Monthly Archives: March 2018

IRS Issues Updated Withholding Calculator and Form W-4

March 21st, 2018

Feb. 28,2018- The IRS has provided an updated calculator to help taxpayers figure out their withholdings under the new tax rules, as well as a new Form W-4. Click here to access the calculator and form on the IRS site, and learn the important details.        ...

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The Complete Compliance Package Every Employer Needs

March 21st, 2018

The Affordable Care Act (ACA) added to the already overwhelming amount of mandatory notices and documents required for employers to remain compliant. The Employee Retirement Income Security Act (ERISA) is no exception to this trend, presenting further challenges to employers in remaining compliant with federal and state laws. ERISA is a 40-year-old compliance requirement which demanded...

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COBRA: Now is a Good Time to Look Back

March 21st, 2018

COBRA generally applies to all private-sector group health plans maintained by employers that have at least 20 employees on more than 50 percent of its typical business days in the previous calendar year. COBRA also applies to plans sponsored by state and local governments. Who counts? Both full and part time employees count towards your determination...

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HSA Family Contribution decreased for 2018

March 8th, 2018

Today, IRS released Revenue Procedure 2018-10  which modifies and supersedes certain sections of Revenue Procedure 2017-58 and supersedes Revenue Procedure 2017-37 to reflect by new tax  law (pub. L no. 115-97 enacted December 22, 2017.  This law changed the annual inflation adjustment factor from the “Consumer Price Index” (CPI) to a new factor known as “chained...

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DOL Updates Employer CHIP Notice

March 1st, 2018

The U.S. Department of Labor (DOL) has updated its model notice for employers to provide information on eligibility for premium assistance under Medicaid or the Children’s Health Insurance Program (CHIP). This notice is generally updated twice a year. Click here to download the updated notice in PDF format. Annual Notice Requirement Employers that provide health...

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