Good news for companies that offer a high-deductible health plan (HDHP) and a health savings account (HSA) … and their employees. More preventive treatments and meds for chronic conditions will now be covered before employees satisfy their deductible. That’s thanks to IRS Notice 2019-45. A few examples of what’s now in-bounds: Medications: insulin (diabetes), beta-blockers […]
You know how it works: One of your finance staffers receives an email from your CEO urging him to make an immediate wire transfer. He complies … and your company just fell victim to the classic business email compromise (BEC) scam. Well … Turns out this fraud is evolving as fast as employers can keep […]
FMLA leave costs your company enough when employees take it legitimately … then you catch an employee trying to scam you! Unfortunately it happens a lot, though probably not as dramatically as it all unfolded for one of your peers in California. An employee taking intermittent FLMA leave was caught red-handed on a fishing trip […]
As budget time approaches, fewer of you will know what new hires pulled in at their old jobs in order to determine their new compensation. New Jersey is the latest state to remove the tricky question of what someone earned at their last company from the list of things you can ask a job applicant. […]
While it’s not a done deal yet, you’re likely going to get an extra year to get in compliance with the new lease accounting standard — if you’re a private company. Last month FASB unanimously voted to push back the effective date, making the expected new deadline for annual reporting periods beginning after Dec. 15, […]
Your company will soon be able to take a new step to protect employees’ sensitive info at year-end – IRS just issued a final rule that lets employers voluntarily truncate employee Social Security numbers (SSNs) on W-2s. This isn’t the first change IRS has made to the W-2 process to minimize the risk of sensitive […]
It’s been a long time coming, but the time has come for your company to begin reporting more detailed employee pay data to the feds.
If at least some of the people leading your accounting and finance teams aren’t women, you’re missing a major opportunity.
Prepare your finance staffers now: Year-end may soon look different than it has in the past, thanks to the just-signed Taxpayer First Act.
You’ve just been handed an alternative way to afford employee health insurance: Let them buy it themselves.