On May 21, 2018, the Internal Revenue Service (IRS) issued Revenue Procedure 2018-34 to index the contribution percentages in 2019 for purposes of determining affordability of an employer’s plan under the Affordable Care Act (ACA). For plan years beginning in 2019, employer-sponsored coverage..
As healthcare costs continue to rise and demographics are rapidly changing, many employers are faced with difficult decisions when it comes to their employee benefit offerings. There have been a multitude of flashy trending workplace benefits that on paper seem exciting and attractive,..
On December 22, 2017, President Trump signed the Tax Cuts and Jobs Act (H.R. 1) (the “Bill”). The House and Senate Conference Committee provided a Policy Highlights of the major provisions of the Bill, and the Joint Committee on Taxation provided a lengthy explanation of the Bill.
On Dec. 20, 2017, the tax reform bill, called the Tax Cuts and Jobs Act, passed both the U.S. Senate and the U.S. House of Representatives. The bill is now expected to be signed into law by President Trump shortly.