What You Need to Know About The Families First Coronavirus Response Act

The Families First Coronavirus Response Act includes a wide range of provisions, including some addressing insurance coverage and reimbursement of diagnostic testing costs and others expanding safeguards for economically disadvantaged individuals. It also includes two

Why You Should Consider a Roth 401(k) Plan

Roth 401(k) accounts have been around for 13 years now. Studies show that more employers are offering them each year. A recent study by the Plan Sponsor Council of America (PSCA) found that Roth 401(k)s

Properly Classifying Workers: Employee vs. Independent Contractor

To save money, your business may treat workers as independent contractors, rather than employees. Be aware that the IRS looks for businesses that improperly classify workers. It’s best to handle independent contractors so the relationships

Changes to the Tax Treatment of Fringe Benefits

The tax treatment of fringe benefits varies. Many types are tax-free to employees, but the TCJA has changed the tax treatment of some benefits. Here’s what small businesses need to know. Insurance Businesses can provide

Benefits of a SEP for Small Business Owners

Are you a high-income small-business owner who doesn’t currently have a tax-advantaged retirement plan set up for yourself? A Simplified Employee Pension (SEP) may be just what you need, and now may be a great

Avoid Penalties by Making Timely Deposits to Employee Benefit Plans

The rules and regulations revolving around employee benefit plans can be vague and confusing. One of these rules concerns timely deposit of employee elective deferrals. Not complying with this rule can have potentially severe consequences,

By |January 25th, 2017|Categories: Employee Benefit Plans|
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