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Market
Value
Ask the question, “What would someone with a comparable education
be paid if he worked in the major industry in our community?” That
will help you learn the pay scale in your community.
A
Raise that Costs the Church Nothing
What if you could give every minister a large raise without costing
the church a penny? If that were possible, would you invest some
time in having someone who knows finances look into it and report
to the elders?
By structuring the same compensation package to take advantage
of tax laws that the Internal Revenue Service puts in place to help
ministers, you will be able to give the ministers more money. The
government makes laws that help preachers at tax time. It is up
to you and the ministers to learn how you can use those laws to
the best advantage.
With housing allowance laws, tax laws and insurance structure,
a congregation can significantly decrease a minister’s tax burden.
All of this is according to government regulations. Many churches
do not realize the opportunities available. These are not “creative
accounting” or unethical tricks.
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There are many things that the Internal Revenue Service has in
place to help ministers. The church and the ministers need to know
to ask for them or to complete the right form. Find a tax advisor
who specializes in working with churches and ministers.
A local accountant or tax advisor may work with a few preachers.
However, the tax law concerning preachers is complex and specialized.
Your tax advisors are probably first rate, yet it is unfair to expect
them to know every aspect of the tax laws that apply to ministers.
They simply do not see enough cases to make it worth their time
to learn all the details.
Find someone who works specifically with minister taxes and ask
them for help. You may contact area churches to see who they use.
Often a call to a Christian college or university will be helpful.
The time and money spent in doing that will help the church for
a long time. It will allow you to pay your present preacher more.
In the future it will make working with your congregation more attractive
when you are searching for a minister.
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This
article is from
Shepherding:
Ten Ways to Be a More Effective Elder
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