Tax Services:

Clergy Tax Service:

Stop Overpaying Taxes and Receive Expert Advice

The Clergy Advantage® Suite of clergy tax services provides everything you need to stop overpaying taxes and maximize your unique clergy tax benefits.

We’re dedicated to your total financial well-being through advising, planning and implementing expert strategies.

Personal Tax Preparation and Planning
We don’t just prepare your tax returns: at Clergy Advantage we optimize them and provide a personalized approach to strategically plan for your family’s maximum benefit.

Income Tax Reviews
Individual and Business Returns: Our clergy tax service typically saves ministers hundreds of dollars, or more, the very first year we prepare their taxes. Clergy Advantage® will review your personal tax return in the often overlooked or miscalculated areas:

Clergy Advantage® Retirement Plan
Preserve your housing allowance benefits throughout retirement with specialized clergy retirement and housing allowance strategies. The Clergy Advantage® Retirement Plan gives the non-denominational pastor the same retirement benefits as those with a denominational plan. Compare the differences of retirement options and you’ll agree the benefits are unbeatable.  Be sure you preserve your housing allowance and put it to work for you in this unique plan with advanced strategies specifically for clergy.

Consulting
The only way to know that you’re optimizing your financial situation is by having a clergy tax preparation and planning specialist in your corner.  Put your mind at rest with our nationally acclaimed tax professionals, who offer cutting-edge expertise for individuals and groups.  You’ll gain confidence; get strategies for future tax savings, and save money. For an insightful preview, watch our free webinar, “Tax Free Money for Ministers.”

Premium Support Package (PSP)
Optimize your tax-planning opportunities and cover contingencies as they arise throughout the year for one low annual fee rather than paying hourly rates.  You’ll receive up to two hours of your clergy tax professional’s time during the year and get added benefits like “An Accountable Plan Setup” and “Church Treasurer’s” Workshops for your whole staff.

Church/Organizational Package
This is a great way for churches or organizations with five or more pastors on staff, or for those experiencing or anticipating change, to get guidance and information tailored to your needs.  You’ll also receive group discounts on tax preparation with free workshops and resources for your staff, treasurer and administration to help with church taxes.

Webinars & Workshops
Free workshops and webinars provide information about unique clergy tax and financial opportunities available to ministers. Join us from the convenience of your home or office to learn what can make a world of difference in your finances.

Complete Nonprofit 501(c)(3) Setup
Learn how to set up and manage your nonprofit so there are no surprises. Clergy Advantage® will help you evaluate the benefits and possible disadvantages to you personally.  After hundreds of successful non-profit set ups, we’re confident that you’ll receive the benefit of our experience.

LLC, Partnership & Corporate Tax Returns
We will optimize your business return and coordinate it with your personal tax return for the greatest tax efficiency.

990 Non-Profit Returns
Since the 2008 tax year, 501(c)(3) organizations, except churches, are required to complete and file a form 990 with the IRS.  Take full tax advantage of your exempt status with Clergy Advantage®.

Discounted Group Benefits for Churches, Disability, Short Term Health and Dental Insurance
To be financially prepared today, every one including missionaries on assignment, those in-between health insurance plans or employment, part-time and temporarily employed individuals, and recent graduates need insurance.  Let Clergy Advantage® make sure you’re covered.

You owe it to yourself to see if a Roth IRA is a good strategy for you. We’ve used and advocated converting retirement income into a Roth IRA for many people over the years, but it has become even more appealing due to new tax provisions for 2010.  Some of the restrictions on converting money to a Roth have been removed and you can actually undo any portion of  the conversion as late as October of next year. 

Who should look at a Roth IRA Conversion?

This is an individual discussion because of all the various concerns and factors for each situation. We’re suggesting that everyone take a look at the benefits of converting some or all of a regular IRA into a Roth, particularly if you’re a married minister or in a high or low tax bracket.  Many ministers in the 0% tax bracket don’t realize it because of their housing allowance. These people definitely meet some of the criteria to consider a Roth conversion.   However, you can’t automatically disqualify yourself if you fall into the middle ( 10-15% ) tax brackets either.  Don’t believe you’re too young or too old for this strategy to work for you, either.  For many, but not all ministers, the best time to consider this strategy is when housing espenses are highest.   

Your state tax and estate plan need to be taken into account, as well as,  the cost and possible tax ramifications for the year of the coversion and a myriad of other factors, so it’s not as simple a calculation as one would hope.   Most people shouldn’t  try  to  figure this one out on their own.  The best way to determine and weigh all of the necessary factors is to evaluate your situation carefully with a qualified tax planner and financial advisor.  We’ll go deeper into the ramifications and criteria if you’d like to call us for a personal evaluation or join us for a  free webinar for more details. Learn more details of Roth IRA Conversions  in a free webinar to discover more about Who should convert and Why. Click here for information or to Register.