It’s Not Too Late – Employee Retention Tax Credit
Employee Retention Tax Credit – It’s Not Too Late By now, most churches have heard of or even claimed Employee Retention Tax Credits (ERTC). Those that have taken advantage of the credit have seen hundreds of thousands to millions of dollars in benefits for retaining employees in 2020 and 2021. ERTC has been a lifeline for…
Summertime Fiscal Year Transitions
Summertime Fiscal Year Transitions Happy New Year in the summer! For some churches and other nonprofit organizations, this is a sensible statement. Most nonprofit organizations decide to follow the calendar year as their tax year (or “fiscal year”) when they are formed. Upon incorporation, some states require disclosure of the month in which the organization’s…
ICHRA vs. QSE-HRA
Name update (September 2026): The Individual Coverage HRA (ICHRA) is now called the CHOICE Arrangement. It’s the same benefit with the same rules. ICHRA vs. QSE-HRA Churches were relieved when the Qualified Small Employer Health Reimbursement Arrangement (QSE-HRA) came into law in late 2016. Finally, there was an affordable health coverage option for small churches….