In November and December, Kingdom Impact 5 Podcast rolled out 4 episodes you won’t want to miss. In under 5 minutes, the Kingdom Impact 5 podcast takes a deep dive into a topic to help your ministry stay compliant, confident, and financially strong. From IRS regulations and payroll best practices to bookkeeping tips and tax…
Kingdom Impact 5 Podcast released two must-hear episodes in October about housing allowance. In under 5 minutes, the Kingdom Impact 5 podcast takes a deep dive into a topic to help your ministry stay compliant, confident, and financially strong. From IRS regulations and payroll best practices to bookkeeping tips and tax updates, we break down…
Two informative episodes of the Kingdom Impact 5 Podcast dropped in September. In under 5 minutes, the Kingdom Impact 5 podcast takes a deep dive into a topic to help your ministry stay compliant, confident, and financially strong. From IRS regulations and payroll best practices to bookkeeping tips and tax updates, we break down what…
Churches can begin taking advantage of two new refundable payroll tax credits designed to immediately and fully reimburse them, dollar-for-dollar, for the cost of providing COVID-19-related leave to their employees. This relief to employees and small and midsize businesses is provided under the Families First Coronavirus Response Act (FFRCA). The act gives businesses(including churches) with…
The IRS is giving those affected by Hurricane Harvey a little extra time to complete tax filing if an extension was filed for the 2016 tax return. The new tax deadline for is January 31, 2018 for the 2016 Individual Income Tax Returns (Original Deadline October 15, 2017). Texas counties eligible for this extended deadline include:…
On November 22, 2016,  U.S. District Judge Amos Mazzant granted a preliminary injunction on the new overtime rules that were to take effect December 1, 2016. U.S. District Judge Amos Mazzant III ruled in favor of the plaintiffs  who argued that the new OT rules would have caused an an increase in government costs in their states and would…
The US Department of Labor announced that they had finalized a new law that has extended overtime benefits to nearly 4.2 million working Americans. Starting December 1, 2016, salaried employees that make less than $47,476 ($913/week) per year will be eligible for overtime pay if they work more than 40 hours in a work week….
