Monthly Archives: April 2017

Avoiding Costly COBRA Mistakes

April 21st, 2017

In the world of HR, acronyms pervade. COBRA is just one of the many acronyms that employers need to be familiar with. COBRA stands for Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA). This act protects employees who have quit their jobs, lost their jobs, or had their hours reduced, from losing their health insurance...

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Introducing BASIC’s HSA@AnyBank

April 21st, 2017

BASIC is excited to announce a new option for our HSA Administration, HSA@AnyBank! When we say Any Bank we mean any bank. If an employer has 50 employees, they can EACH choose a different bank for their HSA Account. This could be a bank or financial institution where they already have an existing HSA Account,...

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Form W-2/SSN Data Theft: Information for Businesses and Payroll Service Providers

April 10th, 2017

Form W-2/SSN Data Theft: Information for Businesses and Payroll Service Providers As the Internal Revenue Service, the state tax agencies and the tax industry make progress combatting identity theft, cybercriminals need more data to impersonate real taxpayers and file fraudulent returns for refunds. Currently, a particularly dangerous email scam is circulating. Here’s how it works:...

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