Due to the COVID-19 pandemic, employers and unions that are subject to equal employment opportunity (EEO) reporting under Title VII of the Civil Right Act will not be required to file EEO surveys in 2020, the U.S. Equal Employment Opportunity Commission (EEOC)...
Employees like to hear that their benefit premiums will be coming out of their paycheck pre-tax! It lowers the tax liability on their salary and makes the total premium coming out feel like less than what was advertised. Employers win, too, as they save 7.65 percent...
On March 27, 2020, President Trump signed the Coronavirus Aid, Relief and Economic Security Act (CARES Act) into law to address the COVID-19 crisis. The CARES Act makes a variety of changes affecting retirement plans. These changes affect tax-qualified retirement...
On April 9, 2020, the IRS issued Notice 2020-23 to extend key tax deadlines for individuals and businesses in response to the ongoing COVID-19 pandemic. This new tax relief is provided under Section 7508A of the Internal Revenue Code (Code), which gives the IRS...
Coronavirus Upends the Economy It’s all anyone can talk about, no matter where they live: coronavirus disease 2019 (COVID-19). The disease, officially designated a pandemic by the World Health Organization, has swept across the globe over the past several months. Much...
In response to the American economy reeling from the Coronavirus (COVID-19) pandemic, the federal government recently signed into law the Coronavirus Aid, Relief and Economic Security (CARES) Act. Among other provisions, the Act provides businesses suffering under the...
The BenefitWorks remains available, and ready to assist our clients during this challenging time. We do hope you are staying well! As always, we will share updates on legislation, compliance, and helpful resources for you and your employees. Here is the latest: IRS...
There have been a lot of changes and buzzwords coming out of COVID-19 this past week. Here is what you need to know: Legal Update: Coronavirus Bill Requiring Paid Employee Leave Signed Into Law This law goes into effect in 15 days and does affect small employers. ...
As we all try to stay one step ahead of the Coronavirus (COVID 19), the BenefitWorks would like to provide some helpful resources for employers. Click on the links below to download more information: Coronavirus in the Workplace – Compliance Considerations for...
The United States Supreme Court denied motions to expedite consideration of Texas v. Azar, the lawsuit challenging the constitutionality of the Affordable Care Act’s (ACA) individual mandate. This decision follows a federal appeals court ruling that the individual...
