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Social Security Reporting

Social Security reporting is required for all religious institutes who participate in the Social Security system on behalf of their members. Those institutes that participate in the system calculate the fair market value of "wages" for their members and pay both the employee and employer portion of the FICA tax. In this system, reporting is required at regular intervals and there are penalties for not reporting on a timely basis. For those institutes that desire assistance with this reporting requirement, BMT has developed a process for performing this task for them.

BMT can assist with the following:

  • Filing W-2 information with the government on behalf of the religious institute
  • Completing the W-2 and/or 941 forms and providing them to the religious institute for filing
  • Calculating, managing, and/or making direct payments for required taxes

Testimonials

"The Sisters of Charity (Halifax)'s involvement with BMT now spans two years. During that time, the company has provided us with highly competent, professional and friendly staff helping to ensure the effective and efficient operation of the finances at our Boston office."
–Sr. Joan Butler, SC
Sisters of Charity, Halifax

"John Tortolani provided me with excellent assistance and insight on all matters related to our property sale. He was not only an excellent consultant; he was a partner with me and brought invaluable insight and expertise to the table in the marketing and final negotiations of the sale."
–Robert A. Twele, OFM
Catholic Relief Services

"It was a joy to have Peter Kandel and Kate McDonnell with us at La Reina High School. They were extraordinary with their professionalism, patience and encouragement.
Both spent the time they needed to leave us with basic reports that will enable us to move forward."
–Sr. LaReina Kelly, SND
La Reina High School, Thousand Oaks, CA

"John Tortolani provided me with excellent assistance and insight on all matters related to our property sale. He was not only an excellent consultant; he was a partner with me and brought invaluable insight and expertise to the table in the marketing and final negotiations of the sale."
–Robert A. Twele, OFM
Catholic Relief Services

"Connie Neeson and her BMT Benefit Eligibility Management Team have been an outstanding asset for the Sisters of Providence.
The team manages the government programs for all our sisters. I have complete confidence in the work these wonderful women do with our sisters with regard to Social Security, Medicare, Medicaid, SSI, etc,. Without the Benefit Eligibility Management Team we would not have the financial help from the programs for which we qualify.
We are so grateful that we were the first congregation that Connie worked with to enroll us in these programs.
Now there are so many other congregations sharing in the expertise possessed by Connie and her entire team. What wonderful, helpful, beneficial service is provided to religious congregations by this team of women."
–Sister Nancy Reynolds, SP
Sisters of Providence, St. Mary of the Woods, IN

"Our Congregation used to have separate databases for Sisters' personal information: Social Security income, Insurance, etc.
 
Now it's all easily accessible in an eye appealing format in BEATRICE (BMT's web-based data management tool) -- it saves a lot of time looking for what we need.

In the short nine months we've been with the Benefit Eligibility Management Team of Brenner, McDonagh and Tortolani, in accessing government benefits for us, they have both, greatly increased our income and decreased our expenses as well as taken a lot of work out of the Treasurer's Office!"
–Sister M. Veronica Robert,O Carm
Carmelite Sisters for the Aged and Infirm, Germant

"Thanks much for bringing to a successful conclusion the BMT assessment project. The insights and recommendations presented will be valuable in our planning during many years to come."
–Sister Christa Franzer
Sisters of St. Francis

"It is difficult to adequately convey my gratitude to the BMT firm for your decades of commitment to and support of Mercy Providence.
Know that BMT has my sincere best wishes for continued blessings and success in your service to religious congregations."
–Marypatricia Murphy, RSM
Sisters of Mercy of the Americas

"Your advice and expertise has proven very valuable to us over the last several years. In particular, Bob Moody as a member of the Investment Advisory Committee and Peter Kandel assisting with accounting issues."
–Br. David Turmel
Brothers of Holy Cross, Eastern Province

"It was a joy to have Peter Kandel and Kate McDonnell with us at La Reina High School. They were extraordinary with their professionalism, patience and encouragement.
Both spent the time they needed to leave us with basic reports that will enable us to move forward."
–Sr. LaReina Kelly, SND
La Reina High School, Thousand Oaks, CA

"Kelly Murphy is well informed on the operating aspects of a religious institute's finance office and provides me with key viewpoints and alternative operating ideas.
 
She has performed these services and numerous others in a very energetic, professional and competent manner."
–Sr. M. Jeremiah O'Sullivan, mfic
Missionary Franciscan Sisters of the Immaculate Co

"John Tortolani has worked with us in the financing of the construction of our new motherhouse building and the completion of the sale of two elementary schools.
 
He continues to be our representative in the sale of our previous motherhouse building and about forty acres of land.
 
John has always been a highly respected consultant whom I would strongly recommend for any service he felt qualified to offer."
–Sr. Olivia Reginella
Sisters of the Catholic Apostolate

"Are you in good hands?" Well I think we
are in GOOD HANDS thanks to all of you at BMT" –Sister Mary Francis, OBS
Blessed Sacrament Monastery, NY