The Employee Benefits Security Administration and the Internal Revenue Service have provided relief to certain plan participants, which plan sponsors and administrators will be required to implement. Essentially, the plan...more
The landscape for employers has been changing quickly in the wake of COVID-19. Many employers are adapting to new ways of working and looking for ways to support employees with living and working through the COVID-19...more
Finding and Fixing Your Own Noncompliance -
During the 2016 Legislative Session, the N.C. Assisted Living Association (NCALA) was instrumental in bringing about passage of House Bill 667 which modified existing law on...more
6/19/2018
/ Assisted Living Facilities (ALFs) ,
Employer Liability Issues ,
Family and Medical Leave Act (FMLA) ,
Fringe Benefits ,
Internal Revenue Code (IRC) ,
IRS ,
Long Term Care Facilities ,
Long-Term Care ,
Nonprofits ,
Tax Credits ,
Tax Cuts and Jobs Act ,
UBTI
On February 9, 2018, Congress passed the amended Bipartisan Budget Act of 2018. This Act contained provisions impacting retirement plans. Sponsors should decide whether to adjust their plan documents and policies in response...more
We can provide valuable, preventive advice that enhances your bottom line in a wide range of situations.
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The IRS has proposed new rules that will require tax-exempt hospitals (and other tax-exempt entities) to review a variety of compensation arrangements to avoid unintended tax consequences. This article will provide a brief...more
We're back with the second installment in our series on the IRS's Section 457 proposed rules. The first alert covered Section 457(f) basics and discussed the meaning of "deferred" compensation....more
Special rules apply to compensation arrangements of tax-exempt entities. If the arrangement does not comply with the rules, then the amount of compensation subject to the arrangement is taxed to the employee as soon as it is...more
Although the employer mandate has been delayed to 2015, employers shouldn’t relax too much because significant planning still needs to be done now. Beginning in 2015 large employers either must offer full-time employees...more
8/14/2013
/ Affordable Care Act ,
Deadlines ,
Delays ,
Employee Benefits ,
Employer Mandates ,
Healthcare ,
IRS ,
New Legislation ,
Pay or Play ,
Shared Responsibility Rule ,
U.S. Treasury
Properly maintaining and administering a retirement plan is a difficult task for most employers. Despite even extreme vigilance, things often go wrong. The list of potential plan errors is endless, and plan sponsors face very...more