Issue No. 293A of Your Weekly Staff Meeting features a helpful resource book for your pastor and church. And reminder: for my 2013 Top-10 list of books—and my 2013 Book-of-the-Year pick, click here. Plus, this reminder: check out my Management Buckets website with dozens of resources and downloadable worksheets for your staff meetings.
A Week's Worth of Workshops in a Book!
Just in time for tax season (and really…all year-long), the Zondervan 2014 Minister’s Tax & Financial Guide (for 2013 returns), is now available. Authored by ECFA President Dan Busby, CPA, J. Michael Martin, JD, and John Van Drunen, JD, CPA, the guide easily holds the equivalent of a week’s worth of workshops—at a fraction of the cost.
The book includes money-saving strategies for ministers, along with long term financial planning resources for clergy. One of the biggest tax mistakes made by ministers? “Failing to have at least a modest housing allowance designated when living in a church-provided parsonage.” (There are nine more big mistakes.)
Does your minister deduct expenses for a home office? Caution! “The status of a home office as a regular or principal place of business may have a direct bearing on the status of commuting vs. business transportation expenses.”
According to the authors, “last year brought a fresh round of tax changes that are integrated throughout the text. The voluminous laws and regulations that apply to churches and other nonprofits are mind-boggling.”
So…on a scale of 1 to 5 (5 is extremely confident), how confident are you that a) the financial officers of your local church are aware of the “10 Biggest Tax Mistakes Made by Ministers”—and b) that the church is in compliance with the latest IRS rules and regulations?
To order from Amazon, click on the graphic below:
A companion guide, the Zondervan 2014 Church and Nonprofit Tax & Financial Guide (for 2013 returns), is also hot-off-the-press, and is excellent.
Note: This is one of three books reviewed in Issue 293.
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