Surging inflation is impacting the benefits you may offer employees in 2023, including health savings accounts (HSAs). In Rev. Procedure 2022-24, IRS adjusted next year’s thresholds for HSAs and high-deductible health plans (HDHPs). And because the updated amounts are so much higher than what they are for this year, you need to let Payroll and […]
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 pilots retire, they’re entitled to a special perk from their former employer – free “standby” […]
Could the next step in the future of work be a four-day workweek instead of hybrid telework? Some employers have had positive results with the experiment. For example, social media company Buffer reported at the end of last year that 91% of its employees said they were happier and more productive working a four-day week. […]
There’s good news for Payroll and HR if you’re still hiring employees remotely. The Department of Homeland Security (DHS) and U.S. Immigration and Customs Enforcement (ICE) have extended Form I-9 flexibility guidelines until Oct. 31, 2022. And there’s a chance this flexibility could become permanent down the line. I-9 flexibility details Because of the pandemic’s […]
Any employee complaints about missing or inaccurate pay should be taken seriously. Even if you think the worker’s crying wolf, putting their paycheck concerns on the back burner could land you in the middle of a costly fight with the feds. This happened to a staffing agency based in New Jersey: Advantix Logistics Corp. Paycheck […]
The Treasury Department would like to see federal legislation that’d clarify the tax treatment of on-demand pay arrangements. The agency spelled out its proposal in the so-called Green Book, released on the same day as President Biden’s FY 2023 budget. Employers that offer on-demand pay allow employees to access their earned wages before their regularly […]
Auto enrollment in retirement plans would be required under new legislation. The Securing a Strong Retirement Act of 2022 passed the House on March 29, 2022. The Senate has the legislation now. As currently written, HR 2954 allows employees to opt out of auto enrollment in 401(k) and 403(b) plans. For anyone who doesn’t do […]
Heads up: You may need to update certain Forms I-9 by July 31, 2022. Specifically, some employees at your company may have presented expired List B acceptable documents. The dates in question? Between May 1, 2020, and April 30, 2022. The Dept. of Homeland Security (DHS) had allowed employees to show their employers expired documents […]
In recent guidance, the Dept. of Labor (DOL) spelled out how attendance policies can cross the line into Family and Medical Leave Act (FMLA) violations. Specifically, Field Assistance Bulletin 2022-2 discussed no-fault attendance policies. With such policies, employers don’t distinguish among reasons for leave but instead give employees points for every absence. No-fault attendance plans […]
