The IRS recently released Revenue Procedure 2023-24 to announce the 2024 cost-of-living adjustments (COLAs) for various tax-related limits applicable to many popular employer-provided fringe benefits. Here are some highlights:Health Flexible Spending … [Read more...]
2023 – 11/30 – What do you know about donating real estate to charity?
Applicable large employers: Determine the “affordability” of your 2024 health coverage
Earlier this year, the IRS released Revenue Procedure 2023-29, in which it announced an important indexing adjustment to the Affordable Care Act (ACA).With year end here and a fresh 12 months of the calendar on the way, it’s an ideal time to … [Read more...]
Solving the riddles of succession planning for family businesses
Every established company will encounter challenges when confronting the thorny issue of succession planning. Family-owned businesses, however, often face particularly complex issues. After all, their owners may have to consider both family members … [Read more...]
Checking in on your organization’s compensation philosophy
Inflation may be a little less of a hot topic these days, but it’s still on the minds of many employers. One specific task that you and your team will need to look at is how to handle adjustments to your employees’ compensation based on inflation and … [Read more...]
Smaller companies: Explore pooled employer plans for retirement benefits
Most businesses today need to offer a solid benefits package. Failing to do so could mean falling behind in the competition to hire and retain talent in today’s tight job market.When it comes to retirement benefits, however, smaller companies may … [Read more...]
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