Author Archives: Kristin
Congress does something right, for a change.
Back in December, Congress voted to extend the 2011 reduction in the social security rate paid by employees (the 2% reduction those of us subject to social security tax have been enjoying) until February 29, 2012. Last Friday, they voted … Continue reading
Posted in Accounting, Economy, Tax
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Fun with FICA tax!
One confusing area of church payroll is how to handle Social Security & Medicare taxes for Ordained/Licensed ministers. Ordained/Licensed ministers are considered to be self-employed when it comes to their income from the church. This means that churches are not … Continue reading
Posted in Accounting, Tax
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