Advice

The Coronavirus Aid, Relief, and Economic Security Act, signed March 27, is best known for providing a $2 trillion stimulus jolt to a coronavirus-stunned economy. However, the CARES Act also contains two provisions intended to help employers keep from having to lay off employees.
Under the Affordable Care Act’s federal poverty line safe harbor, group health benefits are affordable during the 2020 plan year if employees don’t pay more than $103.99 per month.
The Further Consolidated Appropriations Act repeals the UBIT levied on tax-exempt employers for the cost of employees’ parking, retroactive to the enactment of the Tax Cuts and Jobs Act. So you may be due a refund for 2017 and 2018.
The Tax Cuts and Jobs Act may have suspended the personal exemption amount, and with that, withholding allowances, but to avoid confusion and nomenclature problems, a singular withholding allowance still exists, according to proposed regulations.
New guidance from the IRS states that employees must submit written requests to document their need for paid sick leave and paid family leave under the Families First Coronavirus Response Act.
The coronavirus, which rampaged through the economy like wildfire, has everyone focused on unemployment benefits. To secure the lowest contribution rate possible, you’re going to need to keep extraneous benefits charges off your state unemployment account. There are five strategies every manager can implement right now.

DOL sets 2020 penalties

February 19, 2020

The Department of Labor has announced the 2020 inflation adjustments to penalties for violations of the Fair Labor Standards Act, the Family and Medical Leave Act and ERISA.
The IRS is a prodigious publisher. Here are digests of three recently released legal memoranda.
If you front load employees’ vacation leave at the beginning of a year, and they take some time off but terminate their employment before they’ve earned the equivalent of their annual leave, you’ve technically advanced employees wages and now you’re owed a debt.
Dentists and the IRS have a lot in common. Both can use painful tools to compel compliance. But in a recent contest between the IRS and a dental practice, it was the dentist who got the drill and the IRS came out on top.