RubinBrown’s Construction Group recently attended the Joint AGC/CFMA National Conference in Las Vegas, NV.
Despite numerous reports of fraud and abuse, most religious
organizations are reluctant to admit that they could find themselves a
victim of fraud by one of their own members or employees.
Religious institutions strive to build a trusting relationship with
their members and employees that are built on the foundation of
religious beliefs. This environment, coupled with tight budgets and
limited financial oversight, makes religious organizations particularly
vulnerable to fraud.
On December 16, the Senate passed the Tax Increase Prevention Act of 2014
. The package includes provisions that extend for one year retroactively to January 1, 2014 and through December 31, 2014, some 54 expired tax provisions. The President is expected to sign this into law this week.
Recently, the United States Department of Labor (DOL), the Internal
Revenue Service (IRS) and the Department of Health and Human Services
(DHHS) issued new guidance to deter implementation of certain strategies
being marketed to employers that reduce costs associated with complying
with the requirements of the Affordable Care Act.