How to Manage a Cafeteria Plan

How to Manage a Cafeteria Plan

July 4th, 2018 12:51 pm

A cafeteria plan is a written employee benefits plan that meets the requirements of Section 125 of the Internal Revenue Code. Most commonly, cafeteria plans come in the form of premium-only plans and flexible spending arrangements. Cafeteria Plan Provisions With a premium-only plan, employees pay their premiums—such as for health, life, and disability insurance—with pretax dollars […]

An Overview of the Major Tax Changes for 2018

January 1st, 2018 10:09 am

The new tax law has dominated political discussion for months and will likely continue to do so well into 2018. Consequences, both intended and otherwise, are still unclear. But for now, these are the big changes for both individuals and companies. In general, the changes to individual provisions expire at the end of 2025, but […]

Big Changes in Social Security and Retirement Plans for 2018

November 8th, 2017 4:14 pm

From 401(k) plans – to individual retirement accounts – to Social Security, the federal government has been busy in recent weeks adjusting numbers for 2018. These changes may affect how you approach retirement in the coming months and years.   Social Security: New ceilings First, let’s start with what is not changing. The 7.65 percent […]

New I-9 Form Now Required

January 23rd, 2017 11:42 am

The new Form I-9, released November 14, must now be used. Since its release, employers have been able to use either the new form (with a revision date of 11/14/2016) or the old form (with a revision date of 03/08/2013). As of January 22, however, the old form is no longer allowed. A few important notes […]

Department of Labor’s Change to White Collar Exemptions

May 4th, 2016 9:24 am

In case you haven’t heard, there’s a game-changer in the works, and it will likely go into effect—meaning you’ll start to feel it—this year. We trust that you are already on alert, but just in case we are the messenger, here’s the down and dirty: the Department of Labor is planning to dramatically increase the […]