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Straight From The Source Blog by Higginbotham Insurance


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


FFCRA Partially Vacated, President Orders Payroll Tax Deferral

August 11 , 2020

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NY Federal Court Partially Vacates FFCRA Leave Regulations

In a case brought by the New York attorney general, a New York federal district court has vacated portions of regulations issued by the U.S. Department of Labor (DOL) under the Families First Coronavirus Response Act (FFCRA). 

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Tags: Compliance


DOL and IRS Issue Additional COVID Leave Guidance, FMLA Forms Updated

July 21 , 2020

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DOL Publishes Additional COVID Guidance; IRS Issues Guidance on FFCRA Leave and W-2 Reporting

The U.S. Department of Labor’s Wage and Hour Division (WHD) has published additional guidance to provide information to workers and employers about how the requirements and protections of the Fair Labor Standards Act (FLSA), the Family and Medical Leave Act (FMLA) and the Families First Coronavirus Response Act (FFCRA) impact the workplace as America continues to reopen. The new guidance provides plain-language questions and answers addressing critical issues under all three laws.

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Tags: Compliance


DOL Launches FFCRA Leave Tool, SCOTUS Rules on Sexual Orientation and Gender Identity Discrimination

June 29 , 2020

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DOL Launches Employee Tool for Assessing FFCRA Leave Eligibility

The U.S. Department of Labor (DOL) has created an online tool to help workers determine whether they qualify for paid sick leave or expanded family and medical leave under the Families First Coronavirus Response Act (FFCRA).

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Tags: Compliance


PCORI Fee Updated for 7/31 Deadline, New Rules for Direct Primary Care and HRAs

June 12 , 2020

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Tags: Compliance


Trump Signs Bill Amending Paycheck Protection Program

June 05 , 2020

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Tags: Compliance


IRS Issues Guidance on Mid-Year Cafeteria Plan Changes and Leftover FSA Funds

May 13 , 2020

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New COVID-19 Guidance for Section 125 Mid-year Election Change Rules

On May 12, 2020, the IRS released Notice 2020-29, which provides temporary flexibility for mid-year election changes under a Section 125 cafeteria plan during calendar year 2020. The changes are designed to allow employers to respond to changes in employee needs as a result of the COVID-19 pandemic. This guidance relates to mid-year elections for self-insured and fully insured employer-sponsored health coverage, health flexible spending arrangements (health FSAs) and dependent care assistance programs (DCAPs).

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Tags: Compliance


EEOC Delays EEO Data Collections Due to COVID-19

May 07 , 2020

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Tags: Compliance


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