New Infrastructure Law Has Many Implications for Nonprofits
The newly enacted trillion-dollar infrastructure law holds both possible opportunities and challenges for nonprofit organizations. In its wake are numerous pressing matters vying for the attention of lawmakers, including the universal charitable deduction that is set to expire at the end of 2021.
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IRS Announces Annual Inflation Adjustments for Tax Year 2022
On Wednesday, November 10, 2021, the IRS announced the tax year 2022 annual inflation adjustments for more than 60 tax provisions. Revenue Procedure 2021-45 provides details about these annual adjustments.
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Updates on the Federal Vaccine Mandate and Legal Challenges
ECFA has been receiving inquiries from larger ministries regarding compliance with the Biden Administration’s COVID-19 vaccine mandate. Read the latest updates from a helpful pair of advisories on our "News Affecting Your Ministry" webpage.
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Early Termination of the Employee Retention Credit Comes with New Infrastructure Bill
The Employee Retention Credit (ERC) will be terminated early as a result of the Infrastructure Investment and Jobs Act (H.R. 3684), which is expected to be signed into law within days by President Biden.
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Study: Generous People Include “Charitable Donations” in Their Budget
Americans who include monetary charitable giving in their annual budget give 7 times more dollars, on average, than those who do not budget at all.
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Strong Giving Continues During the Pandemic
Charitable giving has continued to remain strong across 2021, according to several sources.
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Trinity Bible Church Becomes an ECFA Accredited Church
RICHARDSON, TX – The ECFA (Evangelical Council for Financial Accountability) announced today the certification of Trinity Bible Church of Richardson, TX.
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Skylark Camps Becomes an ECFA Accredited Organization
BEDFORD, TX – The ECFA (Evangelical Council for Financial Accountability) announced today the accreditation of Skylark Camps of Bedford, TX.
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Leadership Edge Becomes an ECFA Accredited Organization
DURHAM, NC – The ECFA (Evangelical Council for Financial Accountability) announced today the accreditation of Leadership Edge of Durham, NC.
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KidWorks Becomes an ECFA Accredited Organization
SANTA ANA, CA – The ECFA (Evangelical Council for Financial Accountability) announced today the accreditation of KidWorks of Santa Ana, CA.
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