Churches may qualify for credit
    April 21 2011 by Baptist Press

    DALLAS  — Online resources to help small churches evaluate whether to pursue the Small Business Healthcare Tax Credit under the health care reform law are now available from GuideStone Financial Resources of the Southern Baptist Convention.

    These resources can be accessed free of charge on GuideStone’s Healthcare Reform website,

    The resource page includes a comprehensive Q&A about the tax credit; definitions and step-by-step guide for determining eligibility and amount of the credit; and necessary government forms.

    The resource also includes a webinar with Danny Miller, a noted attorney with Connor & Winters who specializes in benefits issues for ministers.

    “We urge churches to evaluate all factors before deciding whether to pursue the credit,” said O.S. Hawkins, GuideStone’s president.

    “These resources provide tools to help in that process.”

    The IRS confirmed in Notice 2010-82 in December that the Small Business Healthcare Tax Credit is available to churches who participate through a self-funded denominational church health plan, including GuideStone health plans.

    John Butler, executive leader for business services at the Baptist State Convention of North Carolina, said this is something most churches overlook.

    Butler encouraged the BSC Executive Committee members April 14 to check on the possibility of receiving this credit for their churches.

    Butler said that churches with 25 or fewer full-time equivalents would most likely be eligible. He advised churches with one employee to avoid the hassle because of time and money.

    “It could be a significant boost to your budget,” Butler said.

    (EDITOR’S NOTE — BR Assistant Managing Editor Dianna L. Cagle contributed to this report.)

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    4/21/2011 5:25:00 AM by Baptist Press | with 0 comments

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