CAROL STREAM, Ill. (WordNews.org) Feb. 9, 2017 – It can be a sometimes thorny issue: What do you pay the pastor?
Richard Hammer, author of the 2017 Church & Clergy Tax Guide, says compensation planning for ministers presents a number of unique tax issues that aren’t understood well by church leaders and their advisers. He said the three key tax considerations churches need to review when structuring compensation plans for pastors are: Salary, housing and equity allowances, and a accountable business expense reimbursement policy.
Explanations on these areas can be found in the guide, found here.
Christianity Today is also conducting a national survey on church staff compensation. Survey findings will appear in the 2018 Compensation Handbook for Church Staff.
Pastors, church business administrators, worship leaders, children’s ministers, and all other persons employed by the church are urged to take this survey, which can be found here.
Survey participants will receive their choice of one of three resources for free: a downloadable resource on church finance, a downloadable Bible study, or a 6-month subscription to Christianity Today magazine.
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