The Evangelical Council for Financial Accountability is offering a free one-hour Healthcare Update for Small Churches and Ministries on February 12, 2015 at 1 pm EDT / 10 am PDT.
From the ECFA website:
The purpose of this webinar is to present highly focused information on the healthcare reimbursement aspects of the Affordable Care Act (ACA).
For decades, churches and ministries have reimbursed employees, on a tax-free basis, for health insurance coverage secured by the employees.
When the ACA guidance was initially issued relating to healthcare reimbursement plans, it was clear that the reimbursement of healthcare insurance premiums would trigger the excise tax. However, it was believed that if the employer treated the reimbursement of the premiums as taxable compensation to the employee, there would be no excise tax assessed to the employer.
Now, based on more recent guidance, it is clear that even if the reimbursements are considered taxable compensation, the penalties are applicable. And, the penalties can be enormous—up to of $36,500 per year ($100 per day) for each employee affected.
You can get more information and register at the link above or click here.
This will be helpful for many churches and ministries.