Annual All-Day Clergy Seminar, sponsored by the Brethren Academy for Ministerial Leadership and Bethany Theological Seminary in Richmond, IN.
Session 1. From 11am to 12:30pm ET, “Everything you ever wanted to know about clergy taxation, Part 1.” Topics covered: Stimulus checks, advanced child tax credit, who is considered a minister and what work is considered ministerial.
Session 2. From 12:45pm to 2:15pm ET, “Everything you ever wanted to know about clergy taxation, Part 2.” Topics covered: Housing exclusion, parsonages and parsonage adjustments, and self-employment taxes, as well as business expenses and how they can reduce self-employment income. (Topics may appear in different sections than described.)
Session 3. From 2:45pm to 3:45pm ET, NEW! Pastoral Compensation & Benefits
The Chair of PC&BAC is very pleased to bring you the brand new “Pastoral Compensation Calculator” and “Integrated Annual Ministry Agreement” (which will replace both the start-up and renewal agreements)! Full of critical changes regarding how pastors and congregations negotiate around scale and ministry responsibilities, and coming to a vote at Annual Conference this summer!
Session 4. From 4pm to 5pm ET, Completing the Clergy Tax Return.
Rev. Zeke Zacharias, pastor at Litlold Church, has been struggling through the same congregational-COVID issues that all of you have. Let’s see how he’s handled himself in 2021. I’ll be using H&R Block’s Self-Employed version of their downloadable software.
During this 6-hour webinar, you will learn a great deal about clergy tax law, tax preparation, and clergy compensation. It will be a resource-full day, so plan to take care of yourself as you learn. Eat when you’re hungry. Get a drink when you’re thirsty. Stand up and walk around when you need to. But most importantly, ask questions! If you have a question, Deb guarantees at least 6 other people are wondering the same thing!