News & Articles
News
Social Security Claiming Options Have Been Dropped
The budget deal enacted in late 2015 nixes the recent provision that allowed "claim-and-suspend" strategies for couples, along with related options.
News
Retirement Plan adds GuideStone Mutual Funds
Option J has been renamed "Biblically Responsible Funds" with the addition of GuideStone Mutual Funds to the previous selection of Timothy Plan Funds.
Article
FCMM Offers Acccess to Pre-Tax Group Health Insurance and Stresses July 1 Compliance Deadline
July 1, 2015, deadline for ACA compliance means that only group health insurance may be provided as non-taxable benefit by employers with multiple staff.
Article
Guidelines for Classifying Exempt & Non-Exempt Staff (Updated)
Every organization must follow federal guidelines for classifying and paying "exempt" and "non-exempt" staff.
Article
March 2, 2015: Delayed Enforcement of ACA for Small Employers - Implications
In our last update, FCMM mentioned that IRS Notice 2015-17 offers temporary relief of the excise tax on non-compliant employer payment plans through June 30, 2015. But what about implications for those churches and staff who have already complied?
Article
February 23, 2015: Significant Update on Employer Health Insurance Premium Reimbursement or Payment Plans
The IRS released more clarification (changes) last week on ACA compliance for small employers.
News
New Development: Sole participant health plan may be exception re: tax
Recent IRS guidance identifies an exception for the employer with one participant in health plan.
Article
FEBRUARY 12, 2015: 5 Roads for Healthcare Reimbursements by Churches and Ministries
Current information, updated March 9, 2015, regarding small employer healthcare reimbursement.
Article
DECEMBER 2014: ACA Guidance Restricts Health Reimbursement Arrangements
Summary: If a church wishes to assist staff members with the cost of individual health insurance premiums, the church should do so only as a salary bonus which is not related to the individual obtaining health insurance.
Article
Alert: Make Sure W2 Reporting is Correct for Healthcare Premiums
Individual healthcare premiums paid by employer are taxable income in 2014.
Article
Latest Clergy Housing Allowance Case Dismissed
While the current case is ended, there will likely be more challenges to the housing allowance.
News
Visit FCMM at the 2015 EFCA Theology Conference
Join us for a pre-conference luncheon, an update session, or an individual consultation at this year's EFCA Theology Conference.
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