Occasionally when there is a notable change in the cost of travel, the IRS will alter the mileage rates for the remainder of the year. With the increases in costs relating to vehicles and travel this year t he IRS has issued new standard mileage rates for the remainder of 2022. These rates begin on July 1, 2022, and apply to the use of a car, van, pickup, or panel truck. 62.5 cents per mile for business miles driven (up from 58.5 cents in the first half of 2022). 22 cents per mile for medical purposes (up from 18 cents in the first half of 2022). 14 cents per mile driven in service of charitable organizations (no change from the first half of 2022). More information is available on the IRS's website .
This is another posting in the MinistryCPA Top 10 series: Understanding what to offer a pastor as part of his compensation package can be a difficult task. There are a number of different factors to consider. Variables such as compensation, insurance, housing allowance, taxes, and retirement all play into compensation. We have compiled a list of factors that a church should consider when designing a compensation package for the pastor. Every church situation is unique, and each church should analyze what it can actually afford. 1. How does the church determine an appropriate compensation rate? Determining an appropriate compensation level can be a difficult task in a small ministry. There are a few factors that can be used to help determine a fair compensation for the pastor. The first factor that should be taken into consideration is the needs of the pastor. If the church wants a pastor to work full time, then it must consider what he needs to be paid to support himself and his fami