Alerts

Stay on top of new and changing laws and regulations impacting your business with updates from our team of regulatory experts. Our alerts help you stay aware and make sense of federal, state, and regional compliance, from employer taxes and social security to Equal Employment Opportunity (EEO) and paid leave.

Multnomah County Imposes a New Local Tax

Multnomah County, Oregon voters approved Measure 26-214 to impose 1.5% and up to 3% tax to fund the tuition-free preschool program - tax alert

Social Security to send Employer Correction Request Notices

The Social Security Administration began sending notices to employers to request corrections for employees whose name and Social Security Number did not match

California SB 973 – Agency Update

California Legislature passed SB 973 requiring employers to file an annual compensation data report by March 31 of each year - Compliance alert.

COVID Relief for Van Pools

A new IRS FAQ addresses relief available for qualified transportation fringe benefit plans unable to meet code requirements due to COVID-19. Compliance Alert

New PCORI Fee Released

The PCORI fee was adjusted and extended for an additional 10 years and will now expire the plan year ending after September 30, 2029. Compliance Alert

Colorado Secure Savings Program Passed

Colorado establishes statewide retirement program for employees who do not have access to a retirement program at work. Compliance alert

Rhode Island Employer Health Coverage Reporting

Rhode Island, requires all residents of the state to be enrolled in qualifying health coverage and maintain minimum essential coverage (MEC). Compliance Alert

IRS Confirms Options for Unused Commuter Transit Benefits

A new IRS letter responds to questions about what happens tp unused funds in participant’s transit and parking benefit accounts - complaince alert

IRS Issues PPP Guidance

New IRS guidance creates a safe harbor for PPP loan participants whose loan forgiveness has been partially or fully denied - compliance alert

Group Health Plan Transparency Rules Published

Most group health plans and insurers will be required to make certain cost-sharing disclosures available to participants and public for plans

Colorado Equal Pay Transparency Rules

New rule requires employers post compensation and benefit information for all positions in Colorado on job postings. Compliance Alert

California Expands Privacy Law

California voters passed Proposition 24, which makes significant changes, adds new provisions to the CCPA and expands privacy laws. - compliance alert

FUTA Credit Reduction States Released for 2020

Virgin Islands employers will pay their FUTA taxes at a higher federal unemployment tax rate than employers in other US states and American territories.

Colorado Paid Family and Medical Leave

The new law requires employers provide 12 weeks of leave for Colorado employees, plus an additional four weeks in case of medical complications - compliance

Unused Dependent Care FSA Funds

IRS released Information Letter confirming that unused Dependent Care FSA funds cannot be refunded to the participant

IRS Issues Guidance on W2 Reporting for Employee SS Tax Deferrals

IRS Counsel Issued Guidance Clarifying Certain Provisions to Employers on how to Report Social Security Tax Amounts Deferred by Employees

2021 Health FSA and Other Limits Announced

The limits for Health FSA, qualified transportation, and parking will not change from 2020 limits. However, the max annual reimbursement is increasing slightly.

Compliance Alert – 2021 Retirement Plan Limits Announced

Read more about the dollar limitations for qualified retirement and certain non-qualified plans that become effective January 1, 2021.

Final 2020 ACA Forms & Instructions Released

Learn about the final Form 1094-C, Form 1095-C and related Instructions for the 2020 tax year that the IRS published on October 16, 2020.

Simplified PPP Loan Forgiveness Announced

On October 8, 2020, the Treasury and SBA released the new Form 3508S, related instructions, supporting the interim final rule and updated loan forgiveness FAQs.