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2020 HSA Limits Set to Moderately Rise
Health Savings Account Limits Set to Moderately Rise in 2020. The Internal Revenue Service (IRS) just released the Health Savings Account (HSA) limits to take effect on January 1, 2020. The changes are outlined in the table below compared to the 2019 HSA limits. [table id=15 /] Here is a link to the IRS ruling.…
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Where is my W-2? 4 Tips for Efficient Form W-2 Distribution
With 2018 under wraps, your employees will begin asking “ Where is my w-2? ” Now is the best time to set your organization up for a quick and efficient W-2 distribution process. The IRS requires all employers to report annual wage and salary information for employees on Form W-2 by January 31 following that…
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2019 HSA Limits Set to Rise
Health Savings Account Limits Set to Rise in 2019 The Internal Revenue Service (IRS) just released the Health Savings Account (HSA) limits to take effect on January 1, 2019. The changes are outlined in the table below compared to the 2018 HSA limits. [table id=9 /] Here is a link to the IRS ruling. In addition…
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CPEO Certification with Internal Revenue Service
It’s official! The first group of Professional Employer Organizations (PEOs) has been certified under the CPEO Certification IRS program on June 1, 2017. PEOs that applied went through a rigorous vetting process and complied with numerous requirements set forth by the IRS in order to become a Certified PEO. The newly certified PEOs have proven…
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2018 HSA Limits Announced by IRS
HSA Limits Set to Rise in 2018. The Internal Revenue Service (IRS) recently released the Health Savings Account or HSA limits to take effect January 1, 2018. The changes are outlined in the table below compared to the 2017 HSA limits. [table id=1 /] Here is a link to the IRS ruling. In order for you…
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How Many Exemptions Do I Claim On My W-4 Form?
W-4 Form Exemptions. One of the most important forms you fill out when you begin a new job is a W-4 form. If you aren’t required to fill one out – get worried. You may not be getting paid! Other times you may opt to complete a new W-4 form include a change in marital…
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The IRS Releases 2017 Annual Benefit Limits
The Internal Revenue Service (IRS) released the 2017 annual contribution limits related to Flexible Spending Accounts (FSA), Health Savings Accounts (HSA) and all Qualified Retirement Plans. Please see below for the small changes to current limits in place. The announcements from the IRS are as follows: Rev. Proc. 2016-55 Rev. Proc. 2016-28 Notice 2016-62 As…
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Growing Businesses–What You Don’t Know About the Affordable Care Act Could Cost You!
Affordable Care Act. Is your company just about to pass or recently passed the 50 employee mark? That’s great news – your company is growing! Unfortunately, it also means increased regulation including potential eligibility to the Affordable Care Act (ACA). The IRS recently released the draft instructions for the Form 1094-C and Form 1095-C. Any employer…
Tag: IRS
