The Texas Methodist Foundation (TMF) is sponsoring seminars for clergy and church staff or laity participating in the financial management of the local church.
This year enjoy the helpful content you have come to expect from the Tax Seminars in the comfort and safety of your home. Join us via Zoom, have all your questions answered with Elaine and Frank Sommerville, and earn CPE credit online.
Virtual Tax Seminar: Clergy Tax Session
February 9, 2021
9:00 - 11:00 AM
Registration is $30
2 Credit Hours of CPE
with Elaine Sommerville, CPA
Virtual Tax Seminar: Church Finance/Legal Update Session
February 11, 2021
8:30 AM - 12:30 PM
Registration is $60
4 Credit Hours of CPE
with Frank and Elaine Sommerville, CPA
If you register for both seminars, you will save $10!
The registration fee includes all virtual content, CPE credit, live access to presenters, and several new resources this year:
• Attendee Contact List –Opt in to join a shared attendee contact list to connect with fellow colleagues.
• Private Facebook Networking Group - Opt in to join a new private Facebook group for attendees and presenters.
• Conference-specific resource handout – Find primary contacts and links to forms specific to your conference.
Optional Resources:
Reference books are not included this year. You do not need one for the live session content, but they do serve as excellent resources throughout the year.
Optional tax reference guides:
- Church Compensation - Second Edition: From Strategic Plan to Compliance
- 2021 Church & Clergy Tax Guide (PDF) - Richard Hammar: https://store.churchlawandtax.com/2021-church-clergy-tax-guide-pdf/
- ECFA Tax and Financial Guides - Michael Martin: www.ecfa.org/taxbooks
Clergy Tax Seminar
Prerequisites: None
Credit: 2 CPE Credit Hours
Objectives: To gain specific knowledge about relevant changes to current tax laws and learn about payroll issues related to ministers, such as employment status, housing allowances, reimbursable expenses, tax-free benefits, retirement plans, and more.
Church Finance / Legal Update Seminar
Prerequisites: None
Credit: 4 CPE Credit Hours
Objectives: To gain specific knowledge about relevant changes to current tax laws and learn more about the basics of general church finance, including how to handle unique issues related to church employees and contractors, reimbursement plans, charitable gifts, tax-deductible contributions, expense reimbursement, financial records, reporting, and more.
Speakers:
Elaine Sommerville, CPA
Elaine is a licensed Certified Public Accountant in Texas. For 35 years, her practice has focused on tax compliance aspects of nonprofit organizations and churches. She is the sole shareholder of the CPA firm of Sommerville & Associates, P.C. located in Arlington, Texas, which provides tax and consulting services to over 300 churches and nonprofit organizations. Elaine is married to Frank, and the team will lead our Church Finance session together.
Frank Sommerville
Frank is a shareholder in the law firm of Weycer, Kaplan, Pulaski & Zuber, P.C. in Houston and Arlington, Texas. He is Board Certified in Tax Law and licensed as a Certified Public Accountant. Frank has presented seminars on nonprofit taxation and employment issues since 1981, including this annual tax seminar for more than 30 years. Frank is married to Elaine, and the team will lead our Church Finance session together.
Questions? Reach out to Kyrstol Wheeler at kwheeler@tmf-fdn.org
Reach out to Sarah Rich, srich@tmf-fdn.org for post-seminar follow-up requests. Sarah can help you get your CPE certificate, a copy of the session recordings, and more.
Additional Resources:
New Mexico Annual Conference - Local Conference Resource Guide
Central Texas Annual Conference - Local Conference Resource Guide
North Texas Annual Conference - Local Conference Resource Guide
NWTX Annual Conference - Local Conference Resource Guide
Rio Texas Annual Conference - Local Conference Resource Guide
Texas Annual Conference - Local Conference Resource Guide