Human Resources News & Insights

What the heck is a Letter 226J? IRS’s new ACA enforcement comes at a terrible time

HR pros can be forgiven if they’re a bit skeptical about the IRS’ warnings to collect ACA employer mandate penalties. After all, they’ve been saying this for years without actually following through. But with the latest warning, the agency also included some proof that this time it’s for real.

IRS increases FSA limits, other benefits for 2018

The IRS just released the 2018 Cost-of-Living Adjustments (COLAs) for a variety of tax-related limits, like the popular flexible spending accounts (FSAs). Here’s what employers need to know about the new COLA limits: 

IRS issues strong warnings about ACA compliance: Should HR be worried?

Despite lots of warnings, the IRS has yet to impose any non-compliance penalties on employers during the two years the ACA reporting provisions have been mandatory. And with all of the efforts to kill or water down Obamacare, many employers are wondering if they should even make ACA compliance a priority at all.

Changes for 2018 HSAs, high-deductibles: What IRS increased

If you’d like to get a jump on next year’s planning, the IRS just released the 2018 HSA contribution limits and HDHP required deductibles and out-of-pocket limits. 

Does new IRS action spell doom for ACA employer mandate?

Employers who could be subject to the Affordable Care Act’s (ACA) employer mandate penalties should be very interested in the latest move by the IRS. 

Protect employees from identity theft and refund fraud this tax season

Now that Tax Season 2017 is upon us, it is time for HR departments to remain vigilant against the pervasive threat of identity theft and refund fraud arising from the distribution of personal tax information, say guest posters Ken Dort and Reeva Thakrar, both attorneys for the firm of  Drinker Biddle & Reath. ____________________________________________________________________________

Trump issues ACA executive order: The fallout for employers

One of President Donald Trump’s first orders of business when he took office was issuing an executive order on the Affordable Care Act (ACA). Since then, much has been written about the order’s potential effect on the individual marketplace. Now, it’s time to address how it could impact employer plans. 

Feds pump out even more Obamacare instructions

If you believe Republicans on Capitol Hill, the Affordable Care Act (ACA) isn’t long for this world. Still, the Obama administration continues to clarify how businesses are supposed to comply with the law’s many provisions. 

DOL and IRS want a closer look at your retirement plan

Two of the most-feared government agencies for employers — the DOL and IRS — have decided there’s a real problem with the way retirement plans are being run, and they’re ramping up their audits to find out why that is.

Good news: Some employers get to start using stand-alone HRAs again

Employers may soon be able to use a key money-saving strategy that was recently taken away from them by the Affordable Care Act (ACA).