Keith Anderson

Keith Anderson is the executive director of Preachers' Aid Society and Benefit Fund.

Building a Realistic Budget -- And Sticking To It

By: Keith Anderson on 4/22/2013
Topics: Finances, Financial Planning

A budget is a tool that can strengthen your greatest wealth building tool – your income. John Maxwell says that a budget is “simply telling your money where to go instead of wondering where it went.” With a sluggish and slow economic recovery, it is more important than ever to know where every single dollar goes. By planning how your money will be spent each month, you can begin to get out of debt and strength your financial position.

The Tax Man Cometh

By: Keith Anderson on 3/18/2013
Topics: Finances, Financial Planning, Taxes
With computer software programs, it is more and more tempting to file your taxes on your own. I know many clergy, active and retired, who do their own taxes. However, I would strongly encourage everyone to use a tax professional when filing your taxes. You will discover it is worth your investment.

Estate Planning Still Needed

By: Keith Anderson on 3/18/2013
Topics: Estate Planning, Finances, Financial Planning
We, as pastors, can educate our members about the very real need for estate planning. While most clergy will not reach the exclusion amount, there may be several in the church who will. Through some very simple estate planning techniques, federal estate taxes can be greatly reduced and even avoided. And, the local church can receive a nice gift in the process.

Beginning Your Financial Plan

By: Keith Anderson on 2/15/2013

Many of us wish that we had more money. We may dream it. We may wish for it. We may work harder and longer for it.

Implications of the Fiscal Cliff Deal

By: Keith Anderson on 2/1/2013
Topics: Finances, Taxes
One issue was on everyone’s mind at the end of 2012 – would Congress and the President pass any legislation to avoid the fiscal cliff? A bill was passed and signed in early 2013. People are still trying to dissect the implications – and there are implications for everyone no matter where you fall in the tax brackets – of the entire bill. 

Health Insurance Credit Can Benefit Churches

By: Keith Anderson on 9/28/2011
Topics: Health insurance, Taxes

Churches with multiple, full-time staff employees have a great opportunity to recover up to 25 percent of the cost of health insurance. The Health Insurance Credit is part of the Affordable Care Act and is designed to help small business and small tax-exempt organizations.

 

Flexible Spending Accounts -- Choose Wisely

By: Keith Anderson on 8/25/2011
Changes to guidelines on Flexible Savings Agreements could impact your decision for 2012. With the loss of tax savings, you may want to take full advantage of the 2012 limits and have any elective procedures you are considering to be done in 2012. Examples of elective procedures include, but are not limited to, LASIC eye surgery, major dental work (crowns, dentures, extractions, root canals, etc.), and purchase of new eye glasses. By doing so, you may save money in taxes.
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