The IRS

Policies

Understanding and Managing
Church Finances

Managing Personnel Finances

• When you hire
• After you hire
• Annual to-do list
• A formula for setting the pastor's salary
• Employee or independent contractor?

Keeping the IRS Happy

• Clergy taxes in general
• The minister's W2 form
• Important IRS dates
• IRS forms

Financial Policies

• Sample reimbursement policies
• Salary increase agreement
• Salary reduction agreement
• Housing allowance
• Leased vehicles