Earlier this year, the Internal Revenue Service (IRS) unveiled a draft of a proposed new Form W-4, Employee’s Withholding Allowance Certificate, that will make accurate withholding easier for employees starting in 2020. Undergoing additional changes in August, the IRS recently released the second draft of the form which will likely be its final transformation before being released later this fall.
Category: "Human Resources"
A newly issued regulation could change how employers pay for employee health care coverage. On June 13, 2019, the Department of Health and Human Services, the Internal Revenue Service, the Department of Treasury and the Department of Labor issued a new final rule intended to expand the options for health reimbursement accounts (HRAs) for which […]
Changes to the Family and Medical Leave Act (FMLA) are on the horizon. Recently, the Department of Labor (DOL) announced it has plans to modify the regulation in an effort to “better protect and suit the needs of workers” and “reduce administrative and compliance burdens on employers” as part of the 2019 Spring regulatory agenda. […]
For companies that provide benefit plans to over 100 eligible employees, spring usually means annual audit season is just around the corner. Undergoing a benefit plan audit can be a stressful time for any plan administrator — especially if you’re scrambling to compile the required documentation and meet deadlines. The best strategy for having a […]
As the first federal tax returns for 2018 are starting to be filed by the early birds, many are unpleasantly surprised by their lack of refund this year. Why the surprise? Most people didn’t notice their paycheck in 2018 grew slightly based on the reduced withholding requirements set forth by the Tax Cuts and Jobs […]
Today’s workplace moves at a much faster pace. To help your new hires hit the ground running on day one and keep track of their evolution as an employee, you need to have the right tools in place from the start. That means having a proper onboarding process and system ready to go to capture […]