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Straight From The Source Blog by Higginbotham Insurance


February HR News Worth Review

February 11 , 2021

 HR-News-Blog

Upcoming ACA Reporting Deadlines

Affordable Care Act (ACA) reporting for the 2020 calendar year is due in early 2021. Specifically, reporting entities must:

  • File returns with the IRS by March 1, 2021, since Feb. 28, 2021, is a Sunday (or March 31, 2021, if filing electronically); and
  • Furnish statements to individuals by March 2, 2021.
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Tags: Compliance


January HR News Worth Review

January 11 , 2021

 HR-News-Blog

DOL Issues Final Rule on FLSA Independent Contractor Status

On Jan. 6, 2021, the U.S. Department of Labor (DOL) issued a final rule that clarifies how to determine whether a worker is an employee who is protected under the Fair Labor Standards Act (FLSA) or an independent contractor who is exempt from it. The final rule becomes effective March 8, 2021.

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Tags: Compliance


Breakdown of FSA and Paid Sick Leave Changes in the Stimulus Package

December 30 , 2020

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On Dec. 27, 2020, President Trump signed the Consolidated Appropriations Act of 2021 into law. The Act provides temporary special rules for health and dependent care flexible spending accounts (FSAs) that give employees additional time to use these funds, as well as the option for employers to continue to provide paid sick leave (EPSL) and emergency FMLA leave (EFMLA) and receive tax credits for doing so.

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Tags: Compliance


The OSHA temporary work initiative: what employers need to know

December 29 , 2020

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Your employees are the lifeblood of your business. And you have a legal and moral duty to provide those employees with a safe workplace.

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Tags: Compliance


Congress Passes Stimulus and Spending Package – How it Affects Your Business and Employees

December 22 , 2020

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On Monday, Dec. 21, 2020, Congress passed an emergency stimulus package designed to deliver approximately $900 billion in COVID-19-related aid. The bill, which was part of a $1.4 trillion spending package that will keep the government open for the fiscal year, has been sent to President Donald Trump, and he is expected to sign it into law.

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Tags: Compliance


EEOC Issues FAQs on Mandatory Vaccinations

December 18 , 2020

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With a COVID-19 vaccine finally available in the U.S., the Equal Employment Opportunity Commission (EEOC) added nine new answers to frequently asked questions (FAQs) to its existing guidance on how employers should comply with the Americans with Disabilities Act (ADA) and other fair employment laws while also observing all applicable emergency workplace safety guidelines during the coronavirus (COVID-19) pandemic. The new FAQs address mandatory workplace vaccination programs and the restrictions that federal fair employment laws place on them. In general, employers may require employees to receive COVID-19 vaccinations as long as they provide reasonable accommodations for employees who refuse to take the vaccine for medical or religious reasons. 

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Tags: Compliance


December HR News Worth Review

December 04 , 2020

 HR-News-Blog

CDC Announces Shorter Quarantine Guidelines After a COVID-19 Exposure

During a recent media briefing, the Centers for Disease Control and Prevention (CDC) announced an update to quarantine guidelines, offering options for shorter quarantine periods.

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Tags: Compliance


November HR News Worth Review

November 06 , 2020

 HR-News-Blog

Employee Benefit Plan Limits for 2021

Many employee benefits are subject to annual dollar limits that are periodically updated for inflation by the IRS. The following commonly offered employee benefits are subject to these limits:

  • High deductible health plans (HDHPs) and health savings accounts (HSAs);
  • Health flexible spending accounts (FSAs);
  • 401(k) plans; and
  • Transportation fringe benefit plans.
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Tags: Compliance


Furnishing of ACA Forms Delayed, Proposed Changes to 1099 Independent Contractor Classification

October 13 , 2020

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IRS Provides Transition Relief for 2020 ACA Reporting

On Oct. 2, 2020, the Internal Revenue Service (IRS) issued Notice 2020-76 to:

  • Extend the due date for furnishing forms under Sections 6055 and 6056 for 2020 from Feb. 1, 2021, to March 2, 2021;
  • Provide a final extension of good-faith transition relief from penalties related to 2020 information reporting under Sections 6055 and 6056; and
  • Provide additional penalty relief related to furnishing 2020 forms to individuals under Section 6055. Under this relief, employers will only have to provide Form 1095-B to covered individuals upon request.
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Tags: Compliance


Guidance on Payroll Tax Deferrals, FFCRA and Schools, Creditable Coverage Notices and 2021 Open Enrollment

September 04 , 2020

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IRS Issues Guidance on Payroll Tax Deferment

On Aug. 8, 2020, President Donald Trump ordered the U.S. Department of Treasury (the Department) to defer collecting certain payroll taxes from wages earned between Sept. 1 and Dec. 31, 2020.

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Tags: Compliance


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