Entries by BASIC Admin

ACA Reporting in 2018

In todays Failure to comply with ACA reporting requirements can lead to extremely costly penalties: for each late, incomplete, or incorrect form, the IRS can levy a fee of $260. The ACA also mandates employers provide certain forms to employees on top of filing reports with the IRS. There’s a separate fee for failing to provide […]

The Benefits of an FSA

What health and savings benefits do you offer your employees? Nowadays, it’s common for employers to assist their employees with their medical expenses. If you don’t do it already, FSAs are a great place to start! Flexible spending accounts (FSAs) are an employer sponsored benefit that allows employees to set aside money on a pre-tax basis […]