Church Accountants: Preparing W-2 and W-3 Forms

Preparing W-2 and W-3 Forms for Church Accountants

In this video, I walk you through how to prepare W-2 and W-3 forms for pastors and lay employees.

Be sure to check out my video on quarterly 941 payroll tax return forms, as having correct quarterly 941 returns is the first important step in preparing the W-2 and W-3 forms. Watch here:    • Church Accountants: Preparing 4th Quarter ...  
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RESOURCES

Printable PDF for this video: https://www.cpachurch.com/s/Preparing...

Preparing 4th Quarter 941 Payroll Tax Returns
Video:    • Church Accountants: Preparing 4th Quarter ...  
Printable Resource: https://static1.squarespace.com/stati...

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COMMON TAXABLE FRINGE BENEFITS
Video:    • Common Taxable Fringe Benefits for Church ...  
Common Taxable Fringe Benefits printable: https://www.cpachurch.com/s/Common-Ta...

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How Church Payroll is Different from Business Payroll printable: https://www.cpachurch.com/s/How-Churc...
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Questions or need help? Contact Kathy!

217-877-6766
[email protected]
website: https://www.cpachurch.com/

🔔 Subscribe for more PowerChurch tutorials, church accounting training, and fund accounting tips from Kathy’s Korner.
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ABOUT ME:

Welcome to Kathy’s Korner!

Hi, I’m Kathy Holt. I am a trainer and partner at Stewardship Resources, LLC. I specialize in church accounting and work with church leaders on church financial management and growth. I also train and support church bookkeepers in fund accounting and software setup. I am an authorized teaching consultant for PowerChurch Plus Church Accounting Software and a QuickBooks ProAdvisor.

I hope this video helps you. Thanks for joining me! God bless and have a fantastic day!
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This video contains information about churches and tax matters. This information is general in nature and does not consider your organization's specific circumstances. This information should not be treated as an alternative to taxation advice from an appropriately qualified professional.

#ChurchAccounting #FundAccounting #ChurchBookkeeping #AccountingTips #NonprofitAccounting

CHAPTERS
00:00 Intro
00:36 Checks and Balances Before you Print
01:46 Correct 941s for each quarter
02:16 Resource: Preparing 941 Forms
02:39 Checks and Balances for W-2 and W-3 Forms
03:49 Payroll Items Flow to W-2 Form
04: 44 Calculation Totals
05:20 Printing W-2 Forms
06:01 Example Pastor’s W-2 Form
06:42 Review Amounts on Pastor’s W-2
07:35 Example of a Lay Employee’s W-2
08:47 Example W-3 Form
09:19 Checks & Balances for the W-3 Form
12:00 Corrections
13:08 Knowledge is the Key!
14:20 Who can you call for help?
15:05 Print and e-file W-2 and W-3 Forms
15:28 Due February 2nd (for 2025)
15:46 IMPORTANT REMINDER: SAVE A COPY
16:04 E-Filing IRS requirements
17:35 Resource: Preparing 941 Forms
17:53 Get a head start on your January to-do list
18:13 Resources
18:33 God bless!