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If you are needing help with your pastor salary then give us a call here at Winters & King. We are going to be able to help you come up with a plan to determine if you are being fairly compensated for your time and effort. We will be able to form a compensation evaluation study. This is going to give you an idea of if you are being adequately compensated for the services you are providing to your congregation. We understand that settling on a fair compensation poses unique challenges when it comes to church and nonprofit staff and will handle this with balanced care.
A pastor salary is a delicate balance between the church’s needs and the individual’s needs. This is why you want an experienced attorney who has several years of practicing law in this area. We have provided many of our clients with the compensation studies that they need and then help them make a suggested compensation plan that adequately takes care of them in a fair manner. This will make sure that your pay and benefits are up to par. While a pastor should not feel like they are raking their congregation over the coals, they should be fairly compensated in comparison to other religious and nonprofit executives.
Another benefit you’re going to receive whenever you use us to help determine your pastor salary and compensation is the fact that we are going to build a help you make sure that you remain IRS compliant. Often with good intentions, religious and nonprofit organizations run into trouble with the IRS when it comes to compensating their top executives and other staff members. We will be able to show you exactly what you need to do to fairly compensate church leaders while remaining in compliance with the IRS tax regulations. We also help you make sure that your compensation documents are properly in place. This way that there is no gray area, and there is a well-written document that defines and outlines exactly what both parties can expect.
A great way to make sure that your pastor is being well compensated is by deferring income tax. We can advise you on a retirement plan that uses a 403B plan and or set up a Rabbi trust. Some of the Rabbi trusts that are out there will allow an executive to set aside portions of their pay while my immediately paying income tax on it. This will allow you to do your income tax in unique ways. This will allow you to plan ahead and not have to catch up later in life. It is always better to get ahead of the curve than it is to be playing catch-up continuously.
Only need to do to find out more about the services we will provide to you and your compensation package, is visit our website WintersKing.com. Once they are all you need to do is click on the church law tab and under-compensation, you will find everything that you need. If you still have any questions after visiting this webpage, feel free to pick up the phone and dial 918.494.6868 and speak with one of our customer service representatives that is uniquely qualified to take care of you and your needs.
Pastor Salary | Providing A Perfect Balance On Negotiating Executive Compensation
Do you find yourself needing help evaluating your pastor salary? Are you wondering if your benefits are up to par? If so then you need to hire the outstanding attorneys over at Winters & King. These guys are going to be able to provide you 30 years of guidance that they have been practicing law in this area. This allows them to strike the balance that is needed whenever figuring out the adequate compensation of not only pastors but other church and nonprofit executives. Making sure that you have legal advice will determining these factors, which could save you from many issues down the road.
One of the reasons you want to make sure that your pastor salary is appropriate and in line with the market is because while you are providing the services as a call to God, you’re going to be billable to better serve your congregation with fewer monetary concerns. While you may not need to live a lavish and luxurious lifestyle, making sure that your necessities for you and your family are taking care of are important. If a pastor’s mind is continuously filled with concerns and issues regarding money, is not going to be able to serve his congregation most effectively. By taking these worries off of your mind and out of your concern, we are going to be able to allow you to serve the congregation that you have dedicated your life to without distractions.
Another reason why you want legal representation for your pastor salary is to make sure you do not get in trouble with the IRS. Because churches are treated very similar to lead to nonprofit organizations, a church executive to find themselves in hot water quickly. Your legal representation when using Winters & King is going to be able to help you navigate and determine the compensation plan that is going to leave you financially stable, but not in hot water with government agencies and regulations.
One of the outstanding ways that we are going to make sure that your fairly compensated not only today but are financially stable down the road is by Rabbi’s trust. This along with 403B retirement plans are going to be key in making sure that you have a stable financial future. By starting the services earlier as opposed to later, you are going to be able to get ahead of the curve, instead of having to play catch up later. This is essential in providing you with a financially stable future going forward. Our legal team is going to be able to set you up with a retirement plan that is going to ensure that you are done serving your congregation, you have the financial means to lead a financially fulfilling life.
Whatever your reasons for needing legal representation for your salary set up for a church executive, we are going to build provide it for you. You can find all the services we are going to be able to provide to you for your church law needs by visiting WintersKing.com. However, do not hesitate to give us a call by dialing 918.494.6868 today.