This content was written for ChurchLaw.TV
Pastoral Compensation at ChurchLaw.TV
Going to church is a great way to train your life and get the weekly counsel that you need to battle every day life. It’s like food for the body but food for the Spirit. So as the pastor delivers his message have you ever wondered how much is he paid to do his job? How does pastoral compensation work? Does he receive benefits? Is he paid like any other employee at any other job?
The answer is for the most part yes but there are differences. The pastor is an employee of the church. So as the employee anything that benefits the pastor is a form of compensation. There are specific rules that apply to employees in religious organizations and churches and if not followed can be detrimental to the growth of an organization and detrimental to an employee’s job. The ins and outs of pastoral compensation are very important. Churchlaw.TV understands this.
With ChurchLaw.TV compensation evaluation studies are personalized to give the needed information in determining which compensation packages are right for pastors and employees. Pastors and organizations need protection from penalties by the IRS. Through ChurchLaw.TV Winters and King Inc has assisted over hundreds of pastors and employees in determining these pastoral compensation packages through compensation evaluation studies. We provide the proper advice needed in making these decisions. We find out if the pastors or employees are underpaid and represent them accordingly.
Some of the advice we provide details how to comply with IRS regulations, documentation of compensation arrangements, setting competitive ranges based on our recommendations, selecting a committee of pastoral compensation which will be comprised of unrelated and non-disqualified entities. We also give advice on how to use national, public, and private salary surveys to use comparable based data. We advise our clients regarding retirement plans, defer income tax issues, and planning ahead, displaying all options available to you as the client.
As a pastor, leader, and most respected in your organization you also need the proper representation for you and your organization. It is important to make sure that you are not underpaid in properly compensated for your service. ChurchLaw.TV holds the tools by way of Winters and King Inc to make sure you are properly represented in your legal issues. We want to make sure that your organization stand strong and you are properly compensated for holding such an organization together. To utilize our services call 918-494-6868.
This content was written for ChurchLaw.TV
ChurchLaw.TV for Your Pastoral Compensation
Are you looking for new or better legal representation for your religious organization? Are you a pastor is looking to make sure you are compensated properly for your services? You need the right people to make sure you are legally covered in the event that things go bad. For this kind of efficient representation for pastoral compensation you should visit ChurchLaw.TV.
Winters and King, Inc. Have provided personalized Compensation Evaluation Studies that provide the information needed to determine the proper competitive compensation packages for pastors as well as other key employees. This is done while also making sure your organization is protected from IRS penalties. They continue to assist hundreds of pastors and key employees with these studies. Helping establish reasonable ceilings of compensation packages for organizations are based on their access to unique confidential comparable data that is not available to the public. This is one of the many reasons you should go with ChurchLaw.TV for your legal services.
They also provide advice such as how to select the right compensation committee, how to set competitive compensation ranges based on their recommendation, how to use comparable data based on private, public, and national salary surveys, how to properly document compensation arrangements, and how to comply with the governmental and IRS regulations that pertain to reasonable pastoral compensation. Winters and King, Inc. have proven their tools very valuable to clients undergoing IRS audits and/or inquiries by the Senate Finance Committee. You may be an organization unaware that failing to follow IRS guidelines can and will result in severe tax penalties against both the person receiving the compensation and the people that approved the compensation. Again the studies at ChurchLaw.TV eliminate any possibility of members of the board or compensation committee receiving penalties from the IRS. This protects the executive is well.
They can also advise you on the right retirement plan by using 403 (B) plans and Rabbi Trusts. Many of these retirement plans allow the executive to set aside large amounts of compensation without having to pay income taxes at the same time it is earned. This is very valuable in deferring income tax on income that is above the annual limits usually placed in other retirement plans. They can advise you on the best options available to you whether you are planning ahead or just needing to catch up as your in your letter working years. Compensation issues can be a touchy subject for an organization but it is made easy and simple once you have the guidance of ChurchLaw.TV.
The staff at Winters and King, Inc are absolutely passionate about helping churches and nonprofit organizations establish their own reasonable and competitive compensation packages through ChurchLaw.TV. This legal representation for your church or religious organization and make sure that you are receiving the proper pastoral compensation. Utilize the efficient studies and advice received with ChurchLaw.TV. You need the proper people to make sure you are legally covered at all times. Call Winters and King at 918-494-6868 today.