Church Accounting Video Series

Minister's Housing Allowance Basics

– Who can claim housing allowance?

– Why would a minister want a housing allowance?

– What is the limit?

– What expenses can be excluded under housing allowance?

– What if a minister lives in church-provided parsonage?

Bank Reconciliations

– Why are bank reconciliations important?

– What is the goal of a bank reconciliation?

– What are the steps in a bank reconciliation?

– How do you do a bank reconciliation in FlockBase?

501(c)(3) Status for Churches

– Churches are automatically tax exempt per IRS Code Section 501(c)(3).

– Should your church still apply for recognition?

– What are the potential benefits of receiving a determination letter from the IRS?

– How do you apply for recognition?

2021 Tax Updates for Churches

Year-end Tax & Accounting Update for Church Treasurers (01/23/21 Webinar Replay)

– Tax saving tips for ministers

– Structuring ministerial compensation packages

– Maximizing the ministerial housing allowance

– Fine tuning tax‐free employee reimbursements

– Car allowance or mileage reimbursement?

– Advantages and disadvantages of opting‐out of Social Security

– Offering tax free health insurance for employees

– Common payroll reporting errors

– Reporting cash & non‐cash contributions

– Form 1099s NEC and MiSC

– Applying for 501(c)(3) tax-exempt status

COVID-19 Tax Update for Churches
(01/23/21 Webinar Replay)

– Intro to CARES

– Payroll Protection Program Loans & EIDL Grants

– Employee Retention Credit

– Deferral of Payroll Taxes

– Relaxed Rules for Charitable Contributions

– Mandatory Sick/Family Leave Pay

– Consolidated Appropriations Act

Getting Started with FlockBase

Getting Started with Flockbase Part 1
(01/23/21 Webinar Replay)

Getting Started with Flockbase Part 2
(01/23/21 Webinar Replay)

– Full walkthrough from purchasing to reporting

– Explanation of certain features and why things are laid out the way they are