Human Resources News & Insights

IRS’ new guidance on $2,500 FSA cap: 5 keys

The Internal Revenue Service just issued guidance for employers and administrators of flexible spending accounts (FSAs) as they plan for the new rules that take effect in January 2013. 

At it again: Congress weighs latest employee classification bill

Enter the latest wave in the sea of crackdowns, regulations and additional paperwork surrounding the classification (or misclassification) of employees.

IRS sets 2012 benefits limits

The Internal Revenue Service’s cost-of-living adjustments affecting dollar limitations for defined contribution and pension plans have been released. The IRS also made a few other changes employees will need to know about.

Bigger crackdown: Wage and hour violators now face multiple fines

The Department of Labor (DOL), Internal Revenue Service (IRS) and nine states have teamed up to find wage and hour violators and fine them heavily.

Watch out for new push in FLSA enforcement

Heads up: The feds and a group of states are taking a tag-team approach to making sure employees are properly classified under the Fair Labor Standards Act.

IRS cuts cell phone tax headache

Great news: The IRS has eliminated one major headache for employers associated with a common fringe benefit — cell phones.

Report: IRS to simplify health reform affordability test

It looks like employers will soon have some clarity in how to calculate if their health plans are “affordable” and make sure they won’t be penalized under the reform law’s “pay or play” mandate.

Time’s running out to comply with new HSA, FSA regs

Employers have one more week to make sure they’re in compliance with the new restrictions on health reimbursement accounts (HRAs) and flexible spending accounts (FSAs).

From the IRS: New W-2 reporting rules

While smaller employers have been given a reprieve from having to report the cost of employees’ health insurance on W-2s, larger employers weren’t as lucky. Here are the feds’ new guidelines for complying with the requirement.

IRS sets 2012 HSA limits

Hot off the press: The Internal Revenue Service just released the 2011 cost-of-living-adjusted HSA limits.