Recent News

With an unlimited number of sources publishing HR related news it can be difficult to keep the facts straight. BASIC strives to deliver simple, easy-to-understand, and timely industry news/updates. From legal advice, regulation updates, and interesting interactive resources – we have you covered!


 Recent News



Standard Mileage Rates for 2018 Are Up

January 17th, 2018

The IRS has issued the 2018 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning on Jan. 1, 2018, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be: 54.5 cents for every mile

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Reasons for Debit Card Declines at the Merchant Point of Sale

January 17th, 2018

No one expects their benefit debit card for FSA, HRA, and/or HSA to decline when they use it; however, there are many reasons why this can happen. Most Frequent Valid Decline Reasons for the FSA, HRA, and/or HSA Benefit Debit Card: The card has not been activated or has been suspended. The card has no

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BASIC Appoints Robert Hayes as New President & CEO

January 9th, 2018

Portage, Michigan. – January 8, 2018 – BASIC (Benefit Administrative Services International Corporation) today announced  Robert Hayes will serve as the new President and  Chief Executive Officer, effective January 1, 2018. Hayes  most recently served as Executive Vice President and Partner at BASIC, primarily responsible for the western division (BASIC pacific).  Robert brings more than 15 years

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Deadline for Furnishing Statements Extended from January 31 to March 2

December 28th, 2017

IRS Notice 2018-06: Deadline for Furnishing Statements Extended from January 31 to March 2 The IRS has extended the deadline for employers, insurers, and other providers of minimum essential coverage to furnish the 2017 forms 1095-B and 1095-C to individuals. The due date is now March 2, 2018. The due date for filing the 1095

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Social Security Administration Corrects Its Taxable Amount

December 21st, 2017

In October, the Social Security Administration made its usual announcement about changes in the maximum salary level subject to the Social Security tax. The new figure was $128,700, an increase of $1,500 over the old limit. However, in late November, the SSA took the unusual step of lowering this figure from $128,700 to $128,400. This

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The Right Way To Adjust Salary Scales: Cost of Labor vs. Cost of Living

December 21st, 2017

When you decide how much to budget for pay increases and how to adjust your salary scales, do you use cost of living data? Step away from the tables. They’re not going to get you the talent your company needs to succeed. Cost of Labor How much more money gas may cost one consumer compared

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Reducing Your Company’s Bottom Line: Dependent Eligibility Audits

December 21st, 2017

Rising costs make health care into a make-or-break issue for many businesses, especially smaller ones. In fact, recent figures from the Bureau of Labor Statistics suggest that 57% of workers at firms hiring 100 employees or fewer have less access to employer-sponsored healthcare. And because the Affordable Care Act (ACA) expanded dependent eligibility to 26

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BASIC ACA Alert-IRS Enforcement of ACA Penalties for 2015 Reporting Year

November 20th, 2017

Beginning as soon at the end of 2017, the IRS has stated that they are going to begin enforcement of the Affordable Care Act’s (ACA) employer mandate penalties.  The ACA is still the law of the land and the IRS is obligated to enforce this law.  According to the IRS’s recently updated Questions and Answers

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BASIC’s Human Capital Management Solution: HCM 2.0

November 20th, 2017

BASIC is proud to present the newest version of our human capital management solution: HCM 2.0, an integrated all-in-one payroll and human resource system. HCM 2.0 handles all of your human capital management needs in one convenient place, eliminating the stress of forcing incompatible software to integrate. The system includes, but is not limited to:

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Use Family-Friendly Benefits to Attract and Retain Key Employees

November 20th, 2017

Family-friendly benefits are a new concept to attract and retain key employees. Companies in the past often offered “family days,” like the annual company picnic, but today’s companies go much further in their efforts to help employees with dependents manage their complex schedules. Make Kids Welcome Some offices welcome small children, especially on days when

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