Common tax mistakes made by ministers and how to avoid them

Each year, Lindsey Allen grabs a pen and highlighter to comb through the “Ministers’ Tax Guide” provided through GuideStone Financial Resources. It’s been her practice for decades. It helps her “feel ready to tackle the time-consuming job of doing our taxes. The guide also gives me a heads-up for our future retirement planning, such as […]

Churches: How to file for ERC tax refund

The Employee Retention Credit is a tax refund that is available to churches who kept employees on the payroll during the pandemic of 2020-2021. Initially, eligible employers had to choose between the Paycheck Protection Program or the Employee Retention Credit. Then in 2021, Congress allowed eligible employers to apply for both. So the two programs […]