Specialized Solutions for Your Mission, Peace of Mind for Your Finances.

A Cornerstone may be just one component of a building, but it dictates the results for the entire building. At Cornerstone Financial CPA, we believe that true financial success, clarity, and growth come from ensuring the foundations of your accounting, tax, payroll, and compliance needs are correctly established. Fixing the problems without fixing the foundation only provides temporary relief. We take a wholistic approach to accounting, tax, payroll and compliance issues, ensuring your Mission is successful. Explore our services below and see how Cornerstone Financial CPA can help you build a better foundation and achieve lasting results.

the church & clergy cPA TM

Whether you are looking for individual Clergy tax services, Clergy payroll or compensation optimization, Church accounting, or 990 filing services, our deep expertise in Church and Clergy tax and accounting will meet your specific needs and ensure peace of mind.

expert clergy tax strategy

As a Pastor or Minister, you’ve been here before, right? It’s tax time and you’re dreading how much you’re going to owe in taxes this year. You know better than anyone else that you pay a lot more in taxes than your non-Clergy friends and colleagues. Maybe your Clergy income went up, maybe your housing situation changed and you’re unsure how that will affect your tax liability, maybe your last Tax Preparer didn’t have the expertise needed to maximize your tax return and you’re simply over the headache of how complex your Clergy Tax Return is year after year. What if filing your Clergy Tax Return didn’t have to be that way? What if instead of dread you had peace because you’re prepared with an Expert Clergy Tax Strategy tailored to your particular situation? At Cornerstone Financial CPA, we solve your Clergy Tax pains with a holistic approach, building strong income and expense foundations, optimizing your Tax Return Results, and helping you adjust and plan for future growth and change.

Clergy Compensation

We provide expert guidance on how to best arrange your Clergy Compensation Package, saving you thousands of dollars a year on taxes.

Housing & Parsonage Allowance review designed to maximize your deductions and stay tax compliant.

Accountable Reimbursement Plans transform taxable expense reimbursements into non-taxable reimbursements.

See how Pre-Tax accounts like 403(b) plans and HSAs can legally shield thousands of dollars a year from tax.

Clergy Business Expenses & Deductions

We provide expert guidance on Clergy-related Expenses and Deductions, saving you on taxes and leveraging the Tax Code in your favor.

Our comprehensive Housing & Parsonage review includes ensuring you know which Housing-related expenses to track, maximizing your deductions and reducing your taxes.

Our modern, online Tax Organizer, designed specifically for Clergy, gives you a framework to help you track your expenses, stay organized, and maximize your tax savings.

Clergy Tax Preparation

We provide expert Clergy Tax Return preparation and filing, giving you peace of mind that your taxes are optimized for success.

Quarterly Estimated Tax Payments tailored to your unique Clergy situation. Ease the burden of Clergy taxes by paying as you go.

Proven, easy to navigate, online experience so you don’t have to spend your time sitting in a tax office. Get better results with less effort.

Optional Audit Defense package. We can partner with you to communicate with the IRS and work toward resolving Audit issues relating to your tax return.

Clergy Tax Planning & Adjusting

Your Clergy compensation, expenses, and housing needs will change. Your Clergy tax plan should change with it.

We provide expert review, projections, and planning for your unique Clergy situation, ensuring your Tax Strategy is always optimized and up to date.

Mid-year review to ensure Quarterly Estimated Tax Payments are still tracking with your estimated Compensation and Expenses. You don’t have to wait until the end of the year to discover a growing tax liability.

Optimize your Housing Allowance deductions in retirement, allowing you to withdraw your Clergy 403(b) savings tax free.

the church & clergy cPA TM

Whether you are looking for individual Clergy tax services, Clergy payroll or compensation optimization, Church accounting, or 990 filing services, our deep expertise in Church and Clergy tax and accounting will meet your specific needs and ensure peace of mind.

expert Church & Non-Profit Accounting

Churches and Non-Profits are driven by their Mission to Serve, Care, Teach, Equip, and Replicate. While you may be driven by your desire to serve God and serve others, the reality is that your organization’s financial situation will either accelerate or slow-down your community impact and progress. Church and Non-Profit accounting and payroll have numerous unique, and sometimes challenging, requirements that necessitate an experienced professional to help you navigate the complexities and remain compliant. Whether you’re feeling the pain of not knowing where your organization stands financially, consistently facing budget shortfalls, dealing with complex Clergy payroll issues, or struggling to maintain compliance with IRS or State non-profit requirements, Cornerstone Financial CPA is your trusted partner for all things Church and Non-Profit Accounting, Budgeting, Payroll, and Compliance. Ready to accelerate your Church’s or Non-Profit’s Mission? Let Cornerstone Financial CPA partner with you to provide clarity, compliance, and success.

Church & Non-Profit Accounting

Expert, Full-Cycle Non-Profit and Fund Accounting services designed to bring clarity and compliance.

Customized Chart of Accounts tailored to your Mission’s specific needs.

Accurate tracking of Donor Restricted and Unrestricted Funds, giving you insight for your Mission’s financial plan.

Monthly Financial Statements designed to keep your Mission on track.

Form 990 ready financials, expertly prepared, leading to stress-free filing.

Budgeting

We will collaborate with you to design and track your Mission’s budget, keeping your Mission focused and effective.

Use historical data to better estimate Revenues and Expenses, giving you a clearer and more trustworthy foundation for your budget.

Monthly or Quarterly Budget-to-Actual variance reports, allowing you to adjust and stay on course.

Capital Campaign, Restricted Funds, and Pledge planning, designed to help your Mission grow to its fullest potential.

Payroll

Expert guidance in establishing Clergy compensation packages including Housing Allowance, Accountable Reimbursement Plan, Clergy Dual-Status issues, 403(b), HSA, and more.

Bi-weekly or Monthly payroll runs for Clergy, non-Clergy, and staff with direct deposit.

Complete management of all payroll tax deposits and Quarterly 941 filings, protecting your Mission from costly IRS penalties and interest.

Professional preparation and filing of annual W-2s for employees and 1099s for contractors, ensuring your Mission meets all Federal and State reporting requirements.

Expert Payroll tax resolution and 941 Amendments, ensuring your payroll issues are resolved timely and hassle-free.

Compliance

End of year Donor contribution statements, ensuring your Donors receive the needed tax documents to claim Charitable Contributions deductions.

Professional evaluation of your Organization’s Internal Controls, including recommendations on Internal Control implementation and Monitoring, ensuring your Mission is safeguarded.

Form 990 filings for required organizations, ensuring your Mission’s Non-Profit status with the IRS is not compromised.

Secretary of State Filings and Sales Tax Exemption Advisory and reporting services, allowing your Mission to stay compliant with State requirements without the hassle of navigating complex, yearly requirements.

Church & Non-Profit Advisory designed to help you answer all the “what-ifs?” relating to Accounting, Tax, Payroll, and Compliance issues.