Mastering Fifteen End-of-Year Tasks
Mastering Fifteen End-of-Year Tasks
Use this to-do list to finish the year well and start 2020 right.

Various critical financial tasks must be completed before the first of the new year. To help church treasurers navigate this, Church Law & Tax asked several tax and accounting experts to review our list of year-end tasks, keeping in mind any tax law changes that might affect a treasurer’s end-of-the-year to-do list. Here, then, is an updated list of tasks that should help you finish 2019 well and get started right in 2020.

1. Designate a housing allowance

The board or congregation should designate a housing allowance for 2020 for ministers who own or rent their home (and for ministers who live in a parsonage and who pay some of their housing expenses). Find sample housing allowance and parsonage allowance resolutions in chapter 6 of Richard Hammar’s annual Church & Clergy Tax Guide.

Note. The legal challenge to the housing allowance has been resolved and this valuable benefit provided to ministers remains intact.

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Posted: November 4, 2019
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