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New regulations expand use of health reimbursement arrangements

by Dann Peterson | Jul 17, 2019 | Regulation Updates

In June 2019, the U.S. Departments of Health and Human Services, Labor, and Treasury released a final regulation that will provide more flexibility for health reimbursement arrangements (HRAs). Starting January 2020, employers will be able to contribute tax-preferred...

New rounding time methods compliant under the Service Contract Act

by Dann Peterson | Jul 1, 2019 | Service Contract Act

On July 1, 2019 the Department of Labor (DOL) issued an opinion letter addressing permissible rounding practices for calculating hours worked. The opinion letter confirms that the long-held standards of rounding under the Fair Labor Standards Act (FLSA) are compliant...

Bona Fide Trusts are Ideal Fringe Benefits

by Dann Peterson | Jun 7, 2019 | Fringe Benefits

Employer contributions to bona fide trusts such as 401(k)s, section 125 cafeteria plans, or health savings accounts (HSA)s can be some of your best options to help you meet fringe benefit requirements when working on government projects. While many employers might...

Drawbacks of Supplemental Unemployment Insurance

by Dann Peterson | May 20, 2019 | Fringe Benefits

Even though there are certain business needs where it might make sense to implement a supplemental unemployment benefits (SUB) plan, you should be aware of the potential financial nuances that could come with them — especially if you have contractors that work on...

What you should know about annualization

by Dann Peterson | May 6, 2019 | Fringe Benefits

In an attempt to satisfy fringe benefit requirements for projects that require a prevailing wage, you might begin to offer more generous benefits to your employees. However, it is important to remember the annualization requirement for certain fringe benefit payments....

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New regulations expand use of health reimbursement arrangements

New rounding time methods compliant under the Service Contract Act

Bona Fide Trusts are Ideal Fringe Benefits

Drawbacks of Supplemental Unemployment Insurance

What you should know about annualization

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