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Cafeteria plans may, but aren’t required to, allow employees who experience a change in status (such as a change in marital status) to change or revoke their elections. The IRS has expanded the conditions under which cafeteria plans may allow employees to revoke their elections to participate in group health plans to account for individual coverage that’s available on the exchange, which may be a better deal for them.
Under final ACA regulations, open enrollment for the 2015 plan year begins Nov. 15, 2014, for small employers that buy group health plans through the federally run Small Business Health Options Program. State-based SHOPs can set their own open enrollment periods.
Holiday bonuses are a tradition at many companies. Employees usually receive their bonuses in December. But Payroll must begin planning for them now. Here’s what you need to know.
Now is the time to make decisions regarding information reporting, since the first returns are due in 2016.
How can you keep employees out on the road without busting the company’s travel budget? You can get more bang for your travel buck if you use the federal government’s per diem rates.
Here's a downloadable breakdown of health benefits and whether you must report them. The IRS has clarified that even if a benefit isn’t reportable, you may voluntarily do so.
This time of year isn’t just about the Halloween treats. You can avoid a witch’s brew of nasty year-end tricks by having a plan. Here’s some help to get you started.
Retirees can’t keep their 401(k) pretax contributions dammed up forever; eventually they must take taxable distributions. Two new sets of final regulations allow 401(k) plans to provide retirees with more options than just pulling out the cash.
A recent survey of small businesses revealed that only 12% of employees were satisfied with their benefits packages. HR will surely take up the challenge by offering all sorts of new and revised benefits. That means you’ll be playing peekaboo with perks that should be taxed as wages.
Because introverts and extroverts learn differently, customize your training strategy. A one-size-fits-all approach rarely works for everyone.