LOUISVILLE, Ky. (KT) – A pair of free webinars will be offered this week that may be able to answer some questions about the $2.2 trillion stimulus bill as it relates to churches and nonprofits.
Don Spencer, director of the Church Financial Benefits Department of the Kentucky Baptist Convention, highly recommends them to anyone interested in pursuing assistance. The first webinar will be Tuesday and the second one is Thursday. Registration is required but there is no cost.
--Tuesday - Evangelical Council for Financial Accountability is being led by Mike Batts and Frank Sommerville. They are CPAs that are among the leading experts in our country on church tax issues. The webinar is already full, but ECLA will email a replay link to all who register. Churches can register by clicking here. Non-profits can register by clicking here.
-- Thursday at noon:. This one is offered by Church Law and Tax. It is being led by Richard Hammar, an attorney and CPA and has for many years been one of the leading experts in our country on both legal and tax issues for churches and ministers. Register at: https://zoom.us/webinar/register/9515853469562/WN_2x7BAEIlS7KhNETwg2UDBQ
“These are some of the top known (financial) people who are leading them,” he said. “I’m sure they will be able to answer a lot of questions.”
The largest ever rescue package was signed into law Friday by President Donald Trump. Included in the bill and in a previous bill passed last week are provisions that can provide help to churches and church employees, Spencer said.
“For example, it appears for the first time there is going to be an exception to allow some church employees to draw unemployment benefits for a period of time,” he said. “It also appears some of our churches may qualify for government loans and credits.”
While there are some who are leery of mixing church and state, Spencer said “it’s not radical but leaves a lot of questions. It goes so contrary to anything we’ve ever dealt with before.”
The Paycheck Protection Program is a $350 billion part of the bill that allows for 100 percent forgivable loans to churches, Christian schools and nonprofits.
There are still many questions about some of the provisions and how these will apply to churches, Spencer said. “There are differing interpretations and misinterpretations on some of the finer points related to ministers. Baptist Press issued an excellent Q&A document Friday from GuideStone that addresses some of the issues. There are many yet to be answered questions folks have about the process.”
The link to GuideStones’ Q&Q Information is: http://www.bpnews.net/54550/qa-how-churches-pastors-are-eligible-for-relief-in-stimulus-package