On February 18, 2021, the IRS announced Notice 2021-15. The notice allows health FSAs and dependent care assistance programs to have additional discretion in 2021...
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Benefit Trends to Watch in 2021
Even though the year 2020 has come and gone, it continues to teach us new ways of approaching the Human Resource function. The lessons we...
CAA Allows Temporary Changes in Flexible Spending Accounts
The Consolidated Appropriations Act (CAA), signed into law December 27, 2020, allows several temporary changes to Flexible Spending Accounts (FSAs) in response to the COVID-19...
Unemployment Insurance Fraud on the Rise
Members have been reaching out to Employers Council with questions about unemployment insurance (UI) claims that appear fraudulent. The red flag is when claims are...
ACA Reporting and the Pandemic: Layoffs, Furloughs, and New Codes—Oh, My!!
As the end of the year approaches, I'm reminded of one of my holiday tradition movies—the Wizard of Oz. This year, just like Dorothy on...
Colorado Paid Medical and Family Leave to Start in 2023
Proposition 118 passed last week. It sets up a system of 12 weeks of paid family and medical leave (PFML) funded through a payroll tax...
IRS Announces 2021 Retirement Contribution Limits
Last week, the IRS issued Notice 2020-79, defining 2021 contribution limits for pension plans and other retirement-related items. Some key items for 2021: Deferrals for...
IRS Releases Final 2020 Forms 1094/1095 and Instructions
The IRS recently issued the final versions of the 2020 Forms 1094-B, 1095-B, 1094-C, and 1095-C, including the related instructions (B Form Instructions and C...
Filing Deadline for Forms 1095-B and 1095-C Extended; IRS Issues Request for Comments for Continued Need of Extension
The Treasury Department and the IRS have issued Notice 2020-76 that extends the due date for furnishing the 2020 Forms 1095-B and 1095-C to individuals,...
Too Much Paid Time off: Is It Time to Rethink Your Paid Time off Program?
It is a question organizations are pondering as financial liabilities grow because employees are not utilizing their bank of paid time off. According to a...