Tag Archive: General Council on Finance and Administration

New church parking lot taxes: Guidance from GCFA, IRS

The “Tax Cuts and Jobs Act” passed by Congress in 2017 added new tax provisions that apply to churches and other non-profit organizations that are otherwise exempt from income tax. One such provision: A tax on the amount a church or a church-related organization spends to provide parking to its employees. The United Methodist Church’s General …

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Permanent link to this article: http://www.umcsc.org/home/new-church-parking-lot-taxes-guidance-from-gcfa-irs/

UMC organizations, churches to be listed on GuideStar

Local United Methodist churches and United Methodist organizations covered under the United Methodist group ruling can now be listed on GuideStar through the UMgroupruling.org website. The Legal Services Department of the General Council on Finance and Administration announced the development, which came in response to the many calls it receives about having United Methodist churches recognized …

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Permanent link to this article: http://www.umcsc.org/home/umc-churches-organizations-to-be-listed-on-guidestar/

2017 apportionments due date revised

The last day for churches to pay 2017 apportionments is Jan. 16, 2018. The previous Jan. 10 deadline has been changed to better align with the General Council on Finance and Administration’s schedule. Churches paying by Vanco need to initiate payment by 3 p.m. Jan. 12, 2018.  

Permanent link to this article: http://www.umcsc.org/home/2017-apportionments-due-date-revised/

GCFA Board votes to fund Commission on A Way Forward

NASHVILLE – The Board of Directors of the General Council on Finance and Administration (GCFA) held its quarterly meeting in Nashville, November 17-18.  The fall meeting is historically the meeting when the board approves the general agency spending plans for the upcoming year. In addition, the board approved a 3 percent increase in the salaries of jurisdictional …

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Permanent link to this article: http://www.umcsc.org/home/gcfa-board-votes-to-fund-commission-on-a-way-forward/