The HR Department – What You Should Outsource and Why
Outsourcing is a popular trend for companies in all sorts of industries. Services like IT, customer service and telephone sales are often outsourced by…
The Trend Towards Electronic Benefits Enrollment – 5 Reasons Why
Many employers are still using paper to enroll their employees even though the ability to automatically apply eligibility rules, collect elections and deliver enrollment…
Clarifying the Applicable Dollar Limit and Cadillac Tax
An approach is being considered by the Treasury and IRS to clarify the applicable dollar limit and cadillac tax when an employee simultaneously has…
2016 HSA Deduction Limits Set by IRS
The Internal Revenue Service has announced, in Revenue Procedure 2015-30, the 2016 inflation-adjusted deduction limits for contributions made to health savings accounts (HSAs). The…
COBRA – 4 Best Practices for Managing it Effectively in Your Organization
COBRA stands for the Consolidated Omnibus Budget Reconciliation Act. It is a law that requires health insurance providers to offer continuation coverage to employees…
ACA Reporting Compliance for Multiemployer Plans
The Internal Revenue Service (IRS) has tried to simplify reporting for multiemployer plans and contributing employers. They recently issued the new forms and instructions…
Regulatory Compliance Issues to be Concerned with Now
For employers, meeting the compliance requirements that govern their field is a moving target. With these regulations changing frequently as a result of new…
IRS Requesting Comments on Upcoming Cadillac Tax
The Internal Revenue Service (IRS) and Treasury Department have issued Notice 2015-16 to invite comments on approaches for certain aspects of the “Cadillac tax”….
Final Rule Issued on Excepted Benefits
The U.S. Departments of Labor, Health and Human Services, and the Treasury have published final rules to amend the definition of excepted benefits to…
The Responsibility of Obtaining Social Security Numbers of Spouses and Dependents for ACA Reporting
Part of the information being gathered by the IRS in Sections 6055 and 6056 reporting is the Taxpayer Identification Numbers (i.e., Social Security Numbers…