2016 Changes to Tax Benefits and Retirement Plan Limits
The IRS has announced several inflation adjustments that affect tax-related items for employers and employees. Items that may be of particular interest for tax year 2016 include: Limit on Health Flexible Spending Arrangement (FSA) Contributions. The...
Read MoreCompliance Update: IRS Reverses Course on HRA Reporting
The IRS released updated instructions for the 2015 ACA reporting forms today and reversed its earlier guidance regarding reporting for HRAs. Per the instructions, an employer with an insured major medical plan and HRA coverage...
Read MoreIs the “Cadillac Tax” Headed to the Junk Yard?
The so-called “Cadillac Tax” is a hot topic of discussion in the employee benefits world – – will the controversial tax stick around or is it headed to the Junk Yard? It may be too...
Read MoreIRS Releases Draft 2015 Instructions for ACA Reporting Forms
The IRS has released draft 2015 instructions for the B-Series and C-Series reporting forms (Forms 1094-B, 1095-B, 1094-C and 1095-C) that will be used by employers and coverage providers to report certain information to full-time...
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