Mandatory Prescription Data Collection Reporting Postponed
- BAS
- 12.01.2023
- Company News
Employers, as sponsors of their group health plans, are required to report information about their plan’s prescription drug benefit utilization. Reporting is made to the ...
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W-2 Reporting for Health Coverage
- BAS
- 05.01.2023
- HR & Benefits Compliance
As employers start the process of preparing W-2 data, remember that the Affordable Care Act requires some employers to inform employees about the cost of ...
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Form 5500 for 2022 Released
- BAS
- 15.12.2022
- HR & Benefits Compliance
The U.S. Department of Labor, IRS and Pension Benefit Guaranty Corporation released the 2022 Form 5500 Annual Return and associated instructions. Pension benefit plans ...
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Form W-4 Review
- BAS
- 08.12.2022
- Company News
The IRS encourages employees to review their Form W-4 periodically. Form W-4 is the IRS Employee Withholding form that directs an employer how much federal income tax ...
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Required Notices for OE
- BAS
- 01.12.2022
- Company News
Employers with calendar year plans are preparing for an upcoming open enrollment. Part of the preparation should include gathering the notices that must be distributed ...
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Publication 5137, Fringe Benefit Updates for Government Employers
- BAS
- 17.11.2022
- Company News
A fringe benefit is a form of pay from an employer that is in addition to regular wages for the performance of services. Under section 61 of the Internal Revenue Code, ...
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Employee Versus Independent Contractor
- BAS
- 10.11.2022
- HR & Benefits Compliance
The Department of Labor is once again modifying the rules for determining if a worker is an employee or independent contractor under the Fair Labor Standards Act. A new ...
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Updated EEOC Poster
- BAS
- 03.11.2022
- Company News
The Equal Employment Opportunity Commission (EEOC) released a new “Know Your Rights: Workplace Discrimination is Illegal” Poster. This poster replaces the previous ...
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State Rules for Voting Leave
- BAS
- 27.10.2022
- Company News
As Election Day approaches, employers should know if they are required to provide employees time off from work to vote. Federal law does not require an employer to ...
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FSA Contribution Limits for 2023
- BAS
- 20.10.2022
- Dependent Day Care FSA
The Internal Revenue Service announced annual inflation adjustments for 2023. Sponsors of calendar-year health flexible spending account plans look for guidance on ...
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