entering your church.
2019 Church & Clergy Tax Guide

2019 Church & Clergy Tax Guide Subscriber access only

Find comprehensive help understanding United States tax laws as they relate to pastors and churches.