Monthly Archives: June 2017

Is Your Health and Welfare Plan Compliant?

June 19th, 2017

Plans with more than 100 participants on the first day of the plan year must file a Form 5500 and associated schedules with the Department of Labor (DOL) each year for their health and welfare plans. The due date to file your IRS From 5500 is July 31 for calendar year plans.  Read BASIC’s White Paper covering 5500 Filings.  The...

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Payroll and Tax Issues in Healthcare Companies

June 19th, 2017

Healthcare companies are faced with some of the most complex and most difficult to optimize payroll and tax-related processes of all companies. The diversity of the workforce, the industry-specific overtime needs of these companies and many other difficulties, all call for special payroll management practices. It’s true that the basic principles of payment calculation are...

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New Limits on HSA’s & BASIC’s New HSA@AnyBank Service

June 19th, 2017

The IRS has recently issued Revenue Procedure 2017-37, which provides 2018 HSA contribution and coverage limits. For 2017 HSA’s, the limits have changed not just for contributions but for both self and family coverage as well. HSAs are a great way for employers and employees to control cost while still providing a rich benefits package. HSAs...

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