What do we do if an church employee is diagnosed with COVID-19?

First, notify other employees of potential exposure, if any, in the church and congregation. You should tell them that someone was diagnosed with the illness, but you should not identify which employee is sick, even if employees ask so they can gauge their own risk. Medical information, such as a diagnosis, must be kept confidential….

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IRS Confirms It Has No Plans To Extend The Filing Deadline

The Department of the Treasury and the Internal Revenue Service have announced that the 2019 tax filing deadline remains July 15, 2020.  Due to COVID-19, the original filing deadline and tax payment due date for 2019 was postponed from April 15, 2020, to July 15, 2020.  Ministers who cannot meet the July 15 due date…

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The New PPP EZ Application

I think it’s important to first determine if you qualify for the EZ PPP Loan Application before getting bogged down in some of the other provisions and rules. The whole goal of the EZ App is to require less documentation, fewer calculations, and simplifies the process dramatically for a large number of business owners. EZ…

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Reopening Church – Michael Osterholm Explains How To Assess COVID Risk

Michael Osterholm is the founder and director of the Center for Infectious Disease Research and Policy at the University of Minnesota. His 2017 book, Deadliest Enemy: Our War Against Killer Germs, was recently republished with a new foreword about COVID-19. Mark Olshaker is a co-author. Podcast & Interview Link Interview highlights On anticipating a second, worse wave of…

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Reminder: 1 month remains to extended 1040 deadline

This year’s 1040 deadline was extended from April 15th to July 15th, and it’s approaching fast. If you haven’t yet gotten your tax documents to your tax preparer, you may want to think about getting them in or asking your tax preparer to file an extension for you. Even if you can’t pay your tax…

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Can I refuse to take my salary?

In difficult economic times, Churches must make tough decisions about what bills they can afford. Sometimes Ministers refuse their salary in order help the Church. If you refuse to take your full salary for the year, do you still need to report it as taxable income? The answer, like all good tax questions, is “it…

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Got A Notice From The IRS

The Internal Revenue Service (IRS) will send a notice or a letter for any number of reasons. It may be about a specific issue on your federal tax return or account or may tell you about changes to your account, ask you for more information, or request a payment. Before you proceed, check where the…

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New PPP Forgiveness Rules

Extend the “covered period” under which small businesses can spend the loan proceeds from eight weeks to 24 weeks, or until Dec. 31. Remove the limits on loan forgiveness for small businesses that were unable to rehire employees, hire new employees or return to the same level of business activity as before the virus. Expand…

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Senate approves House-passed Paycheck Protection Program reform bill

The Senate on Wednesday evening passed by voice vote a House-passed Paycheck Protection Program reform bill, clearing it for President Donald Trump’s signature. Earlier in the afternoon, GOP Sen. Ron Johnson of Wisconsin objected to a prior effort to pass the bill via unanimous consent, blocking approval. But Johnson agreed to let the bill pass…

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What’s next for PPP?

When the House convenes next Wednesday, it is expected to vote on the Paycheck Protection Program Flexibility Act, a standalone bill that would, among other things, lengthen the time churches may spend the funds from their PPP loans. The bill would also eliminate the requirement that 75 percent of a loan’s proceeds must be spent on…

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