Is your church in compliance with the latest federal and state payroll tax laws? Are you aware that:
Effective January 1, 2011 the IRS requires that all Federal payroll taxes be paid electronically?* The employee withholdings for Social Security is different for 2011 than the employer portion?
* There are very specific rules regarding taxes for Clergy and housing allowances?
* You must provide your paid Pastor a W-2 even if you do not withhold taxes?
* Errors can cause costly interest and penalty charges?
* The church is still liable for unpaid taxes, penalties & interest even if a payroll service makes a mistake or commits fraud?
Martus, the developer of the Electronic Reporting System (ERS) for the IPHC, can put your mind at ease with its Martus Payroll by Intuit. For only $45/month you can have the following:
* Online payroll processing for up to 5 employees
* Unlimited payrolls per month
* Direct deposit for all employees
* Pay 1099 contractors like janitorial or lawn care individuals
* File Federal and State taxes electronically at the touch of a button
* Year end W2’s
* Telephone & Email support from Martus personnel who understand church payroll issues
To find out how you can contact Bill Cox and his staff I am posting the link to his newsletter to get an online copy of the newsletter. http://bit.ly/heChC4
[Editor's Note: Bill Cox and Martus Solutions, LLC are in partnership with LifeSprings Resources and is the official company selected to help local churches and conferences with their bookkeeping and respoting requirements to state and federal agencies.
Bill Cox is the vice chairman of the Board of Trustees of Emmanuel College, and his company, Martus Solutions, LLC, has partnered with Hugh's News, Inc. to design and develop our website and newsletter format. It is professionally done, and I have been absolutely satisfied with their performance. In fact, they have far exceeded my expectations. I highly recommend that you consider utilizing the services of Martus Solutions, LLC for your local church, or conference.]
Posted on
Sat, January 29, 2011
by Hugh Morgan