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…
News
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…
IRS would like you and your finance team to bump “Create more secure passwords” to the top of your priority list for 2020. The Taxman recently released new advice in honor of National Tax Security Awareness Week. And it has…
Whether your finance department is ready or not, globalization is spreading and international payments are steadily increasing. In 2019, 83% of companies sent cross-border payments, according to a new report from Levvel Research. That’s a 10% increase from 2018. And…
You have another reason to hope the economy doesn't fall into a global recession: Turns out one in three banks wouldn’t survive such a downturn. The only way they'd make it? If they merged with another financial institution or massively…
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…
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…
