Finance teams can expect the slew of local sales tax rate increases that have occurred recently to keep pace for the rest of 2020. In the first five months of the year, your team faced 150 city sales tax rate…
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Just halfway through 2020, IRS has already pushed out the limits for high deductible health plans (HDHPs) and health savings accounts (HSAs) for 2021. And we can tell you that you’ll be able to let employees sock away some extra…
A recent scam proves why it’s critical for your company to track products and purchases – especially essential ones – during these hectic times. At one company, a vengeful ex-employee hacked into his former employer's system using a fake user…
Update 3: The feds recently announced they will delay collecting this job info until March 2021, due to the coronavirus. Note: This only impacts the 2019 EEO-1 reporting requirement, which includes employee demographics from any pay period from October through…
Let your Payroll and A/P teams know that there’s new guidance from IRS on handling qualified transportation fringe benefits. An advice memorandum from the Office of Chief Counsel looked closely at a company that decided to reimburse an employee in…
Do you ever wonder whether employees actually read the 401(k) fee disclosures you send them? It might not matter -- they can still sue you years down the road. That's what came out of the U.S. Supreme Court in a…
Be sure that your finance staffers are on guard, no matter where they’re currently working, because new scams are spreading during COVID-19. You’re likely well aware that criminals are using the pandemic to trick people and businesses. And it’s gotten so serious…
Health plans that otherwise qualify as high-deductible health plans (HDHPs) won’t lose that status merely because they cover the cost of COVID-19 testing or treatment before plan deductibles have been met. That’s the word straight from IRS. And employees in…
For the next two months your company doesn’t have to physically lay hands on employment authorization documents to accept them. That’s the word from the Department of Homeland Security in light of the COVID-19 epidemic. But you will have a…
Calculating the value of company cars employees drive for their personal use just got a little easier now that IRS has released final regs. And they took effect Feb. 5, 2020. The final regs provide the details you and your…
UPDATE: The National Labor Relations Board has announced the final rule will take effect April 27. Good news for employers everywhere: You’re now less likely to end up on the hook for another business’ compliance missteps. The Department of Labor…
These are some tricky times when it comes to withholding, thanks to the new tables and new W-4. Which is likely why IRS issued new guidance on how your team should handle lock-in letters. The letters spell out the withholding arrangement that…
