News & Articles
Article
FCMM/GuideStone Now Offering Expedited "Micro-group" Health Insurance Quotes
FCMM's partner in group health insurance, GuideStone, now features an online portal for requesting quotes for ministries with 2 to 4 eligible employees.
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.
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