 FAQs, ANSWERS
IN ONLINE HELP
| Online Help offers 24x7 resources just for you. Just Register to get full access to articles and documentation designed to provide fast answers for the do-it-yourselfer.
Check out these articles for timely year-end tips:
ParishSOFT Family Suite users can find 24x7 online resources in at www.parishsoft.com/kb/.
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END-OF-YEAR
PRINTING TIPS, FORMS
| Skip the envelopes and the stuffing! Just pop our 3-fold self-sealing mailers in your printer, print your contributor statements and postage information, fold, and done!
ConnectNow Church Accounting (online) clients can print the W-2, W-3, and 1099s on plain white paper or on the preprinted forms listed below.
CMS/ParishSOFT Fund Accounting (desktop) clients can choose preprinted 1099 and W-2 forms.
To order preprinted forms, including 1096, 1099-MISC, 1099-INT, 1099-DIV, W-2 Preprinted, W-3, Envelopes, and more, please visit:
www.churchmanagementforms.com.
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Significant Changes to Payroll Taxes
As part of the recently passed Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010, several changes to the Payroll system will be made.
Most notable are: - Employee's contribution to Social Security has dropped from 6.2% to 4.2%.
- Employer's contribution to Social Security remains at 6.2%.
- New Federal Tax Tables have been implemented.
- As of the date of this publication, the following State Tax Tables have also been changed: California, Minnesota, North Dakota, and Oklahoma.
- You must manually change the rate and limit for California SDI.
ConnectNow Church Accounting clients will notice the changes to Payroll when the update is automatically implemented on January 11, 2011.
CMS/ParishSOFT Fund Accounting (desktop) clients will be receiving an Update Notification by email this week and must run the update after the last payroll of 2010 is posted, but prior to processing the first payroll of 2011.
Changes to the 2011 Form 941 will be distributed when the form is available from the IRS.
The two-year extension of the Charitable IRA legislation, another element to the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010, allows contributors 70 ½ or older to distribute tax-free funds from their IRA directly to the church.
For more information on the changes to the Federal Tax Tables, visit the IRS publication http://www.irs.gov/pub/irs-pdf/n1036.pdf.
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A Do-It-Yourselfer's Guide to End of Year
 Are you the type of person who likes the feeling of taking a sledgehammer to walls? Do you paint the kitchen every other year, and/or love the smell of sawdust? Then you just may be a "do-it-yourselfer"!
CMS and ParishSOFT products are already set up
to be a do-it-yourselfer's dream!
Our End-of-Year Checklists will show you step-by-step instructions for closing out each module. Here's how to print your checklist from the module you'd like to close:
From Ledger & Payables, Contribution, Membership, or Attendance, click Reports | End of Year Checklist | Print.
From the Payroll module, click Reports | End of Period Reports | End of Year Checklist.
For the ParishSOFT Family Suite's End-of-Year Checklist, please click here.
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