The American Rescue Plan Act of 2021 (ARPA), signed into law on March 11, 2021, permits employers to increase the annual limit on contributions to Dependent Care Flexible Spending Accounts.
The new Dependent Care FSA annual limit for 20...
The COVID-19 pandemic has many businesses operating differently – workforces are now positioned remotely whenever possible and some employers are doing more with less either to comply or out of necessity. “Bricks and mortar” facilities a...
It’s time to sharpen your pencils (again)!The Department of Labor (DOL) has finalized an increase to the salary threshold for overtime eligibility from $23,660 per year to $35,568. This increase is slightly higher than the $35,308 threshold prop...
The IRS announced an increase to the maximum HSA contribution limits for the 2020 calendar year in Revenue Procedure 2019-25.The individual contribution limit has been raised from $3,500 to $3,550. The family contribution limit has been raised from ...
The number of instances whereby our clients are receiving notices for alleged non-compliance with the ACA’s Employer Shared Responsibility (ESR or “pay or play”) mandate is on the rise. The most common notice being received is IRS Letter 226-J...
It may be time to sharpen your pencils (again)!
The Department of Labor (DOL) has proposed an increase to the salary threshold for overtime eligibility from $23,660 per year to $35,308 per year. In turn, the proposal would expand overtime eligi...
