We are nearing time for holiday shopping and we would like to encourage you to check out the UMC Market (umcmarket.org). This is a service available through the General Council on Finance and Administration’s Corporate Sponsorships Office that will partner corporate non-profit support programs with your local church. Online shoppers open an account (it takes… Continue Reading→

You may have heard on the news recently that the Department of Labor has proposed changes to overtime regulations under the Fair Labor Standards Act. Some of the proposed changes include an increase to the salary limit for being considered an exempt employee and some changes in flexibility allowed with work schedules for many employees.… Continue Reading→

We are thankful for the continuing evidence of God’s abundant blessings in the NC Conference. The Conference Treasurer’s Office has closed out the 2014 apportionment year and is happy to report 91.88% of the budget apportioned during 2014 was received from local churches.  Out of 788 churches receiving apportionments, 82% of them (648) paid 100%… Continue Reading→

The General Board of Pension and Health Benefits has issued guidance for churches concerning the tax consequences of payments for medical coverage for employees that are not part of an employer group plan. Effective January 1, 2014, direct reimbursement or payments made directly to an insurance or medical care provider for an individual health insurance… Continue Reading→

The Affordable Care Act offered non-profits up to a 25% refund of healthcare expenses incurred on behalf of clergy and lay employees. Many of our churches have filed for all of their refunds yet many outstanding claims still exist. Outstanding claims can still be filed and change money from the US Treasury to funds for… Continue Reading→

It is a busy time for church treasurers in January as you begin preparing for tax reporting this month. This is a reminder of a few helpful hints for you at this time of year: Pastors and employees of churches should receive a W-2 reporting their taxable wages on or before Jan. 31. Pastors receive… Continue Reading→