Practical HR Tips, News & Advice. Updated Daily.
Employers with fleets of vehicles can now determine the value of making them available for use in 2012, thanks to the IRS, which on Jan. 17 released the maximum vehicle values for use with the special valuation rules for employer-provided cars, trucks and vans in 2012. Revenue Procedure (Rev. Proc.) 2012-13, provides the new maximum […]
Sexual harassment charges had been declining somewhat, but the recent publicity will reverse that trend, says Schickman, who is a partner at Freeland Cooper & Foreman LLP in San Francisco. His remarks came at BLR’s Advanced Employment Issues Symposium in Las Vegas. Schickman is a member of the Employers Counsel Network, and edits the BLR/HRhero […]
Yesterday, Jim Brown of Sedgwick, LLP, ran down 5 tips to help you properly coordinate workers’ comp leaves. Today, the rest of the top 10—plus a California leaves resource that’s been fully updated for 2012.
With Jennifer McCormack, Esq. Lots of different kinds of coverage will not have to report their expenses next tax year (the 2012 tax year), and lots of employers won’t have to either. Are you one of them? Beginning calendar year 2012, employers must report on Forms W-2 (which employers will give employees in January 2013) […]
Confused about what exactly a “leased employee” is? Turns out a lot of people the IRS contacted were, too. The IRS’ Employee Plans Compliance Unit (EPCU) recently completed its study on the role of leased employees in retirement plans. When EPCU asked plan sponsors who used pension feature code “3F” on their Forms 5500 — […]
The economy may have slowly crept back up last year (as ABC News writes here; see also the Jan. 6 economic report from the Bureau of Labor Statistics), but that doesn’t mean that everything is rebounding. A new analysis by actuarial firm Milliman shows that the funding deficit for 100 of the largest pension plans […]
By Rich Glass. The IRS is hitting the ground running. Just a few days into 2012, we received Notice 2012-09, which addresses reporting health care coverage costs on Forms W-2. Following are a nine more things that Glass says we can expect from the federal government this year. Affordable Care Act (ACA), Part I: Health […]
New guidance on a group health coverage reporting requirement raises some important issues regarding COBRA coverage and provides a silver lining for employers, who should be able to use their current COBRA premiums to determine the reportable cost of health coverage — making the new burden of this requirement a little easier to bear, according […]
The airline industry is helping to shift more of the cost of business travel away from the booking phase — the stage at which costs can be managed most easily — to the trip itself when expenses are incurred on the fly. This creates challenges for corporate travel managers — and the federal government, which […]
In its latest guidance on W-2 reporting of health benefits (Notice 2012-9, issued Jan. 5) the IRS has clarified that employers need not include the cost of coverage under an employee assistance program (EAP), health reimbursement accounts (HRA), wellness program or on site-medical clinic in the reportable amount if the employer does not charge a premium […]