Cleaning up the year and getting Ready for 2014. No longer a church friendly government Government is broke We are low hanging fruit Loss of 501c(3) status.

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Presentation transcript:

Cleaning up the year and getting Ready for 2014

No longer a church friendly government Government is broke We are low hanging fruit Loss of 501c(3) status Fines Obama CareObama Care Obey the Law

941 or 944 DE9 592-B OOST W-2 W-3 W-4 W-5 EIC You may also need to fill out: I-9 990T DS Excise Tax SI-100 FTB3500A New Church Starting Forms

Toll free (866) for help with W- 2, W-3, 1096, =23108,00.html =23108,00.htmlOrder IRS forms from or =23108,00.html =23108,00.html forms

Housing Allowance for ministerial staff Salary Reduction for 403(b)9 accounts Choose your insurance FSA/HRA/HSA forms if you use high deductible insurance Coverage-Options Coverage-OptionsNotice for employees regarding health plan options Coverage-Options Coverage-Options

October 1, 2013: Provide the Notice to all current employees by October 1, October 1-December 31, 2013: Provide the Notice to new employees who are hired between these dates on the date of hire. After December 31, 2013: Provide the Notice to all new employees who are hired after December 31, 2013, within 14 days of their start date.

How much will the church put in and how much will the staff salary reduce?How much will the church put in and how much will the staff salary reduce? 2014

It’s easy to get behind over the course of the year Here are materials to help you have a “Catch Up the Tithe” Sunday You can download them at the bottom of your screen

Make a gift from your IRA directly to charity in Tax free transfer directly to charity. Gift can count as your required minimum distribution. Must be 70 1/2 years old to qualify. Contact your IRA custodian instructing them to send the gift directly to your chosen charity. Limited to $100,000. Expires January 31, 2014

Covered CA signups by March 31 Quarterly Reports: 941; DE 9 Don’t forget to get W-9s from your guest speakers before giving them their honorarium

Print out Year-end Contribution Statements and Mail Them Statements must have the Statement on them NO goods or services were provided by the organization in return for the contribution IRS can deny the deduction if the statement is not on the Contribution form

13 What Questions can I answer for You? (559) direct line (559) cell phone Rod Wiltrout Church Finance Specialist