Epworth has received approximately $36,000 from the IRS through the CARES (Coronavirus Aid, Relief, and Economic Security) Act. This payroll tax credit is for the second quarter of 2021. The church paid for the services of a company that worked with us to obtain the credit, and this is the amount we received after paying that bill.
By approval of the Finance Committee, these funds will be reserved for emergency use, much as a line of credit.
Darlene Ford, Epworth accounting manager, has submitted documentation for several other quarters during the pandemic. We will keep you apprised of any future payroll tax credits awarded.