U.S. Department of Labor Issues Final Overtime Rule Updating White Collar Exemptions
On July 13, 2020, the IRS released draft 2020 forms for ACA reporting under Code Section 6056. Related draft instructions have not yet been released. In addition, draft 2020 forms for reporting under Code Section 6055 have not been released at this time. This ACA Compliance Bulletin provides an overview of the draft changes that were made to the Forms 1094-C and 1095-C for 2020 reporting.
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Face Masks and Other PPE Treated as Deductible Medical Expenses
The Internal Revenue Service has issued Announcement 2021-7, clarifying that amounts paid for certain personal protective equipment (PPE)—such as masks, hand sanitizer and sanitizing wipes—used for the primary purpose of preventing the spread of coronavirus (COVID-19) are deductible medical expenses.
Benefits Buzz: April 2021
This month's Benefits Buzz discusses the American Rescue Plan Act (ARPA) and its employment-related provisions, including additional detail regarding the COBRA subsidy provisions.
4 Ways to Support Remote Employee Collaboration and Productivity
Working remotely doesn’t always come naturally to employees, especially among those who are used to the accountability of in-person workplaces. With this in mind, employers may need to step in to help facilitate productivity and attentiveness—particularly when working in person isn’t an option. This article provides four tips for supporting remote employee productivity while still enabling collaboration.
Congress Passes Extension of Paycheck Protection Program
Congress has passed the PPP Extension Act of 2021, a 60-day extension of the Payment Protection Program, which was set to expire on March 31. President Joe Biden signed the bill on March 30. This News Brief explains further.
HR Newsletter: 4/7/21
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.
DOL Issues Model Notices to Aid Employers in Their Compliance Obligations Under ARPA’s COBRA Subsidy Provision
One of the provisions in the American Rescue Plan Act of 2021 (ARPA) includes a 100% fully subsidized COBRA premium for certain individuals beginning on April 1, 2021 and ending on September 30, 2021 (subsidy period). Employers must timely notify individuals who become entitled to elect COBRA during the subsidy period of the subsidy’s availability and the option to enroll in different coverage (if permitted by the plan) by May 30, 2021. In addition, employers must notify individuals of their subsidy’s expiration between 45 and 15 days before the expiration date.
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