IRS Guidance on ERC for Last Half of 2021
The IRS announced it has issued Notice 2021-49 to clarify the rules of the employee retention credit (ERC) as extended … Read More >
IRS Guidance on Expanded EPSL and EFML Tax Credits
The American Rescue Plan Act (ARPA) extended the FFCRA's EPSL/EFML tax credits for employers who voluntarily provide paid leaves for … Read More >
Reminder – PCOR Fee Due July 2021
Each July, employers that had a self-funded medical plan or a health reimbursement arrangement (HRA) with a plan year ending … Read More >
IRS Relief on Employment Tax Deposits Reduced for CAA and ARPA Credits
In IRS Notice 2021-24, the Treasury Department and IRS have announced relief for employers that reduce their payroll tax deposits … Read More >
IRS Relaxes Taxation of Daycare FSA Enhancements
The American Rescue Plan Act increased the calendar year 2021 income exclusion limit for daycare FSA reimbursements from the usual … Read More >
HSA Indexing for 2022
Today the IRS released 2022 indexing for health savings accounts (HSAs) and excepted benefit health reimbursement arrangements (EBHRAs). The HSA … Read More >
IRS Extends Tax Filing and HSA Contribution Deadline
With the usual April 15 tax filing deadline near, the IRS has announced via Notice 2021-21 that the Form 1040 … Read More >
IRS Allows PPE to be Reimbursable Medical Expenses
In some rather odd timing, the IRS has just announced that purchases of personal protective equipment (PPE) can be treated … Read More >
IRS Notice 2021-20 Clarifies Retroactive Employee Retention Credit Changes for 2020
On Monday, March 1, 2021, the IRS announced publication of IRS Notice 2021-20 to clarify retroactive rules governing the Employee … Read More >
IRS Clarifies FSA Options and Offers Additional Flexibilities
The Taxpayer Certainty and Disaster Tax Relief Act of 2020, recently enacted as Division EE of the Consolidated Appropriations Act, … Read More >