The Arkansas Baptist State Convention (ABSC) will offer Compensation Planning Workshops starting in January. This workshop will be led by William Jaques Jr. from the ABSC and is for church ministerial staff and anyone dealing with church finances.
Topics will include proper salary structure for ministers, the importance of reimbursing for professional expenses and providing benefits and understanding what a minister’s housing allowance is and how to designate one.
The workshop will teach participants how to create a compensation structure that is compliant with the Internal Revenue Service (IRS) regulations for ministers. This structure recognizes the unique tax status of ministers and helps churches minimize their ministers’ tax liability in a way that does not violate the IRS code.
“Too many churches fail to understand the importance of compensating their ministry staff properly. This workshop helps churches understand how to compensate ministry staff in a way that will help prevent them from paying unnecessary taxes,” said Jaques, evangelism and church health team member for the ABSC.
The workshops will be held at various locations around Arkansas during the months of January and February.
Preregistration is required. To register and to view times and locations, visit www.absc.org/guidestone. This workshop is made possible by gifts from Arkansas Baptists to the Cooperative Program.