by Editorial Staff | Aug 5, 2021 | COBRA, Employee benefit plans, IRS
On July 26th, 2021, the Internal Revenue Service (IRS) issued updated COBRA coverage guidance relating to tax breaks. Accordingly, the American Rescue Plan Act of 2021 (ARP) provides tax credits involving COBRA continuation health coverage. Specifically, under Notice...
by Editorial Staff | Jul 20, 2021 | IRS, Retirement Plans
The IRS has released information on multiemployer pension plan financial assistance in conjunction with the Pension Benefit Guaranty Corporation (PBGC). Basically, the IRS and the PBGC announced an interim final rule implementing a Special Financial Assistance Program...
by Editorial Staff | Jul 7, 2021 | IRS, Wage & Hour
The Internal Revenue Service (IRS) recently updated its nonqualified plans audit guide. Accordingly, the IRS announced the “Nonqualified Deferred Compensation Audit Techniques Guide” (2021 Guide) on July 1st, 2021. Previously, a version dated June 2015 was the guide...
by Editorial Staff | Jul 7, 2021 | IRS, Small Business Administration
On July 1st, 2021, the Small Business Administration announced an extended application date for its new small business grant program. Specifically known as the Community Navigator Pilot Program, the 2021 American Rescue Plan Act established the $100 million funding...
by Editorial Staff | May 25, 2021 | COBRA, IRS
On May 18th, 2021, the Internal Revenue Service (IRS) issued COBRA continuation health coverage guidance relating to tax breaks. Accordingly, the American Rescue Plan Act of 2021 (ARP) provides tax credits involving continuation health coverage. Specifically, under...
by Editorial Staff | May 10, 2021 | IRS, social security
Recently, the Social Security Administration (SSA) has announced it will stop the practice of sending employer No-Match letters. No-Match letters are notifications informing employers that an individual employee’s W-2 form does not match SSA’s records. Accordingly,...
