For many businesses, technology has changed from something they use to something they do. When a company reaches a point where IT plays a central role in operations and productivity, ownership might want to create one or more leadership positions to … [Read more...]
Outsourcing could relieve pressure in a tight labor market
If you’ve been to a restaurant lately, you might have noticed that the establishment was short-staffed. The current labor shortage is most visible in the food and beverage industry but, as you may be keenly aware, it’s affecting employers of all … [Read more...]
New COVID-19 relief law extends employee retention credit
Many businesses have retained employees during the COVID-19 pandemic and enjoyed tax relief with the help of the employee retention credit (ERC). The recent signing of the American Rescue Plan Act (ARPA) brings good news: the ERC has been extended … [Read more...]
IRS issues final regs on ICHRAs
In mid-January, the IRS issued final regulations that clarify the application of employer shared responsibility provisions under the Affordable Care Act (ACA), as well as nondiscrimination rules, to Health Reimbursement Arrangements (HRAs).The regs … [Read more...]
2020 – 11/19 – 2020 has been a banner year for startups. Go figure.
2021 COLAs for popular fringe benefits
The IRS recently released 2021 cost-of-living adjustments (COLAs) for a wide variety of tax-related limits, including those related to many popular fringe benefits. Here are some highlights to be aware of:Health Flexible Spending Accounts (FSAs). For … [Read more...]