The IRS just released the 2018 Cost-of-Living Adjustments (COLAs) for a variety of tax-related limits. The changes, as outlined in Revenue Procedure 2017-58, featured several notable adjustments employers should be aware of:
Employees will be able to contribute up to $2,650 to a health flexible spending account (FSA), a $50 increase from 2 ... Read More
Category Archives: Hour & Wage
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
The U.S. Department of Labor has released its annual memorandum noting a rate increase for Service Contract Act (SCA) Health and Welfare Fringe Benefits. The new rate is $4.27 per hour (up from $4.02 per hour last year) and is required in all government contract bids, or other service contracts awarded on or after June 30, 2015.
SCA benefit chan ... Read More
The November 5, 2014 deadline that had been previously set by Centers for Medicare and Medicaid Services (CMS) for most self-insured health plans to obtain a health plan identification number (HPID), has been delayed. On October 31, 2014 – just days before the deadline – CMS announced an indefinite delay in enforcement of regulations pertaining ... Read More