Audit/Accounting ♦ Tax Issues ♦ Payroll Issues ♦ Ministers/Churches ♦ Tax Exempt
Our Services Include:
• Audit / Accounting Issues
Financial statements – audited, reviewed, or compiled, accounting systems, charts of accounts, accounting for contributions made and received, appropriate accounting methods, accounting for receipts, accounting for disbursements.
• Tax Issues – 1040
Individual and ministers’ tax returns, IRS audits, employee business expenses including travel and entertainment, auto expenses, housing allowance, tax-sheltered annuities, home office deduction, and guidelines for charitable giving.
• Payroll Issues
Payroll tax returns, deposit requirements, fringe benefits and deferred compensation, housing allowance, ministers’ special status, church employees, the election out of the social security system, tuition reduction plans, accountable plans for employee business expenses, and employee or contract labor decisions.
• Ministers
Special status for payroll taxes, housing allowances, tax issues, self-employment tax, personal financial statements, compensation, and the election out of the social security system.
• Tax-Exempt Organizations
Filing requirements, Form 990 Return of Organization Exempt from Income Tax, Form 990-T (unrelated business income), obtaining exempt status, computer consulting, management advisory services, political activities, losing your tax-exempt status, guidelines for charitable giving, transactions with related parties