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HR News Alerts

New Tax Law Eliminates Tax Breaks for Several Fringe Benefits

Posted on December 19, 2017 07:38 PM

President Trump has signed into law the Tax Cuts and Jobs Act, which, among other things, eliminates tax breaks for several fringe benefits and creates a new tax credit for employers offering paid family and medical leave.

Categories: Cafeteria Plans, Employee Benefits, Fringe Benefits

IRS Announces 2018 Standard Mileage Rates

Posted on December 15, 2017 03:18 PM

The Internal Revenue Service (IRS) has issued the 2018 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical, or moving purposes.

Categories: Fringe Benefits, Reporting and Recordkeeping

Is Your Holiday Bonus Program Compliant?

Posted on November 29, 2017 03:08 PM

With the end of the year approaching, many employers are getting ready to hand out holiday bonuses, unaware that these tidings of the season can come wrapped in legal implications.

Categories: Discrimination, Fringe Benefits, Human Resources

Social Security Administration Announces 2.0% Benefit Increase for 2018

Posted on October 20, 2017 07:41 PM

The Social Security Administration has announced that monthly Social Security and Supplemental Security Income (SSI) benefits will increase 2.0% in 2018.

Categories: Employee Benefits, Fringe Benefits, Retirement Planning

IRS Releases 2018 Inflation Adjustments for Various Tax Benefits

Posted on October 19, 2017 06:28 PM

The Internal Revenue Service (IRS) has announced a number of inflation-adjusted tax items for 2018, some of which remain unchanged. Among other items, the annual dollar limit on employee contributions to employer-sponsored health flexible spending arrangements (FSAs) increases to $2,650 (up from $2,600).

Categories: Cafeteria Plans, Employee Benefits, Fringe Benefits, HSAs, FSAs and Other Tax-Favored Accounts

IRS Issues Special Per Diem Rates for 2017-2018

Posted on October 2, 2017 05:53 PM

The Internal Revenue Service (IRS) has released an annual notice that provides the 2017-2018 special per diem rates for taxpayers to use in substantiating the amount of ordinary and necessary business expenses incurred while traveling away from home. The rates are effective for allowances paid to employees on or after October 1, 2017 for travel on or after October 1, 2017.

Categories: Employee Benefits, Fringe Benefits

Top 3 Emerging Benefits

Posted on August 25, 2017 04:36 PM

Benefits are a key factor in attracting and holding onto the best and brightest people for your organization. To make sure you're keeping up with the competition, consider offering these emerging popular benefits to your employees.

Categories: Employee Benefits, Fringe Benefits, Health Insurance, Recruitment and Hiring

IRS Releases 2017 Values for Employer-Provided Vehicles

Posted on March 3, 2017 03:15 PM

The IRS has released the maximum vehicle values for 2017 that taxpayers need to determine the value of personal use of employer-provided vehicles under the special valuation rules provided under IRS regulations.

Categories: Employee Benefits, Fringe Benefits

IRS Updates Publication 463 on Travel, Entertainment, Gift, and Car Expenses

Posted on February 23, 2017 03:08 PM

The Internal Revenue Service (IRS) has updated Publication 463 (Travel, Entertainment, Gift, and Car Expenses) for use in preparing 2016 returns that are filed in 2017.

Categories: Employee Benefits, Fringe Benefits, Reporting and Recordkeeping

Massachusetts Exclusion Amounts for Employer-Provided Parking, Transit Pass, and Commuter Highway Vehicle Benefits

Posted on December 20, 2016 03:12 PM

Massachusetts has issued a Technical Information Release that explains the 2017 Massachusetts personal income tax exclusion amounts for employer-provided parking, transit pass, and commuter highway vehicle benefits allowed to employees.

Categories: Fringe Benefits, State Employment Laws