Category Archives: Uncategorized

Will the GDPR Affect Your U.S.-Based Business?

By | Uncategorized | No Comments
Coming in May 2018, the EU will institute its landmark data privacy legislation, the General Data Protection Regulation (GDPR) - a piece of legislation that seeks to protect the personal data of EU citizens by regulating how organizations collect, store and process that data. Unlike the Data Protection Directive adapted in 1995, which did no ... Read More

IRS Reduces 2018 HSA Contribution Limit

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On March 5, 2018, the IRS announced a reduction in the amount that an individual with family coverage under a high deductible health plan (“HDHP”) can contribute to a health savings account (“HSA”) for 2018. The lowering of the contribution limit, announced in Revenue Procedure 2018-18, is made to reflect statutory amendments included ... Read More

IRS Raises FSA Limits, Other Benefits for 2018

By | Fringe Benefit, Government Contractors, Healthcare and Welfare, Hour & Wage, IRS, Uncategorized, Wellness Incentive | No Comments
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

Guidance For Employer Shared Responsibility Payments Announced

By | ACA, Affordable Care Act, Compliance, Government Contact, Government Contractors, IRS, Play or Pay, PPACA, Uncategorized | No Comments
The IRS has announced new guidance regarding the Employer Shared Responsibility Payments (the "ESRPs"), which are the ACA penalties assessable to “Applicable Large Employers” for failing to provide affordable health care coverage to eligible full-time employees. Although the IRS began collecting information from employers (via the Form 1 ... Read More