Category Archives: Pay Roll Taxes

New Changes to Overtime Rules Adopted

Posted on September 25, 2019 by benefitsboard

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

New Overtime Rules Webinar

Posted on October 18, 2016 by benefitsboard

In the Know LIVE Webinar Friday, November 18th 2:00 – 2:30 PM EST Topic: Overtime Rules Many church leaders think the “wage and hour” laws, and particularly overtime pay rules, do not apply to churches.  However, that could not be … Continue reading →

Posted in 10 - October 2016, Chaplains/Evangelists, Ministers, Pay Roll Taxes | Leave a comment

Creating an Accountable Reimbursement Plan

Posted on April 13, 2015 by benefitsboard

Only at tax time do many ministers find out that their “accountable reimbursement plan” is not really “accountable” under the rules of the IRS. Included here is an excerpt from theChurch Treasurers’ Manual, available at http://www.benefitsboard.com without charge, which should … Continue reading →

Posted in 03 - March 2015, Expenses, Informational Manuals, Internal Revenue Service, Ministers, Pay Roll Taxes, Tax Information | Leave a comment

Audit Tips

Posted on March 6, 2015 by benefitsboard

Your chances of being audited by the Internal Revenue Service are going up, but only slightly. For example, in 2001 the IRS audited 732,000 individual returns compared to only 618,000 in 2000. However, in 2014 the IRS was expected to … Continue reading →

Posted in 03 - March 2015, Chaplains/Evangelists, Charitable Gifts, Form 1099, Form W-2, Informational Manuals, Internal Revenue Service, Ministerial Housing Allowance, Ministers, Pay Roll Taxes, Social Security, Tax Information | Leave a comment

New Guidance on Employer Payment Plans Regarding Reimbursement of Certain Health Insurance Policies

Posted on March 6, 2015 by benefitsboard

UPDATED TAX DEVELOPMENT – PLEASE NOTE THAT THIS ARTICLE IS UPDATED AS OF MARCH 1, 2015, WITH NEW INFORMATION REGARDING THE WAIVER OF PENALTIES CONCERNING REIMBURSEMENT OF PREMIUM COSTS As background information, in September 2013, the IRS issued Notice 2013-54 that provided, among … Continue reading →

Posted in 03 - March 2015, Form W-2, Health Care, Informational Manuals, Internal Revenue Service, Ministers, Pay Roll Taxes, Tax Information | Leave a comment

Would a Webinar Help?

Posted on February 11, 2015 by benefitsboard

We are receiving so many questions about tax issues and the Affordable Care Act, as well as a variety of other issues such as the ministerial housing allowance, we are discussing the benefit of having a webinar where our President, … Continue reading →

Posted in 02 - February 2015, Health Care, Informational Manuals, Internal Revenue Service, Ministers, Pay Roll Taxes, Retirement Contributions, Retirement Distributions, Tax Information | Leave a comment

NO Reimbursement of Certain Health Insurance Policies with Pre-Tax or After-Tax Dollars

Posted on December 30, 2014 by benefitsboard

While most churches thought that they were exempt from the major impacts of the Affordable Care Act (often called “ACA” or “ObamaCare”), a seemingly innocuous Internal Revenue Service notice, issued in September 2013, has been interpreted to place many churches … Continue reading →

Posted in 12 - December 2014, Health Care, Ministers, Pay Roll Taxes | Leave a comment

NEW TAX DEVELOPMENT – NO Pre-Tax Reimbursement of Certain Health Insurance Policies

Posted on February 28, 2014 by benefitsboard

While most churches thought that they were exempt from the major impacts of the Affordable Care Act (often called “ACA” or “ObamaCare”), a seemingly innocuous Internal Revenue Service notice, issued in September 2013, is now being interpreted to place many … Continue reading →

Posted in 03 - March 2014, Health Care, Pay Roll Taxes, Tax Information | Leave a comment

No Self-Employment Tax on MRP Retirement Income

Posted on February 13, 2014 by benefitsboard

At tax time, the Benefits Board gets a lot of questions about the IRS Form 1099-Rs that are sent to participants in January showing the amount of the participant’s distributions for the previous year. The most common question regards whether … Continue reading →

Posted in Pay Roll Taxes, Retirement Distributions, Social Security | Leave a comment

Required Employment Eligibility Verification (Form I-9)

Posted on November 25, 2013 by benefitsboard

All employers, which include churches, schools, daycare facilities, etc., must retain an employment eligibility verification form, also known as a Form I-9, for all current employees. The employers must retain the Form I-9 for three years after the date of … Continue reading →

Posted in Form W-2, Internal Revenue Service, Pay Roll Taxes | Leave a comment