877.772.0462
5/21
Housing Allowance
in Payroll
Ok, from time to time there is some confusion regarding housing allowances for Ordained Ministers. I will say, most ordained ministers know this stuff better than us accounting folk... I mean, it is their salary! Anyway, this is our attempt to explain what this looks like...
The IRS excludes the costs of renting or maintaining a home from the gross income of a "duly ordained, commissioned,... keep reading
5/6
Ordained :: Employee vs. Self-employed
in Payroll
I'll just tell you right up front, this isn't going to be the most fun post to read. It's got a bunch of accounting / tax / nerd stuff in it. BUT, it's useful information. So, here goes...
If you want, you can take notes like this girl
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Social security taxes are collected under two separate tax systems:
FICA (Federal Insurance Contributions Act) - where half the tax is... keep reading
