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



Take the Pain Out of Restaurant Payroll

September 29th, 2015

Restaurant payroll and tip reporting are complex. There are numerous requirements that employers face, such as reporting tip income and collecting tax on tips. Restaurateurs also must ensure that the total tip income reported to them by tipped employees during any pay period is, at a minimum, equal to 8% of their total receipts for

Read more

Seasonal Workers and the ACA Shared Responsibility Penalty

September 25th, 2015

If your organization employs seasonal workers or part-timers for the holidays, take note: The IRS has issued a Health Care Tax Tip on how these individuals affect whether your business is subject to the shared responsibility provisions of the Affordable Care Act (ACA). Background The ACA requires applicable large employers (ALEs) to report the health

Read more

IRS has issued final 2015 forms for 1094-B, 1095-B, 1094-C and 1095-C

September 22nd, 2015

IRS has issued final 2015 forms for 1094-B, 1095-B, 1094-C and 1095-C.   A link to the forms is provided below:   Form 1094-B,Transmittal of Health Coverage Information Return:   http://www.irs.gov/pub/irs-pdf/f1094b.pdf   Form 1094-C, Transmittal of Employer-Provided Health Insurance Offer and Coverage Information Return: http://www.irs.gov/pub/irs-pdf/f1094c.pdf   Form 1095-B, Health Coverage: http://www.irs.gov/pub/irs-pdf/f1095b.pdf   Form 1095-C, Employer Provided

Read more

ACA Reporting and HRAs

September 18th, 2015

September 18, 2015 Yesterday, the IRS released final instructions for Forms 1094-B, 1095-B, 1094-C and 1095-C for 2015. The instructions provide new guidance on how HRAs are reported: On page 3 of the instructions to the Form 1095-B, the IRS indicates: If an individual is covered by more than one type of minimum essential coverage, reporting is

Read more

Court Dismisses Tribe’s Case Seeking Exemption from ACA Penalties

September 3rd, 2015

The United States District Court for the District of Wyoming dismissed a lawsuit seeking to declare Indian tribes exempt from employer penalties under the Affordable Care Act’s (ACA’s) shared responsibility provisions. The tribe argued that Congress didn’t intend to cover tribal employers. Facts of the case: The Northern Arapaho Tribe, a federally recognized Indian tribe,

Read more

Are You Getting the Most out of Your Flexible Spending Account?

August 26th, 2015

As a tax-advantaged employee benefits plan, an FSA can save consumers money on out-of-pocket healthcare expenses. FSA Store is exclusively stocked with thousands of FSA-eligible products, which reduces the guesswork about reimbursement. In addition to thousands of healthcare products, FSA Store offers educational tools to help consumers better understand what’s covered by their FSA. A

Read more

IRS Issues Draft Instructions for Forms 1094-C and 1095-C for 2015

August 10th, 2015

August 9, 2015 On August 6, 2015, IRS released draft instructions for Forms 1094-C and 1095-C for 2015. The following is an overview of important provisions to consider in the completion of the forms: 1. Who Must File: If an employer is offering health coverage to employees other than under a self-insured plan, such as through

Read more

Reasons employees file FMLA-related complaints

July 28th, 2015

Being terminated for taking job-protected leave was the No. 1 reason employees filed FMLA-related complaints with the U.S. Department of Labor last year. Termination   42% Discrimination   24% Refusal to grant leave   20% Refusal to restore to position   12% Failure to maintain benefits   2% Source: DOL Wage & Hour statistics, FY2014

Read more

Recent Supreme Court Cases That May Affect Your Business

July 27th, 2015

As the U.S. Supreme Court adjourns for its summer recess, the landmark cases about same-sex marriage and the Affordable Care Act premium tax credits have garnered most of the publicity. However, you should also know about these three lesser-known Supreme Court decisions that may significantly affect your business. Kimble v. Marvel Enterprises (S. Ct. No.

Read more

Proposed DOL Rule May Make Millions More Eligible for Overtime Pay

July 27th, 2015

In his 2015 State of the Union Address last January, President Obama said employees should get the overtime they’ve earned. He then directed the U.S. Department of Labor (DOL) to review and amend the overtime rules under the Fair Labor Standards Act (FLSA) to make more workers eligible. On June 30, the DOL took steps

Read more