Breaking down the 900-page CARES Act for church leaders. How it works, how it can help you lead your church with confidence.
Loading the player.Editor’s Note: In late April, Congress approved additional funding for the Paycheck Protection Program created for small employers by the CARES Act. Additional updates regarding the CARES Act and its various provisions can be found on Church Law & Tax’s coronavirus coverage page.
The COVID-19 (coronavirus) outbreak continues to take major physical, emotional, spiritual, and financial tolls on millions of people worldwide. In the US, efforts to slow the disease’s continued spread has led to bans on public gatherings in many places, causing many businesses to shut down, and the buildings of many churches to go dark. With the US economy hurtling toward recession, Congress has passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act, a $2.2 trillion stimulus package designed to provide stability and relief to businesses and individuals. Ministries are included in this relief package.
To help churches and leaders respond well in the face of this unfolding adversity, ChurchWest and Christianity Today’s Church Law & Tax hosted a free webinar on April 2, 2020, with renowned church legal and tax expert Richard R. Hammar. Hammar, an attorney and CPA, provided a helpful overview of the 900-page stimulus package, how it works, and the provisions churches and leaders should know to minister well to their congregations and communities.
Watch the recording and download the presentation handouts. Viewers should also visit Church Law & Tax’s coronavirus coverage page for the latest updates and developments that have occurred since the recording on April 2, 2020.
Related Topics: Charitable Contributions | Payroll Tax | Reimbursements Posted: April 2, 2020This content is designed to provide accurate and authoritative information in regard to the subject matter covered. It is sold with the understanding that the publisher is not engaged in rendering legal, accounting, or other professional service. If legal advice or other expert assistance is required, the services of a competent professional person should be sought. "From a Declaration of Principles jointly adopted by a Committee of the American Bar Association and a Committee of Publishers and Associations." Due to the nature of the U.S. legal system, laws and regulations constantly change. The editors encourage readers to carefully search the site for all content related to the topic of interest and consult qualified local counsel to verify the status of specific statutes, laws, regulations, and precedential court holdings.