Deadline for providing written notice of HRAs temporarily lifted
Employers offering Health Reimbursement Arrangements to their employees currently do not have to give employees written notice 90 days before the beginning of the year when the HRA will be provided. The IRS recently suspended the small employer deadline to provide HRA notice to their employees until further notice. Providing qualified small employers – those […]
Go the extra mile: Two options for reimbursing employees for business use of autos
While it would be nice to be able to provide your employees with a company car, this isn’t always a possibility. Many business owners have employees whose job requires them to drive as a part of their daily duties. One option you have as a business owner is to reimburse your employees for their business […]
A healthy consideration
A popular incentive for business owners is to provide their employees health club or gym memberships. It is important to note, however, that employers who pay for a fitness program offsite for employees must include that cost as a fringe benefit in the employees’ compensation and report it on their W-2s. Once the membership fees […]
Classified: Employees or independent contractor?
The number of employees a company has and the number of hours worked now take on more significance for business owners since federal healthcare coverage requirements are based on those variables. As a result, some employers are tempted to try to classify workers as independent contractors rather than employees. The Department of Labor and the […]