IRS to employers: Only medical expenses qualify for tax-advantaged accounts
April 25, 2024
Employers: If you sponsor a health FSA, HSA, HRA or MSA, be sure to heed the latest IRS warning about proper administration. Details here.
When businesses may want to take a contrary approach with income and deductions
April 24, 2024
Businesses: Do you expect federal income tax rates to go up, go down or stay the same in the future? If you think your rates could go up, here are some considerations.
6 major payroll taxes every employer should keep an eye on
April 22, 2024
Employers must never lose sight of their payroll tax responsibilities, whether federal, state or local. Here’s a quick review of the six major payroll taxes.
Don’t have a tax-favored retirement plan? Set one up now
April 19, 2024
If you’re a business owner without a retirement plan, establishing one is simpler than you may think. And there still may be time to set one up for LAST year, depending on your situation.
HIPAA and remote work: A refresher for employers
March 25, 2024
For many employers, remote work arrangements are now common. If your organization offers this flexibility and sponsors a health care plan, be sure you’re guarding against potential HIPAA violations.
Maximize the QBI deduction before it’s gone
March 21, 2024
The qualified business income (QBI) deduction is scheduled to disappear after 2025. Congress could extend it, but don’t count on it. Here’s what you need to know to make the most of it while you can.
