GuideStone creates tax credit resources for small churches

GuideStone creates tax credit resources for small churches

Small churches can find additional help from GuideStone Financial Resources of the Southern Baptist Convention in evaluating whether they wish to pursue the Small Business Healthcare Tax Credit that was created under the healthcare reform law.

GuideStone has created a number of resources designed to help churches evaluate the new credit.

The resource page includes a comprehensive Q&A, step-by-step guide for determining eligibility and amount of the credit, necessary forms and other frequently asked questions.

The resource also includes a webinar with Danny Miller of Connor & Winters. Miller is a noted attorney 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, president of GuideStone. “These resources provide tools to help in that process.”

These resources can be accessed free of charge on GuideStone’s Healthcare Reform website, www.GuideStoneInsurance.org/Healthreform.  

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.

For more information, call 1-888-984-8433. (GuideStone)