The Beginner’s Guide to Self Employed Tax

Of course you can read about all this information regarding small business and taxes from the IRS.  You just need to drink a gallon of coffee before you start.  I’ll try and simplify things and explain them in a way that is easy to understand. This will be my seventh year to file as a self-employed individual.  To be perfectly honest, self employment tax information is never fun, but when you … [Read more...]

Ministers and Pastors Social Security Tax | Should You Opt Out?

Those outside paid ministry think that ministry is just about hearing and answering a call.  But there is much to deal with on the side of the minister's salary and relationship with the government. Ministers have very special tax and income situations.  This includes things like a housing allowance, employment status (self employed or employee), and social security.  Ministers also have … [Read more...]