DOL Proposes to Expand Health Plan Options for Small Employers

Posted by Employer Flexible on February 4, 2018

On Jan. 5, 2018, the Department of Labor (DOL) published a proposed rule that would give small businesses and sole proprietors more freedom to join together as a single group to purchase health insurance in the large group market or to selfinsure. These benefit arrangements are called association health plans (AHPs).

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Topics: compliance

IRS Issues New Tables for 2018 Tax Withholding

Posted by Employer Flexible on February 4, 2018

Starting Feb. 15, 2018, employers must use new tables to determine how much income tax to withhold from their employees’ paychecks. The Internal Revenue Service (IRS) issued the required new tables, in Notice 1036, on Jan. 9, 2018. The notice contains early release copies of the “Percentage Method Tables for Income Tax Withholding” that will appear in IRS Publication 15 (Employer’s Tax Guide).

According to the IRS, Notice 1036 is the first in a series of steps that the agency will take to help employers improve the accuracy of their tax withholdings under changes made by a new tax reform law, the Tax Cuts and Jobs Act, enacted on Dec. 22, 2017.

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Topics: compliance

Employer Record Retention Requirements

Posted by Employer Flexible on August 14, 2017

Federal laws, such as the Federal Insurance Contributions Act (FICA), the Fair Labor Standards Act (FLSA) and the Equal Pay Act (EPA), impose recordkeeping duties on employers. These recordkeeping duties require employers to create and retain certain information related to their compliance with federal laws.

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Topics: compliance

Overtime Rule Blocked by Federal Court

Posted by Employer Flexible on August 14, 2017

On Nov. 22, 2016, a federal judge in Texas issued a preliminary injunction, halting the enforcement of the Department of Labor’s (DOL) new overtime rule until further notice. The rule, which was set to take effect on Dec. 1, 2016, would have increased the salary threshold for the “white collar overtime exemptions" to $47,476 per year. 

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Topics: compliance

10 EEOC Tips for Small Businesses

Posted by Employer Flexible on August 14, 2017

The Equal Employment Opportunity Commission (EEOC) is an independent federal agency created by Congress in 1964 to eradicate discrimination in employment. The Commission enforces various statutes that prohibit employment discrimination on the basis of race, color, sex, national origin, religion, retaliation, age, and disability or protected veteran status.

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Topics: compliance, Risk Management

Health Savings Account (HSA) Contribution Limits for Spouses

Posted by Employer Flexible on August 14, 2017

Federal tax law imposes strict limits on how much can be contributed to a health savings account (HSA) each year. The maximum contribution limit generally depends on whether an HSA-eligible individual has self-only or family coverage under a high deductible health plan (HDHP). Individuals who are age 55 or older by the end of the tax year are permitted to make an additional $1,000 HSA contribution, called a “catch-up contribution.” 

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Topics: compliance, Human Resources

Fair Labor Standards Act Reference Guide

Posted by Employer Flexible on August 14, 2017

The Fair Labor Standards Act (FLSA) establishes minimum wage, overtime pay, recordkeeping and child labor standards affecting full-time and part-time workers in the private sector and in federal, state and local governments.

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Topics: compliance

U.S. Department of Labor Proposes Changes to FLSA

Posted by Employer Flexible on August 10, 2017

On June 30, 2015, the U.S. Department of Labor (DOL) issued a proposed rule to modify the “white collar exemptions” provided by the Fair Labor Standards Act (FLSA). The white collar exemptions are minimum wage and overtime exception rules for executive, administrative, professional, outside sales and computer employees.

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Topics: compliance, HR