IRS Announces PCORI Fee Increase
Date: June 15, 2020
Topic: Benefits News, Health Care Reform
The Internal Revenue Service (IRS) issued a notice last week announcing an increase in the dollar amount used to determine the Patient-Centered Outcomes Research Institute (PCORI) fee for the upcoming plan year. The applicable dollar amount to be ...
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Newsflash! IRS Announces Increase To HSA Contribution Limits
Date: May 26, 2020
Topic: Benefits News
The IRS announced an increase to the maximum HSA contribution limits for the 2021 calendar year in Revenue Procedure 2020-32. The individual contribution limit has been raised from $3,550 to $3,600. The family contribution limi...
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COVID-19 Update: EEOC Not Collecting Employer EEO-1 Data for 2020
Date: May 14, 2020
Topic: Benefits News
The Equal Employment Opportunity Commission (EEOC) announced on May 7th that it will delay collection of EEO-1 Component 1 information—which asks for the number of employees who work for a covered business sorted by job category, race, ethnicity...
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From Life Events to COBRA, the New COVID-19-related Outbreak Period Relief is a Game Changer
Date: May 4, 2020
Topic: Benefits News
On April 29, 2020, the Departments of Labor and Treasury issued a notice that extends certain time frames affecting participants’ rights and plan obligations as they relate to various plan requirements. The extensions of time periods canno...
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FSA/HSA/HRA Eligibility List Expansion
Date: March 29, 2020
Topic:
On March 27, the CARES Act was signed into law. This legislation provides disaster relief to employers and employees in an effort to minimize the economic impacts of the COVID-19 pandemic. The bill also introduces some important tax-advantaged pro...
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We Share Your World Now More Than Ever
Date: March 20, 2020
Topic: Company News
This week, Alan Whitman, Chief Executive Officer of Baker Tilly, issued a video message to our clients. If you did not receive it or have not had a chance to view it, I suggest you take an opportunity to do so when you find your next free mi...
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The Families First Coronavirus Response Act: A First Look At What It Means For Employers
Date: March 19, 2020
Topic: Benefit News, HR Consulting
Yesterday, the United States government took a significant next step in its fight against the continuing coronavirus pandemic. The Families First Coronavirus Response Act, signed into law on Wednesday, March 18, 2020, aims to slow the progre...
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Tracking Emerging State Level Filings; Next Up: New Jersey, D.C.
Date: March 3, 2020
Topic: Health Care Reform
As we approached the March 2, 2020 Form 1095-C issuance deadline, Baker Tilly Vantagen was proud to be able to report that all forms for contracted clients were released in compliance with the 2019 tax year’s extended issuance deadline. Wi...
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Prepare to Use the Newly Issued I-9 Form
Date: February 24, 2020
Topic: Benefits Administration, Benefits News
A new version of the I-9 employment eligibility verification form has been issued and will become the mandatory standard on May 1, 2020. Through April 30, employers may choose to use the previous edition dated July 17, 2017, but our recommendation...
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IRS Extends 1095-C Issuance Deadline, Offers New “Relief”
Date: December 3, 2019
Topic: Benefits News, Health Care Reform
On December 2, 2019, the Internal Revenue Service (IRS) extended the deadline to provide copies of Form 1095-C for 2019 to full-time employees. The extension pushes the issuance deadline back 30 days to March 2, 2020. The original issu...
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IRS Announces NEW FSA Maximums for 2020
Date: November 7, 2019
Topic: Benefits Administration, Benefits News
The IRS released the 2020 annual inflation adjustments. Effective January 1, 2020, the new annual Health Care FSA maximum contribution will increase to $2,750. The new monthly maximum contributions for Qualified Transportation plans will be ...
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People Solutions Require People Analytics: The Importance of Data-Driven HR Practices
Date: October 23, 2019
Topic: HR Consulting
At a time when robust data aggregation technology is not only available but also affordable, HR departments are not taking full advantage of the value these systems provide. In 2018, a survey by AIHR Analytics found that HR metrics and analy...
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