The Tax Cuts and Jobs Act (the “Act”) recently enacted by Congress will soon become effective. The primary focus of the new law is the reduction of corporate and individual income taxes. Nevertheless, a number of provisions of the Act affect employee benefit programs, which are summarized below. Except as otherwise noted, these employee be ... Read More
Category Archives: Benefits Administration
Last week, the IRS's Office of Chief Counsel released a Memorandum announcing that benefits paid under a fixed indemnity health benefit program that is either funded by the employer, or funded by employees through contributions made on a pre-tax basis, are included in the employee’s gross income as taxable wages. This would require the employer ... Read More
At a recent roundtable hosted by the U.S. Department of Labor, US Labor Secretary Thomas Perez spoke briefly, applauding national business leaders such as Nestle global CEO Paul Bulcke and executives from companies like Spotify and active sportswear retailer Patagonia Inc. for having paid leave policies in place for their employees.
But while th ... Read More
There is a common misconception, often repeated by so called "experts" in our field, that is preventing many federal contractors from maximizing cost effectiveness in the allocation of H&W dollars on SCA contracts. A recent article written by nationally recognized attorney, author and speaker Walter W. Miller explains how contractors ... Read More