Fringe benefits can be tricky when tax time comes around. Keeping complete records helps you avoid legal hassles. Here's a recent case where an employer's excellent recordkeeping and reporting kept it out of trouble with the Service. After United Airlines…
Benefits
Inflation hasn't been this high in decades, and you may be wondering how it'll affect company benefit costs. You're not alone. In a recent Mercer survey, most CFOs (68%) said controlling employee health benefit costs is a significant/very significant concern.…
There’s a factor you might not be considering that’s impacting more than 85% of your people’s productivity and hurting your bottom line right now. It’s employees’ worries about their own personal finances. Over half of employees surveyed by SoFi at…
IRS has released proposed regs on the Setting Every Community Up for Retirement Enhancement (SECURE) Act. If your company offers a defined contribution plan as an employee benefit, the regs contain important info for you. The regs go into detail…
While providing comprehensive employee benefits may be expensive, it’s well worth the investment to stay competitive with your peers and retain your best people. Other companies are offering employees a host of benefits. And they’re using them at significant rates.…
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…
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…
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…
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 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…
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…
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…
