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Is your church in compliance with current payroll laws?

July 9, 2012

Make sure your church is in compliance with current payroll laws. Clergy Financial Resources payrolls service now includes a “year-to-date” payroll audit. During our audit, we will review each employee’s compensation to to ensure that everyone is being paid in accordance to Federal tax laws.

Clergy Financial Resources is the leading payroll provider for churches. We offers an easy online payroll management service for churches with 1 employee to 200 employees that specifically meets the requirements of religious organizations.

Selecting a payroll company may seem easy at first. However, a closer look at the effort, cost, liabilities, education, and ongoing training reveals some potential challenges. The greatest challenge for the church in selecting a payroll company is finding someone who is truly qualified in clergy tax law.  Knowledge and experience in clergy tax law are critical.  Large payroll companies may be great with payrolls of large secular businesses. However, they only provide payroll service and do not provide any guidance and adequate knowledge relating to clergy compensation, PARP, pension accounts, clergy W-2 forms, etc.  A secular payroll company only knows what you tell them.  If your payroll contact person does not have an accurate and up-to-date knowledge of standard tax law and clergy tax law, your payroll can become nothing more than an exercise in wrongdoing. In 2011, 60% of clergy W-2 forms were issued in error by churches and payroll companies.  Ministry leaders must understand these challenges and recognize the need for industry specialists.

To learn more about Clergy Financial Resources payroll service please visit our website.

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