Benefits Newsletter: 12/8/21
With Employee Benefits & HR topics regularly in the news, it’s difficult to stay up to date. Our weekly newsletter will help you stay current. Check out this week's edition.
With Employee Benefits & HR topics regularly in the news, it’s difficult to stay up to date. Our weekly newsletter will help you stay current. Check out this week's edition.
At the close of each year, employers begin to turn their attention to the completion of Form W-2 reporting. To avoid the costly administration of issuing corrected forms – as well as the penalties associated with filing incorrect statements – employers should review any reporting liability they may have in relation to their health and welfare benefits. As always, employers should consult with a trusted tax advisor for more detailed guidance.
Many employee benefits (such as HSAs, health FSAs and transportation fringe benefit plans) are subject to annual dollar limits that are periodically updated for inflation. This Compliance Overview includes a chart of the inflation-adjusted limits for 2022.
Employers must comply with certain filing and disclosure requirements each year in connection with their group health plans. This Benefits Brief summarizes some of the key requirements and is designed to be used as a tool to help facilitate annual compliance.
With Employee Benefits & HR topics regularly in the news, it’s difficult to stay up to date. Our weekly newsletter will help you stay current. Check out this week's edition.
The IRS has released Revenue Procedure 2021-45, which includes cost-of-living adjustments for employee qualified transportation fringe benefits for the 2022 taxable year. This Legal Update contains the 2022 benefit limit amounts.