SPENDING RESOLUTION AFFECTS ACA TAXES

OVERVIEW On Jan. 22, 2018, President Donald Trump signed into law a short-term continuing spending resolution to end the government shutdown and continue funding through Feb. 8, 2018. The continuing resolution impacts three taxes and fees under the Affordable Care Act (ACA). Specifically, the continuing resolution: Delays implementation of the Cadillac tax on high-cost group … Continue reading SPENDING RESOLUTION AFFECTS ACA TAXES

New Employer Tax Credit for Paid Family and Medical Leave

OVERVIEW The Tax Cuts and Jobs Act (Act), which was signed into law on Dec. 22, 2017, creates a new business tax credit for eligible employers that provide paid family and medical leave to their employees. The tax credit, which applies to taxable years beginning in 2018 and 2019, is equal to a percentage of … Continue reading New Employer Tax Credit for Paid Family and Medical Leave

IRS Issues New Tables for 2018 Tax Withholding

OVERVIEW Starting Feb. 15, 2018, employers must use new tables to determine how much income tax to withhold from their employees’ paychecks. The Internal Revenue Service (IRS) issued the required new tables, in Notice 1036, on Jan. 9, 2018. The notice contains early release copies of the “Percentage Method Tables for Income Tax Withholding” that … Continue reading IRS Issues New Tables for 2018 Tax Withholding

PRESIDENT SIGNS EXECUTIVE ORDER DESIGNED TO CHANGE ACA RULES

OVERVIEW On Oct. 12, 2017, President Donald Trump signed an executive order intended to change certain rules under the Affordable Care Act (ACA). The order would relax regulations on association health plans. This change could allow individuals and small businesses to purchase health insurance policies across state lines and avoid certain ACA requirements. The executive … Continue reading PRESIDENT SIGNS EXECUTIVE ORDER DESIGNED TO CHANGE ACA RULES

DOL Announces New Standard for Unpaid Interns

OVERVIEW On Jan. 5, 2018, the U.S. Department of Labor (DOL) announced that it would adopt a new standard for determining whether interns and students are “employees” who must be paid under the Fair Labor Standards Act (FLSA). The DOL clarified that, going forward, it would abandon its six-part test and instead adopt the “primary … Continue reading DOL Announces New Standard for Unpaid Interns

New Rules for Disability Claims Will Take Effect on April 1, 2018

OVERVIEW On Jan. 5, 2018, the Department of Labor (DOL) announced that, effective April 1, 2018, employee benefit plans must comply with new requirements for disability benefit claims. In 2016, the DOL released a final rule to strengthen the claims and appeals requirements for plans that provide disability benefits and are subject to the Employee … Continue reading New Rules for Disability Claims Will Take Effect on April 1, 2018

Critical Cyber Exploits Affect Nearly All Computers

Cyber security researchers recently announced the discovery of two major security flaws that could allow hackers to bypass regular security measures and obtain normally inaccessible data. The flaws, referred to as Meltdown and Spectre, are both caused by design flaws found in nearly all modern processors. These vulnerabilities can be exploited to access all of … Continue reading Critical Cyber Exploits Affect Nearly All Computers