The General Board has created a frequently asked questions document to address questions raised by annual conferences about practical implications of the Small Business Health Care Tax Credit (part of ... Continue Reading→
Latest Posts
Small Business Health Care Tax Credit—Implementation Guidance
Implementation guidance is now available from the General Board of Pension and Health Benefits for churches eligible for the Small Business Health Care Tax Credit. Please take time to review the ... Continue Reading→
Guidance for Discretionary Accounts
Guidance is available from the General Council on Finance and Administration on the proper establishment and accounting for discretionary accounts in a local church setting. If your church provides a ... Continue Reading→
Payroll Tax Cut for 2011
Attention churches with lay persons on the payroll - this announcement was posted in the McGladrey Tax Digest and we are passing it along for your information. This affects current payroll ... Continue Reading→
Employment Practices Liability Basics
An "Employment Practices Liability Basics" workshop is planned for Thursday, February 17, 2011, from 10:00 AM to 3:00 PM at the United Methodist Building in Garner. Rev. Joy Melton, J.D., Chief ... Continue Reading→
Qualified Charitable Distribution 2010 and 2011
The Internal Revenue Service is reminding taxpayers that the qualified charitable distribution (QCD) provision was renewed for 2010 and 2011, allowing IRA owners, age 70½ or over, the option of ... Continue Reading→
Tax Reporting Reminder
Local churches are reminded that 2010 income tax reports are due to be sent out on or before January 31, 2011. These reports include W-2s for employees (including pastors) and 1099s for nonemployee ... Continue Reading→
Flexible Spending Account Deadlines Approaching!
With changes to Flexible Spending Accounts, new requirements for filing claims have been put into place. For more details and to be sure you don't miss the deadlines, visit the Insurance Page. ... Continue Reading→
Enrollment Now Open for NC Conference Walking Program
Enrollment for The Amazing Pace, an internet-based, pedometer walking program, is now open. For further details, see the Insurance Page. ... Continue Reading→
2011 Business Mileage Rates Set by IRS
Effective January 1, 2011, the business mileage rate will be increased to 51 cents per mile. The new rate for computing deductible medical or moving expenses will be reduced to 19 cents per mile. The ... Continue Reading→