Business Notes - from the desk of Wanda Daubenmeyer

2009 Salem Presbytery Financial

• Click here to download the 2009 Financial Report for Salem Presbytery.

2010 Approved Budget (from February 20, 2010 Presbytery Meeting)

• Click here for the 2010 Budget in as an Excel file.
• Click here for the 2010 Budget as a PDF.

Attention Treasurers

Acts 16:5 monthly payments to Salem Presbytery must be written on a separate check. Please do not include the total with your benevolences.

The IRS guidelines can be difficult to follow sometimes. Easy to understand details of the above information can be found in the Church Law & Tax Report November/December issue (subscription required). Also, if you would like further information you may order the 2010 Church & Clergy Tax Guide from http://store.churchlawtodaystore.com/20chcltaxguf.html

Insurance Matters

Brotherhood Mutual Insurance extends a special offer to our churches with the Partnership Group Program.
Click here for details.

Visit the legal library
Churchlawtoday.com is the most extensive online legal library specifically for churches and clergy. Sign up today to receive a discounted rate of $50 per year (regularly $78) including the invaluable newsletter Church Finance Today. Membership includes access for all members of your congregation.

Sign up now by visiting https://secure.christianitytoday.com/cltr/register.php and completing the following steps:

• Scroll down to the group membership options
• Enter Umbrella Group ID: cft909 and click next (for discounted price)
• Fill in registration form

Click here for more details about Church Finance Today

Another Great Resource- Church Law & Tax Report

FREE E-newsletters available! Click here

• CHURCH LAW & TAX UPDATE (TWICE MONTHLY)
  Keep yourself informed on the legal trends and breaking developments that affect church leaders.
• CHURCH FINANCE UPDATE (MONTHLY)
  Manage your ministry's resources wisely by keeping up-to-date on all aspects of church finance.  
• YOUR CHURCH SAFETY ALERT (TWICE MONTHLY)
  Better evaluate and address the financial, legal,and physical safety of your church with these tools.
• YOUR CHURCH NEWSLETTER (EVERY OTHER WEEK)
  Find support, information and tips to help you with all areas of the business side of minisry.
  

• Website- http://store.churchlawtodaystore.com/
• Other links from Your Church Resources
  • Church and Clergy Tax Guide
  • Compensation Handbook for Church Staff
  • Essential Guide to Church Finances
  • Free Samples

Resources:

• Tax Guide for Ministers and Churches
• Social Security and the Benefits Plan for Ministers and Churches

NEW FORM: Committee Meeting Expense Voucher

Committees will need to complete the NEW Committee Meeting Expense Voucher, updated 2/16/2009 and discontinue use of the old form. You can download and print the new form online by clicking here (Resources >Forms), or pick up some of the gold forms at the Presbytery office in the workroom.

New changes to 403(b) plans effective January 1, 2009

A 403(b) tax-sheltered annuity (TSA) plan is a retirement plan offered to tax-exempt organizations, including churches. Any organization with a 403(b) plan must establish a written plan by January 1, 2009.

For more information on the new regulations and how they affect you, contact Wanda Daubenmeyer at 336-766-3393 ext. 125 or by email at wdaubenmeyer@salempresbytery.org

See the IRS page for more information on 403(b) plans: http://www.irs.gov/retirement/article/0,,id=172430,00.html

Click here for a humorous video on budgets

The Salem Presbytery website seeks to post information affecting its constituent churches; however, the posting of such events does not indicate that the Presbytery does or does not endorse the event.  We do not post editorial submissions from our churches though we do provide links to their websites and other appropriate websites when available.