Your team has just received more than an extra month to get one critical year-end return into employees’ hands. IRS just announced proposed regulations to grant an automatic extension for employee copies of Forms 1095-B and 1095-C. Those forms would now be due March 2. And no need to wait until the regs are finalized […]
The updates continue to roll out from IRS. Most recently, the Service provided the 2022 dollar amounts for many common fringe benefits employers offer. Your team will need the latest information to avoid surprises about what must be included in employees’ gross income next year. Here’s a quick look at IRS Revenue Procedure 2021-45 to […]
Good news: Your company can rehire retirees without worrying that will compromise compliance for your retirement plan. So says IRS in a new FAQ it recently posted on its website. And that’s the case even if those people have started receiving payouts from your plan because they’re 59 1/2 or your plan’s retirement age. Also […]
No matter what choices employees make during open enrollment, one thing’s for sure: Your team has their work cut out for them before the first payroll of 2022. Take a moment now to make sure you’re up to speed on the latest law and reg changes. They’re coming your way in the aftermath of COVID. […]
Get ready to open your wallet like you used to when it comes to 2022 healthcare costs. You’re staring down the prospect of a 5.2% hike next year. And that’s after companies factor in their cost management initiatives! So finds a new survey by Willis Towers Watson. Despite this return to pre-pandemic levels of hikes, […]
A new fed FAQ clarifies that your company can offer employees a vaccine incentive via their health insurance premiums. The FAQS about Affordable Care Act Implementation Part 50, Health Insurance Portability and Accountability Act and CoronavirusAid, Relief, and Economic Security Act Implementation spell it all out. The Departments of Labor, Health and Human Services (HHS), […]
Get ready: The amount your company will be deducting from employees’ pay for health insurance premiums may change in 2022. IRS has lowered the ACA affordability percentage. That’s the first time since the Affordable Care Act (ACA) became law that the affordability percentage will decrease. It’ll be 9.61% of an employee’s household income, down from […]
As open enrollment ramps up once again, there’s no better time for some healthcare benchmarks to see how you compare to your peers. The just-released 2020 Society for Human Resource Management Benefits Survey offers many metrics. These can help you stay competitive in this increasingly important area of benefits management. For primary health plan offerings […]
Need to fix issues with your employee retirement plan? IRS just updated its procedures on retirement plan corrections. The changes to the Employee Plans Compliance Resolution System (EPCRS) get spelled out in Revenue Procedure 2021-30. Staying in compliance So your company remains in compliance when making retirement plan corrections, check out some of the key […]
