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



Checklists for Completing Reporting under Code Section 6056 Available

April 13th, 2015

Provided by Larry Grudzien, Attorney-At-Law I have created two checklists to assist in completing Forms 1094-C and 1095-C.  One checklist is for fully insured medical plans and the other is for self-insured medical plans.  These checklists provide guidance on both what information has to be collected and how such information is applied in completing the forms. 

Read more

Compliance Questions – Temporary Employees & FMLA

March 20th, 2015

Q.  My client regularly utilize temporary employees, some of whom we hire permanently. Does the time they work as a temp (through an agency) count toward the 12-month and 1,250 hour eligibility requirements? A: An employee is eligible to take FMLA leave when, among other things, he/she has worked for the employer for 12 months (which,

Read more

Don’t Be Snowed Under by Payroll Rules

March 19th, 2015

Snowfalls in the Northeast have shattered long-time records this year, paralyzing transit systems and roads, and preventing hundreds of thousands of people from making it to their jobs. This raises the question: What are the payroll consequences of situations like this? Background Although state law may control outcomes, the relevant statute on the federal level,

Read more

Reimbursements for Health Plan Premiums and the ACA: Are You In Violation?

March 19th, 2015

Over the years, some employers have opted to provide their employees with reimbursement toward the cost of purchasing individual insurance plans in lieu of providing a group health plan. Many did so by establishing an Employer Payment Plan (EPP). The EPP refers to any agreement where employees treat the employer’s direct contributions (either through reimbursement

Read more

IRS Notice 2015-17

February 25th, 2015

An employer-sponsored HRA will not be able to avoid the annual limit requirements by being integrated with individual market coverage or with an employer plan that provides coverage through individual policies.   The Agencies apply this rule to any group health plan used to purchase coverage on the individual market, not just to HRAs. The group

Read more

NLRB’s New Quickie Election Rules May Tilt Scales Towards Unions

February 18th, 2015

The “quickie election” rules were originally proposed two years ago, but were narrowly rejected by the National Labor Relations Board (NLRB) when the majority of its five members were appointees of President George W. Bush. Today the majority are President Obama appointees, and the rules were adopted 3-2, along party lines. From the majority’s perspective,

Read more

Take the Human Error Out of Payroll & Stay Compliant with ACA Requirements

February 18th, 2015

A critical aspect of the Affordable Care Act is the new employer mandate to offer health insurance. The employer mandate requires businesses with 50 or more full-time and full-time equivalent (FTE) employees to offer health insurance coverage. If tracked incorrectly, your company will become vulnerable to unnecessary audits and costly penalties. Luckily, BASIC offers employees

Read more

Applying the Affordablity Safe Harbors

February 12th, 2015

Question: In applying one of the affordability safe harbors for 2015, is the figure 9.56% applied instead of 9.5%? Answer: No. Beginning in 2015, the IRS increased the percentage of an employee’s household income-from 9.5% to 9 .56% – that may be charged for the employee’s required contribution and still be considered “affordable” for purposes

Read more

Employment Workplace Lawsuits: 2 Growing Concerns for HR

January 22nd, 2015

2014 was a record year for workplace litigation. Increased audits from the Department of Labor and growing awareness of employee rights cost employers more than a billion dollars in the last year alone. The two areas primarily responsible for this monster growth in lawsuits are ERISA and FMLA, and multiple reports forecast this trend to

Read more

Mass Transit Limits Increased

December 24th, 2014

On December 19, 2014. President Obama signed the Tax Increase Prevention Act of 2014 (the “Act). The Act included  changes to mass transit benefits. The monthly maximum for mass transit benefits provided to an employee has been $130 per month, while the parking fringe benefit has been $250. The Act has equalized the two benefits retroactively to January 1, 2014

Read more