Treasury, IRS, and Labor announce plan to implement Coronavirus-related paid leave for workers and tax credits for small and midsize businesses

2021-04-06T01:26:36+00:00

The IRS issued official guidance as to how the credit for paid leave due to COVID-19 will be taken.  It will be a direct offset against any payroll tax deposit required, so it will make the additional cash immediately available.  There are some pretty good examples in the IRS notice issued yesterday, which you can read here: Visit: IRS.gov
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Treasury, IRS, and Labor announce plan to implement Coronavirus-related paid leave for workers and tax credits for small and midsize businesses2021-04-06T01:26:36+00:00

CARES Act: Coronavirus Aid, Relief, and Economic Security Act

2021-04-13T02:52:43+00:00

Congress passes the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) On March 27, the President signed into law the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). The CARES Act comes as a continued response to the Coronavirus 2019 (COVID-19) pandemic that is significantly impacting the United States. The Act is a $2.2 trillion economic package that is meant to stabilize individuals and employers, while the nation continues to experience shelter-in-place advisories/orders and hospitals report a surge of severely ill COVID-19 patients. The Act’s Paycheck Protection Program is retroactive to February 15, 2020, which is important for businesses
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CARES Act: Coronavirus Aid, Relief, and Economic Security Act2021-04-13T02:52:43+00:00

4 Reasons Why Healthcare Costs are on the Rise in 2021

2021-03-12T09:52:10+00:00

4 Reasons Why Healthcare Costs are on the Rise American businesses are noticing a frightening trend: healthcare costs are on the rise and there are no signs that the costs are slowing down. Studies show that healthcare spending per person has grown more than 4% in the past few years, with more individuals receiving support for multiple chronic conditions than ever before. This represents a 10-year rise of nearly 18% for individual healthcare services, which explains why healthcare utilization has stayed mostly flat while costs continue to go up. There are a number of factors that make up these figures, but
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4 Reasons Why Healthcare Costs are on the Rise in 20212021-03-12T09:52:10+00:00

3 Steps to Take for a Successful 2021

2021-03-12T10:14:30+00:00

3 Steps to Take for a Successful As we inch closer to starting the new year, it’s time to reevaluate and redesign your employee benefits to ensure you and your team are set up for success. So much has happened during this past year with the coronavirus pandemic. Changes have included long leaves of absences, employee status changes, and new employees hired in some cases. This means the demographics of the average work environment have changed considerably over the past months. Now is a good time to take stock of exactly what you will be offering your employees to meet employees’
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3 Steps to Take for a Successful 20212021-03-12T10:14:30+00:00

4 Strategies to Recruit Successful Remote Workers

2021-03-12T13:10:33+00:00

4 Strategies to Recruit Successful Remote Workers Welcoming new team members is a great step to continue building your team’s success. Though it may seem like an arduous task to integrate new faces into your existing company with so many employees working from home, proper planning can ensure that you find the right candidate to further fuel your team’s success. Consider the following suggestions to help you recruit the right remote workers. Evaluate Who You Need to Fit the Role Be sure to have specifics on how you need to fill the role. It’s important to define the traits you’re
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4 Strategies to Recruit Successful Remote Workers2021-03-12T13:10:33+00:00

Another ACA requirement has been delayed

2013-07-07T17:02:20+00:00

Another ACA requirement has been delayed. Read more here: http://www.insurancejournal.com/news/national/2013/07/08/297625.htm And if you are curious as to what the Essential Benefits are: http://news.anthem.com/bcp/index.php/articlepreview/index.html/certain_essential_benefits_must_be_included_for_some_individual_and_small_g

Another ACA requirement has been delayed2013-07-07T17:02:20+00:00

IMPORTANT HCR UPDATE: Employer Mandate Delayed until 2015

2013-07-07T17:02:15+00:00

Have you heard the news? The ACA has been postponed! http://www.washingtonpost.com/blogs/wonkblog/wp/2013/07/02/white-house-delays-employer-mandate-requirement-until-2015/?print=1 Let's talk details: 1. What’s Been Delayed The play or pay provision requires employers with 50 or more employees to do the following to avoid penalties: Offer minimum essential coverage to 95 percent of full-time employees Offer minimum value (60 percent) coverage to full-time employees Offer affordable (less than 9.5 percent of income) coverage to full-time employees Consider employees who average 30 or more hours per week full-time for purposes of their health plan Count employees’ hours to determine whether they average 30 or more hours work per week Because
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IMPORTANT HCR UPDATE: Employer Mandate Delayed until 20152013-07-07T17:02:15+00:00

Less than 50 Employees – Does Health Care Reform apply to me??

2013-05-25T16:54:44+00:00

(Most of these do not apply to grandfathered plans) Text Highlighted in Red = Requires action by the employer o Mandate to cover specific benefits in the small group market - preventive, no preexisting for children, no lifetime limit, limitedannual maximum, no rescission, dependent to age 26 - 2010 o Existing plans grandfathered as of date of enactment from some, but not all, of the new plan requirements - 2010 o Non-discrimination requirements for insured plans - 2010 o An internal and external appeals process - 2010 o No prior authorization for emergency services - 2010 o Plans must allow designation
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Less than 50 Employees – Does Health Care Reform apply to me??2013-05-25T16:54:44+00:00
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