Archive for December, 2016
As part of their duties and responsibility to the organization, church and ministry leaders need to recognize the importance of identifying and managing the inherent risks associated with operating their ministries. It is not uncommon for boards to assume that the staff have the “bases covered” and that the proper amount of insurance is in […]
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Leave a Comment (0) →Every nonprofit, tax exempt entity organized in the United States is required to ensure that all funds received by them are used to further their exempt purpose(s), whether those funds are spent domestically or abroad. And unless your organization primarily exists to support the activities of other U.S. based, tax exempt entities, sending funds to […]
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Leave a Comment (0) →Late last month a federal district judge in Texas issued a preliminary injunction blocking nationwide implementation and enforcement of the Overtime Final Rule that was slated to take effect December 1, 2016. In making the ruling the judge stated that the U.S. Department of Labor had exceeded its authority in issuing the regulation back in […]
Continue Reading →Posted in: Bits & Pieces, Employment Law, News
Leave a Comment (0) →In general, a de minimis benefit is one for which, considering its value and the frequency with which it is provided, is so small as to make accounting for it unreasonable or impractical. De minimis benefits are excluded under Internal Revenue Code section 132(a)(4) and include items which are not specifically excluded under other sections […]
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