The New Federal Paid Leave Tax Credit
The new federal paid leave tax act created a credit for employers that provide paid family and medical leave to employees. This will be in effect at least until the end of 2019. The IRS and Treasury Department have not yet issued official guidance regarding the credit. Tax Credit Summary Employer Credit for Paid Family […]
DOL Rescinds Guidance on Independent Contractors
The U.S. Department of Labor rescinded the controversial Administrator Interpretations issued in 2015 and 2016. This was regarding its previous guidance on independent contractors and joint employers. The announcement reads: “The Department of Labor’s 2015 and 2016 informal guidance on joint employment and independent contractors were withdrawn effective June 7, 2017. Removal of the two administrator […]
IRS Releases 2018 HSA Limits
The 2018 HSA (health savings account) guidelines were recently released by the Internal Revenue Service (IRS). These guidelines outline the inflation-adjusted contribution, deductible, and out-of-pocket spending limits for Health Savings Accounts (HSAs) and high-deductible health plans (HDHPs) for calendar year 2018. 2018 HSA Overview Minimum deductible Compliant HSA plan examples: One plan for self-only and […]
