The Broker Innovation Lab celebrates brokers and other benefits stakeholders who have embraced the changing marketplace to position themselves and their business for future success
Although hiring independent contractors can reduce the paperwork, tax burden and hassles associated with bringing on employees, Christopher Ezold, a business attorney and tax partner with the Ezold Law Firm P.C., a Philadelphia-based employment and business boutique, warns that employers can expect contractor classification changes by the IRS in 2012.
Like 401(k) providers, 403(b) plans must also comply with the DOLs Employee Benefit Security Administrations fee disclosure rule, which is slated to take effect on April 1.
The Internal Revenue Service (IRS) has tried to boil the new tax Form W-2 health benefits cost reporting requirements down into terms that mortals without advanced accounting credentials can understand.
A payroll tax cut that has been in effect since 2011 will extend through the end of February. The Temporary Payroll Tax Cut Continuation Act of 2011 temporarily extends the two percentage point payroll tax cut for employees, reducing their Social Security tax withholding rate from 6.2 percent to 4.2...
The New Year is now just weeks away and with it will come the phone calls and emails from your clients asking about the new contribution limits for health savings accounts (HSA). This year, get out ahead of the inquirers and send a link to this article to your clients...