Author Archives: benefitsboard

About benefitsboard

Art Rhodes is the President and CEO of the Church of God Benefits Board, Inc. - the administrator of the Ministers' Retirement Plan and the Church Loan Fund, Inc. The corporate offices of the Benefits Board are in Cleveland, TN.

Contribution Limits for 2020

The Internal Revenue Service recently announced the new pension plan contribution limits for 2020. While there are many different limits that impact pension plans, the main limits that effect participants in the Ministers’ Retirement Plan are as follows: The salary reduction … Continue reading

Posted in 11 - November 2019, 2019 | Leave a comment

New Changes to Overtime Rules Adopted

Many church leaders think that the “wage and hour” laws, and particularly overtime pay rules, do not apply to churches. That could not be further from the truth. Churches and church employees are NOT exempt from the “wage and hour” … Continue reading

Posted in 09 - September 2019, Pay Roll Taxes, Tax Information | Leave a comment

Court Finds Housing Allowance Constitutional

In a surprising unanimous decision on March 15, 2019, the Seventh Circuit Court of Appeals held that the ministerial housing allowance did not violate the U.S. Constitution.  While Court observers were divided on their predictions about what the court’s final … Continue reading

Posted in 03 - March 2019, 2019, Ministerial Housing Allowance | Leave a comment

Board Manuals Updated for 2019

With each New Year comes new rules, new regulations and new contribution limits. Therefore, all the Benefits Board’s free educational manuals have been updated to take into consideration all relevant changes for 2019. You can access the latest version of … Continue reading

Posted in 01 - January 2019, 2019, Informational Manuals | Leave a comment

Benefits Board Partners with ChurchEXCEL

The Church of God Benefits Board recently announced a new partnership with the Evangelical Council for Financial Accountability (ECFA) through ChurchEXCEL.  ChurchEXCEL is a FREE online resource portal that provides expert knowledge on church finances, policies, procedures, administration, and so … Continue reading

Posted in 11 - November 2018 | Leave a comment

Impact of Tax Reform Bill on Ministers and Churches

NOTE: Please see information below about new online calculators and W-4 Forms from the IRS. Also, join us at 2:00 pm ET on Thursday, March 8, 2018 for a one-hour live webinar on the Tax Reform legislation. As we have … Continue reading

Posted in 03 - March 2018, 2018, Internal Revenue Service, Tax Information | Leave a comment

Potential Impact of Tax Reform on the Church & Ministers Webinar

In the Know LIVE Webinar Thursday, March 8th 2:00 – 3:00 PM EST Topic: Potential Impact of Tax Reform on the Church and Ministers Join us on Thursday, March 8th at 2:00 pm EST for a free, one-hour, informational webinar … Continue reading

Posted in 02 - February 02, Webinars | Leave a comment

Unconstitutional Housing Allowance Decision Appealed

On October 6, 2017, a federal district court judge in Wisconsin ruled that the ministerial housing allowance violates the Constitution. Judge Barbara Crabb held that Section 107(2) of the Tax Code, the provision that specifically addresses the “cash” ministerial housing … Continue reading

Posted in 02 - February 02, 2018, Ministerial Housing Allowance | Leave a comment

Remember New Filing Date for W-2s and 1099s

Although we are only a few weeks into the new year, church treasurers hopefully have already given W-2s to employees, Form 1099s to independent contractors, and charitable receipts to all that contributed more than $250 at any one time to … Continue reading

Posted in 01 - January 2018, Internal Revenue Service, Tax Information | Leave a comment

Impact of Tax Reform Bill on Ministers and Churches

Congress ended 2017 by passing the largest tax bill in over 31 years. While many call this tax reform, in reality it was just tax legislation. On the positive side, the Benefits Board, with assistance from some of our Administrative … Continue reading

Posted in 01 - January 2018, Internal Revenue Service, Tax Information, Uncategorized | Leave a comment