Practical HR Tips, News & Advice. Updated Daily.
When it comes to implementing health reform, the federal government agencies definitely are not taking a summer vacation. Just this week, new rules on communicating health plan information to consumers, health insurance exchanges and premium tax credits have been issued. Here’s a quick list: 1. Communicating health plan information. The U.S. Departments of Labor, Health […]
COBRA Administrators: No need to order gifts off a wedding registry for soon-to-be-married employees — just print out and present to the couple a copy of the general/initial notice for COBRA continuation coverage, according to COBRA expert Paul M. Hamburger, Esq. Well, before you take this too seriously, some context is necessary. Hamburger, contributing editor […]
by Gary S. Fealk Businesses often find it advantageous to hire independent contractors to perform a variety of duties in place of employees. Using independent contractors can reduce expenses for payroll taxes and benefits, avoid the impact of laws like the Fair Labor Standards Act (FLSA) and the Family and Medical Leave Act (FMLA), and […]
If you have not updated your plan documents to conform with the new rules for reimbursing the cost of over-the-counter (OTC) drugs under the Patient Protection and Affordable Care Act (PPACA), time is almost up. You only have till June 30! Under the PPACA, only OTC drugs that have been prescribed may be reimbursed through […]
by Vaughn Burkholder and Tara Eberline What do the U.S. Department of Labor (DOL), the Internal Revenue Service (IRS), and Congress have in common? Sound like a setup for a bad joke? The punch line is that each of those federal entities has announced its intention to focus on employers’ misclassification of employees as independent […]
Here’s a chance for you to interact with the blog editors from Thompson Publishing Group’s HR and benefits group. If you have a question or comment about flexible benefits cafeteria plan enrollment, send it along! In the meantime, here’s John Iekel, managing editor of the Flex Plan Handbook, responding to just that kind of question. […]
The IRS released details on withholding for 2011, including a payroll tax cut for employees. Employers can view early release copies of percentage method tables for income tax withholding in 2011 on the IRS website.
The IRS recently issued Notice 2010-69, which defers the Form W-2 reporting requirement found in the Patient Protection and Affordable Care Act (PPACA) by clarifying that such reporting won’t be mandatory for W-2s issued for 2011. The provision in the PPACA that addresses this W-2 reporting was designed to be effective for taxable years beginning […]
On September 3, 2010, the IRS issued guidance addressing the changes made by the health care reform package (the Patient Protection and Affordable Care Act and the Health Care and Education Affordability Reconciliation Act of 2010) to the use of certain health care accounts. More specifically, effective in 2011, the health care reform legislation limits […]
The IRS recently released Form W-11, Hiring Incentives to Restore Employment (HIRE) Act Employee Affidavit. The HIRE Act (H.R. 2847), a jobs bill President Barack Obama signed into law on March 18, 2010, provides tax breaks to employers that hire unemployed workers or individuals who were working only part-time in 2010. Under the HIRE Act, […]