877.772.0462
5/13
Housing Allowance
in Church Taxes, Human Resources, Payroll
The IRS excludes the costs of renting or maintaining a home from the gross income of a "duly ordained, commissioned, or licensed minister of a church." For simplicity, we will use the word "commissioned." (An employee holding an administrative position may also qualify for a housing allowance.)
The housing allowance is limited to the lesser of:
The amount designated as the... keep reading
5/6
Budgeting for New Churches
in Accounting
When a church is getting started, there are a lot of expenses and very little, if any, income, creating a massive gap between income and expenses.
As the church gets established, expenses come down (there’s not as much capital being purchased), and people start attending and giving, so income increases. The gap comes closer together.
A budget does three things that will... keep reading
