Tag: tax

payroll

4 Challenging Payroll Quirks and Questions for Employers

Usually payroll moves along smoothly. You record time worked and pay the hourly wage or overtime. Still, every once in a while, a situation crops up that makes you shake your head and start frantically thumbing through your policy manual for an answer. Here are a few common issues.

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healthcare

IRS Adjusts HSA Contribution Limit, Other Thresholds for 2018

The family contribution limit for a health savings account (HSA) for 2018 was reduced from $6,900 to $6,850 by the Internal Revenue Service (IRS), along with adjustments made to other IRS thresholds to reflect the recent tax legislation.

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benefits

Fringe Benefits Affected by the TCJA: Meals, Achievement Awards, and Other Expenses

The enactment of the Tax Cuts and Jobs Act (TCJA) on December 22, 2017, brought the most sweeping overhaul of the Internal Revenue Code (IRC) since 1986. Most of the changes took effect January 1, 2018. In part one of this article, we discussed the TCJA’s impact on employer provided fringe benefits, in regard to […]

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Fringe

Fringe Benefits Affected by the TCJA: Moving and Transportation Expenses

The enactment of the Tax Cuts and Jobs Act (TCJA) on December 22, 2017, brought the most sweeping overhaul of the Internal Revenue Code (IRC) since 1986. Most of the changes took effect January 1, 2018. This article discusses the TCJA’s impact on employer provided fringe benefits and our insights, based on conversations with employers […]

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401K

Tax-Reform Changes Lead Some Employers to Raise 401(K) Matches

A handful of large U.S. corporations announced they are raising the employer match for their 401(k) retirement plans or are making other changes in their benefit plans in the first month after a tax reform law was signed by President Trump. And nearly half of companies surveyed said they are considering taking such an action […]

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Benefits

Tax Law Fueling Changes to Employer Benefits and Compensation Programs

The new tax reform law is fueling changes to corporate America’s employee benefits, compensation, total rewards, and executive pay programs, according to a survey by Willis Towers Watson, a global advisory, broking, and solutions company. The survey of 333 large and midsize employers reveals nearly half (49%) of the respondents are considering making a change […]

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IRS

2018 Withholding Tax Table Is Now Available

The Internal Revenue Service (IRS) has released Notice 1036, updating the income-tax withholding tables for 2018. The new tables reflect changes made by the tax reform legislation enacted last month. The updated withholding information shows the new rates for employers to use during 2018.

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U.S. Supreme Court Building

Employers Need to Continue Healthcare Reform Implementation

The U.S. Supreme Court held the attention of the nation (and employers) on Thursday, June 28, when it released its highly anticipated decision on the healthcare reform law (the Affordable Care Act, or ACA) enacted in March 2010. In a decision that surprised many analysts, the Court upheld the law in a 5-4 opinion authored […]

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U.S. Supreme Court Building

Employers: “Full Speed Ahead” on Healthcare Reform

By Douglas R. Chamberlain Sulloway & Hollis, P.L.L.C. The U.S. Supreme Court’s historic decision on healthcare reform (also known as the Affordable Care Act, or ACA) will be dissected and argued about for many years to come. The Court essentially upheld all the key elements of the healthcare reform law — most notably the so-called […]

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