Monthly Archives: February 2009

Congress Approves Stimulus, Impacting COBRA Administration and Payroll Tax Reporting

February 1st, 2009

Published February 2009 On February 13, the Congress passed the American Recovery and Reinvestment Act of 2009 (the “Act”, a.k.a. the Economic Stimulus Package). The Act includes tax breaks for businesses and individuals, including COBRA subsidies for involuntarily terminated workers. According to a Wall Street Journal graphic available online as a PDF, about 38 percent...

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Finding Bogus Beneficiaries

February 1st, 2009

Published February 2009 Excerpts taken from: Victoria E. Knight Wall Street Journal February 6, 2009 Seeking to rapidly cut costs as the economy sours, a growing number of U.S. employers are zeroing in on workers who are collecting health benefits for which they aren’t eligible. In recent years, such “dependent eligibility audits” — where employees...

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Top 10 Payroll Mistakes

February 1st, 2009

Published February 2009 Any business with employees must have a system in place for handling payroll activities, which includes paying employees, filing all necessary government forms, and promptly paying taxes. Here are 10 of the most common payroll mistakes to be aware of: Missing deadlines. It is imperative that you mark your payroll calendar and...

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The Separation between Severance Packages and Agreements

February 1st, 2009

Published February 2009 Often discussed hand-in-hand, severance packages and agreements have important differences. A severance package refers to an employer’s offer of added money and/or benefits to a terminated employee. A severance (or separation) agreement refers to a written agreement in which the departing employee agrees to certain promises made to the employer. The following...

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Federal and State Alerts

February 1st, 2009

Published February 2009 Alerts Below, you will find alerts for laws that have recently changed or are about to change. This list is not comprehensive. It is designed to bring to your attention a sample of legal updates that our team of HR Pros considers particularly important. We recommend that you always consult the Federal...

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