June 3, 2020
IRS Extension of 2019 Tax Filing and Payment Deadlines
On March 13, 2020, the President of the United States issued an emergency declaration under the Robert T. Stafford Disaster Relief and Emergency Assistance Act in response to the ongoing coronavirus disease 2019 (COVID-19) pandemic. Section 7508A of the Internal Revenue Code of 1986 (Code), as ...
June 2, 2020
Can Companies Require Their Employees To Pass A COVID-19 Test Before Returning To Work?
As the country gradually begins to reopen, organizations loosen their teleworking mandates, and employees return to the office, it may be tempting for companies to pick up where they left off and consider COVID-19 a non-concern. But for HR teams, the workplace challenges presented by the ...
May 27, 2020
2021 Health Savings Account and High Deductible Health Plan Inflation Adjusted Amounts
The Internal Revenue Service (IRS) released Rev. Proc. 2020-23 that provides the 2021 inflation adjusted amounts for health savings accounts (HSAs) and HSA-qualifying high deductible health plans (HDHPs). The 2021 annual HSA contribution limit is $3,600 for individuals with self-only HDHP ...
May 26, 2020
How To Manage On-Site Employees During the Coronavirus Pandemic
As we continue to self-isolate, executives and team leaders across the country are grappling with the challenges posed by COVID-19 and the toll it’s taken on themselves and their workers—and have been handling all of this while in quarantine. But for many employees, working from home ...
May 19, 2020
New Policies For Returning To Work Post-COVID-19
As more states either re-open entirely or unveil multi-step plans to return to normalcy in the coming months, some businesses will have the opportunity to phase out remote operations and return to on-site working. But just like every other aspect of our lives when quarantine ends, the office is ...
May 18, 2020
CMS Bulletin on Extension of Timeframes Due to COVID-19
On March 13, 2020, President Trump issued the Proclamation on Declaring a National Emergency Concerning the Novel Coronavirus Disease (COVID-19) Outbreak and by separate letter made a determination, under Section 501(b) of the Robert T. Stafford Disaster Relief and Emergency Assistance Act, ...
May 18, 2020
Compliance Recap | April 2020
April was a busy month in the employee benefits world. The President signed the Paycheck Protection Program and Health Care Enhancement Act (PPPHCEA). The Department of Labor (DOL) and the Department of the Treasury (Treasury) released a final rule extending certain timeframes under the ...
May 14, 2020
IRS Notice 2020-33
The Internal Revenue Service (IRS) issued IRS Notice 2020-33 (Notice) that increases the limit for unused health flexible spending account (health FSA) carryover amounts from $500 to a maximum of $550 (carried over from a 2020 plan year to a 2021 plan year), as adjusted annually for inflation. ...
May 14, 2020
IRS Notice 2020-29
The Internal Revenue Service (IRS) issued IRS Notice 2020-29 (Notice) that provides increased flexibility for making mid-year elections or changes under a Section 125 cafeteria plan during calendar year 2020 related to employer-sponsored health coverage, health flexible spending arrangements ...
May 13, 2020
Employee Retention Tax Credit: Qualified Health Plan Expenses FAQ Update
The Internal Revenue Service (IRS) updated its COVID-19-Related Employee Retention Credits: Amount of Allocable Qualified Health Plan Expenses FAQs. The FAQs provide guidance on determining the amount of allocable qualified health plan expenses that may be treated as qualified wages for the ...
