Does your organization offer employees an HDHP and an HSA? If so, two recent IRS information letters provide insight into some finer points of plan administration.
https://blog.fiducial.com/wp-content/uploads/2021/12/HDHPandHSAs_72284039edce748ce4dff2cb00690c1b_2000.jpg292560Fiducial North Americahttps://blog.fiducial.com/wp-content/uploads/2024/02/Fiducial-logo-horizontal-black-300x51.pngFiducial North America2021-12-10 14:00:352021-12-10 14:00:35IRS Information Letters Share Helpful Details on HDHPs + HSAs
https://blog.fiducial.com/wp-content/uploads/2021/12/FiducialBlogImage--Start-upExpenses_0440592363007e19209145cda0edb6dc_2000.jpg788940Kelly Cockerhamhttps://blog.fiducial.com/wp-content/uploads/2024/02/Fiducial-logo-horizontal-black-300x51.pngKelly Cockerham2021-12-08 14:00:352021-12-08 14:00:35Should You Deduct Your Business Start-Up Expenses?
You’ll need to decide whether to use a W-2 or a 1099-NEC to report each worker's wages. How you categorize the relationship between a worker and a business?
The IRS is reminding entities with EINs to update information. IRS regulations require EIN holders to update responsible party information within 60 days.
https://blog.fiducial.com/wp-content/uploads/2021/12/FiducialBlogImage-ChangeContactInfo.png788940Kelly Cockerhamhttps://blog.fiducial.com/wp-content/uploads/2024/02/Fiducial-logo-horizontal-black-300x51.pngKelly Cockerham2021-12-02 20:16:502021-12-02 20:16:52EINs: Change Contact and Responsible Party Information in 60 Days
Is your organization subject to the new OSHA rule requiring employee COVID-19 vaccination or submission of weekly testing? Fiducial has the key details here.
https://blog.fiducial.com/wp-content/uploads/2021/12/401k_b6048e3efeb4f5a305c05f25bfd4ae77_1600.jpg292560fiducialhttps://blog.fiducial.com/wp-content/uploads/2024/02/Fiducial-logo-horizontal-black-300x51.pngfiducial2021-12-01 21:46:002021-12-02 19:57:41Thinking about participating in your employer’s 401(k) plan? Here’s how it works
The EEOC has updated its guidance on whether employers are limited in how they can incentivize employees to get vaccinated against COVID-19. Fiducial has the details here.