Employer | Cg Tax, Audit & Advisory

09 Dec

What is “Transparency” of Healthcare Coverage?

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December 8, 2020

Many employers, particularly large companies, pride themselves on being transparent about how and with whom they do business. The term “transparency,” however, isn’t limited to this widely discussed and debated topic. It also applies...

03 Dec

Coronavirus Tax Filing & Payment, Employer

IRS Releases Final Instructions for Payroll Tax Form Related to COVID-19 Relief

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December 1, 2020

In response to the COVID-19 pandemic, the federal government enacted legislation that includes deferral of the employer’s portion of Social Security tax. The IRS then significantly revised Form 941-X, “Adjusted Employer’s Quarterly Federal Tax...

25 Nov

Employer

2021 COLAs for Popular Fringe Benefits

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November 23, 2020

The IRS recently released 2021 cost-of-living adjustments (COLAs) for a wide variety of tax-related limits, including those related to many popular fringe benefits. Here are some highlights to be aware of: Health Flexible Spending Accounts...

23 Nov

Coronavirus Healthcare, Employer

Agencies Issue Final Regulations Addressing a COVID-19 Vaccine and More

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November 20, 2020

The IRS, U.S. Department of Labor, and Department of Health and Human Services recently issued interim final regulations addressing group health plan coverage of COVID-19 preventive services — including vaccinations — and testing. The...

10 Nov

Employer

2021 Dollar Limits and Thresholds for 401(k)s and Similar Plans

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November 9, 2020

The IRS recently announced the 2021 dollar limits and thresholds for retirement plans, reflecting the latest cost-of-living adjustments. Here are some relevant amounts for 401(k)s and similar plans: Annual contributions: the limit on annual...

05 Nov

Employer

Using an Employee Survey to Assess the Pandemic’s Impact

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November 3, 2020

In the pre-pandemic world, employee surveys were helpful tools in evaluating engagement and gathering input. Now, as employers continue to soldier on through the COVID-19 crisis, conducting a survey could be a mission critical...

12 Oct

Coronavirus Tax Filing & Payment, Employer, Helpful COVID-19 Links

Can Employers Provide Disaster Relief for COVID-19?

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October 12, 2020

Many employees have suffered financial hardships because of the COVID-19 pandemic. In response, some employers may consider offering financial assistance as a fringe benefit. A common question that arises regarding such an idea is:...

07 Oct

Coronavirus Healthcare, Employer

Extended Benefit Claims and Appeals Periods During COVID-19

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October 6, 2020

In response to the COVID-19 pandemic, federal agencies have extended certain claims and appeals periods for employee pension benefits plans subject to the Employee Retirement Income Security Act (ERISA). The relief also applies to...

28 Sep

Employer, Families First Coronavirus Response Act

DOL Revises Rules on Paid Sick and Family Leave Related to COVID-19

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September 28, 2020

In August, a federal trial court invalidated several provisions of the U.S. Department of Labor’s (DOL’s) temporary regulations that implemented the paid leave provisions of the Families First Coronavirus Response Act (FFCRA). By way...

22 Sep

Coronavirus Healthcare, Employer

COVID-19 Testing, Diagnostics Not Minimum Essential Coverage

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September 22, 2020

In Notice 2020-66, the IRS recently determined that Medicaid coverage limited to COVID-19 testing and diagnostic services isn’t minimum essential coverage under a government-sponsored program. Thus, an individual’s eligibility for this coverage for one...

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