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



Stop Worrying About COBRA Compliance

February 1st, 2010

Published February 2010 COBRA is riddled with a myriad of complications and administration is not going to get easier any time soon. In fact, COBRA administration has become even more complex with the recent extension of the COBRA subsidy. The following is a simple summary of the changes brought about by the COBRA extension. A

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BASIC Implements ZixMail For Email Encryption

February 1st, 2010

Published February 2010 Like you, BASIC is very concerned with data security. In order to best protect Personal Health Information (PHI) and other personal information, BASIC is installing an email encryption solution (ZixCorp) over the next couple weeks. We will provide more information as we near the final stages of implementation, specifically how to view

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COBRA Subsidy Extension: Now Federal Law (Free Webinar)

January 1st, 2010

Published January 2010 After months of deliberation, the COBRA subsidy has been extended. President Obama signed H.R. 3326 into law on December 19, 2009. This law has brought a few changes to the COBRA subsidy in addition to the extension. The extension: Reverses earlier guidance that AEIs would have to start COBRA coverage on or

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IIAS 90% Rule Program: Its Affect On FSA And HRA Debit Card Use

January 1st, 2010

Published January 2010 What is the 90% Rule? The 90% rule program if for drug stores and pharmacies who want users of FSA and HRA debit cards to have the ability to swipe cards in their stores, but are not an IIAS Registered Merchant. IIAS was established in 2008 as a way to prevent participants from

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Payroll: Outsource Some Of Your Headaches

January 1st, 2010

Published January 2010 A popular way for employers to reduce their paperwork and compliance headaches is to outsource business functions such as bookkeeping and accounting. In fact, 58 percent of American businesses now outsource some of their functions, according to a survey conducted by the Society of Human Resources Management. Among the reasons: it cuts

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Confusion Regarding the COBRA Subsidy

December 1st, 2009

Published December 2009 As many people already know and more seem to find out every day, COBRA can be a difficult and complex regulation to comply with; even more so when the Department of Labor (DOL) releases COBRA notices that are confusing and borderline contradictory. Originally, the DOL interpreted the ARRA to read that individuals

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The Why and How to Choosing a Payroll Service

December 1st, 2009

Published December 2009 Payroll processing is not unique, but some companies handle it better than others. Switching or starting fresh with a payroll provider can bring many benefits, including more time to devote to business operations and employees as well as less stress and worry about inaccurate payroll and taxes. To help you choose the

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Use a Dependent Care FSA to Save Money on Child Care Expenses

December 1st, 2009

Published December 2009 Child care costs are on the rise, with the average family paying between $7,200 and $9,600 per year. Most families would jump at the chance to reduce their child care costs and their opportunity comes in the form of a Dependent Care Flexible Spending Account. With a Dependent Care FSA, you can

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Ensuring Data Security at BASIC

December 1st, 2009

Published December 2009 Here at BASIC, we want you to know that your data is safe and secure, so we put together a list of some of the precautions we take. The following are measures we are taking with regards to data security: HIPAA Compliance Each of our administration software vendors offer encrypted and secured

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IRS Audits to Find Employee Misclassification and Lost Tax Dollars

November 1st, 2009

Published November 2009 Although employee misclassification itself is not a violation of law, it is often associated with labor and tax code violations. These misclassifications cause the government to miss out on large amounts of tax revenue that it could put to use. For example, in the tax year 1984, the Internal Revenue Service estimated

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