Entries by Simon Carlson

Paperless Pay With ACH: The Perfect Time to Switch?

Employers are involved in countless transactions each month, from delivering employee paychecks to reimbursing COBRA participant premiums. However, due to the COVID-19 pandemic, many employers have suspended check payments entirely. BASIC is happy to provide alternative paperless pay methods via the Automated Clearing House (ACH) Network. ACH is used for all types of electronic payments, […]

IRS Releases Guidance on W-2 Reporting of COVID-19 Related Paid Sick and Family Leave Wages

Family Leave and Paid Sick Wages Reporting On July 9, 2020, the IRS released guidance requiring employers to report employee qualified paid sick and family leave wages provided under the Families First Coronavirus Response Act (FFCRA). View the new IRS guidance here. Guidance Explained The intent of the employer reporting requirement under the notice is […]

Webinar: Peace of Mind COBRA Compliance

DATE: Wed, Aug 05, 2020 TIME: 2:00 pm EDT to 2:30 pm EDT Register for the webinar here After registering, you will receive a confirmation email containing information about joining the webinar. Request a recording here if you are unable to attend the live session. BASIC’s proven expertise ensures consistent compliance that satisfies the requirements of […]

1.0 HRCI & SHRM: FMLA Basics and COVID-19 Considerations

DATE: Thu, Jul 23, 2020 TIME: 2:00 pm EDT to 3:30 pm EDT Register for the webinar here After registering, you will receive a confirmation email containing information about joining the webinar. Request a recording here if you are unable to attend the live session. Employment attorney Allyson Terpsma will provide a refresher course on the […]

Webinar: Help Manage HR Compliance and Employee Relations

DATE: Thu, Jul 09, 2020 TIME: 2:00 pm EDT to 2:30 pm EDT Register for the webinar here After registering, you will receive a confirmation email containing information about joining the webinar. Request a recording here if you are unable to attend the live session. During this brief presentation BASIC’s Regional Director, Chris Eckert, will demonstrate […]

PCORI Fees Guide for Employers With Self-Funded HRA Plans

PCORI Fees BASIC is offering this alert about upcoming fees that apply to self-funded HRA Plans. As you may have heard, the fees payable by health insurers and self-funded plan sponsors to fund the Patient-Centered Outcomes Research Institute (PCORI) were extended on December 20, 2019, as part of the Further Consolidated Appropriations Act of 2020. […]

Human Resources Department Essentials: HR Assist Lite

Growing a business can be extremely difficult, especially in the current economic climate. Small businesses without a human resources department often find their HR responsibilities to be time consuming and overwhelming, while mid-size companies with a human resources department may be feeling the pressure to reduce expenses. In either case, BASIC’s HR Assist Lite offers […]

2021 HSA Limits: Cost-of-Living Adjustments Released by IRS

2021 HSA Limits The IRS has issued Revenue Procedure 2020-32 (2021 HSA limits), which provides the 2021 cost-of-living contribution and coverage adjustments for HSAs, as required under Code Section 223(g). Many items have increased for 2021. Health Savings Accounts 2020 2021 Self-only coverage Self-only coverage annual minimum deductible $1,400 $1,400 Self-only coverage maximum out of […]