Category Archives: Taxes
“The Most Dangerous Phishing Scam” Is Causing Organizations to Lose Billions
By Kyle Winey, Esq. and Robert Showers, Esq. “This is one of the most dangerous email phishing scams we’ve seen in a long time,” says IRS Commissioner John Koskinen, referring to the latest surge of W-2 phishing attacks. Unfortunately, according to the IRS, it is impacting churches, nonprofits and for-profits alike as well as… Read More »
Excise Tax Goes Into Effect for Small Employers on June 30, 2015
It was common practice for small churches and nonprofits to allow their employees to purchase insurance on their own, then seek reimbursement for the cost of the premiums from the church or nonprofit. This arrangement had been considered a non-taxable fringe benefit for many years and was a favorable arrangement for all the parties… Read More »
Church, Nonprofit and Small Business Health Care Tax Credit: What It Is and How to Claim It
Don’t leave money on the table this tax season! The small business health insurance tax credit is granted to small employers, including tax-exempt employers such as churches and nonprofits, who pay at least 50% of their employees’ health insurance premiums for a qualified health plan. The tax credit is calculated as a percentage of… Read More »
