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



The New PATH Act Contains Four Payroll Tax Changes

January 29th, 2016

The tax law passed by Congress and signed by President Obama on December 18 contains some payroll tax provisions that are of interest to employers. Here are four changes in the Protecting Americans from Tax Hikes Act of 2015 (PATH Act). 1. There’s now parity between employer-provided mass transit and parking benefits. The new law

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Employment Workplace Lawsuits: 2 Growing Concerns for HR

January 29th, 2016

2015 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

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BASIC announces the launch of My HR Storage

January 14th, 2016

BASIC announces the launch of My HR Storage, a full HRIS cloud based system designed for small and mid-sized businesses. For 27 years BASIC has provided exceptional services for agents, brokers and their clients. My HR Storage is a broker centric approach to combat poaching from payroll companies and West Coast startups. This software has

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The Benefits of Outsourcing Health Care Administration

December 28th, 2015

When it comes to health care administration, employers require expert administrative analysis to navigate the ever-changing health care environment. There are numerous health plan types and associated abbreviations that create complex burdens on employers, especially as new compliance regulations and health plan changes are introduced every year. The benefits of outsourcing health care benefits such

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Perceived Retaliation Can Put Your Company in Hot Water

December 28th, 2015

If an employee lodges what you consider an unwarranted complaint about a supervisor at your company — possibly about you yourself — it’s natural to feel some resentment. But matters can quickly go from bad to worse if, after filing the grievance, that employee believes he or she is being retaliated against. Employees who seem

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Paid Sick Leave Policies Becoming Mandatory for Some

December 10th, 2015

With cold and flu season kicking in, it’s likely that many of your employees will be hit with one of these illnesses — though they might not call in sick. While many employers offer some form of paid sick leave, an estimated 43 million American workers lack any time off with pay during illness, according

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2015 Year-End Tax Planning Tips for Small Businesses

December 10th, 2015

Virtually all small business owners are frustrated with our current tax system. In fact, five out of today’s Top 10 small business concerns relate to state and federal tax issues, according to the Small Business Problems and Priorities survey released by the National Federation of Independent Business (NFIB), a small business advocacy group. Small businesses

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Form 5500 Filing Requirement for Employee Health and Welfare Benefit Plans

December 10th, 2015

Plans with more than 100 participants on the first day of the plan year must file Form 5500 with the Department of Labor (DOL) each year whether funded or unfunded. Funded plans must file regardless of the participant count. An unfunded plan is one in which benefits are paid solely from the general assets of

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Another day… Another Compliance Requirement

November 6th, 2015

The Affordable Care Act (ACA) added to the already overwhelming amount of mandatory notices required for employers to remain compliant. Employers are required to provide employees with a variety of notices advising them of their rights and responsibilities in regard to FMLA, HIPAA and the ACA. The Employee Retirement Income Security Act (ERISA) is no

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ACA 6055 & 6056 Reporting for COBRA & HRA Participants

November 6th, 2015

The Affordable Care Act (ACA) imposes demanding information reporting responsibilities on employers starting with the 2015 calendar year. The reporting stipulation states that an information return must be prepared for each applicable employee, and these returns must be filed with the IRS using a single transmittal form (Form 1094-B & 1095-B or Form 1094-C &

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