2009 Church Tax & Financial Support Planning Seminar

2009 CHURCH TAX AND FINANCIAL SUPPORT

PLANNING SEMINARS

             The most important federal reporting obligation for most churches is withholding and reporting employee income taxes and Social Security (FICA) taxes. A number of unique rules apply to churches and “ministers for tax purposes.”  Yet many churches do not comply with them because they do not understand them. This misunderstanding can lead to substantial penalties.

To help church staff and church lay leaders understand and comply with the tax laws a series of seminars sponsored by the Financial Support Planning Ministry of the Virginia Baptist Mission Board will be held across the state in January-February 2009.  The seminar in Richmond will be held on February 10, 2009, at the Virginia Baptist Resource Center.  The seminar will begin at 10:00 a.m. and end at 2:00 p.m. with lunch provided.

The seminars are designed for church staff and lay leaders who handle taxes and compensation.  Attendees will get help with financial support planning for church staff, including retirement and insurance, handling minister’s taxes and federal reporting requirements for churches.  Jeff Cranford, Financial Support Planning Specialist, Empowering Leaders Team, VBMB will lead the seminars.

For information on the date and location of other seminars or to register for the Richmond seminar,  please contact Melody Fowler, GuideStone Administrative Assistant at 1-800-255-2428 X5293 or by email to melody.fowler@vbmb.org.  The seminars are provided without charge through the Cooperative Mission Budget gifts of Baptist General Association of Virginia churches.