Dates to Know
July 1 – Revised pay date for those who normally receive funds on the 29th
July 1 – May financial reports will be due
July 4 – The Office will be closed in celebration of Independence Day
August 1 – June financial reports will be due
June 15-18, 2020 – Family Fellowship Week in Kinston, NC
New Missionary
Rebekah Joy Childers has recently partnered with WWNTBM. She is sent out of the North Love Baptist Church in Rockford, IL, with Pastor Paul Kingsbury. Joy is a graduate of Ambassador Baptist College. In 2012 she served as an associate with us during a summer internship with Mike and Sue Smith in Colorado. She will be serving in Grenada, helping her brother and his family start a Christian school. Pray for her as she begins deputation.
Congratulations!
Kim O’Malley recently completed her Financial Coach Master Training through Dave Ramsey. This has been a long term goal of hers, and we are thrilled to recognize her achievement. Her desire is to use this training to further assist our missionaries in the area of financial planning.
50th Anniversary Family Week
Now is the time to begin planning to attend next year’s Family Fellowship Week. We will meet on June 15-18, 2020, with Pastor Tim Daniel and the New Testament Baptist Church of Kinston, NC. If you are planning a furlough in 2020, please be sure to arrange your schedule so you can attend this meeting in its entirety. It will begin with dinner on Monday evening and end with the Thursday evening service. Most attendees plan to depart Friday morning. This will mark our 50th Family Week! In recognition of this, the Thursday evening service will be held at Calvary Baptist Church in New Bern, with our founder and chairman, Pastor Bill Wingard. Don’t miss this exciting week! It is truly the highlight of the WWNTBM year.
Office Update
At Family Week, John O’Malley gave an update on what is happening in the Office. This is a transitional year. Thank you for bearing with us as we make changes related to two key areas.
The first key area is the change from W-2 Employees to 1099 Independent Contractors.
- We collected Form I-9 from all missionaries who were with us prior to January 1, to cover our bases under employee records that need to be maintained for 3 years.
- In January, we issued our final W-2s.
- This year we are collecting Form W-9 (or W-8BEN) from all individuals, to set us up with the new Independent Contractor status.
- In January 2020, individuals will receive a 1099. This will mean two main changes for personal tax filings. First, the form on which you receive the info. (The figures themselves will not change.) Second, the ability under new tax laws to personally list on Schedule C what may not fall under our accountable plan.
The second key area is related to sending funds to charities. We are working with over 15 missionaries who have foreign charities, to register them with our CPA.
Key thought for those on deputation: Ministry tax situations will likely be different from what you have dealt with before. Take time to understand how your ministry will affect your taxes before you leave for the field. Find a good tax advisor familiar with missionaries and those living overseas. Our staff can help.