6 Tips to Control Small Business Health Insurance Costs
6 Tips to Control Small Business Health Insurance Costs Employers nationwide are feeling the pinch of rising health insurance costs. This challenge is particularly pronounced in Nevada, where health insurance premiums rank #15 for the most expensive premiums in the country. Although the upfront expense of health insurance might make some employers hesitant, it’s essential […]
DOL Proposes FLSA Overtime Rule With Higher Salary Levels for White Collar Employees
the U.S. Department of Labor (DOL) announced a proposed rule to amend current requirements that employees in white collar occupations must satisfy to qualify for an overtime exemption under the Fair Labor Standards Act (FLSA).
Pay or Play Affordability Percentage Will Decrease for 2024
On Aug. 23, 2023, the IRS issued Revenue Procedure 2023-29 to index the contribution percentage in 2024 for determining the affordability of an employer’s plan under the Affordable Care Act (ACA).
Managing Work-Life Balance During Return to School
Working parents are a critical part of the U.S. workforce. According to the job website Glassdoor, 2 in 5 workers have a child under the age of 18, and 1 in 9 have a child younger than 5 at home. For anyone with caregiving responsibilities, balancing them with work can be a real challenge with […]
Pregnant Workers Fairness Act (PWFA)
EEOC Webinar: Pregnant Workers Fairness Act (PWFA) The Pregnant Workers Fairness Act (PWFA) took effect on June 27, 2023. This new law requires covered employers to provide “reasonable accommodations” to a worker’s known limitations related to pregnancy, childbirth, or related medical conditions, unless the accommodation will cause the employer an “undue hardship”. The EEOC recently […]
Overview of the Pregnant Workers Fairness Act
Overview of the Pregnant Workers Fairness Act The Pregnant Workers Fairness Act (PWFA), which was signed into law on Dec. 29, 2022, became effective on June 27, 2023. Under this law, employers with at least 15 employees must provide reasonable accommodations to workers with known limitations related to pregnancy, childbirth or related medical conditions unless the accommodation […]
Secure Act 2.0 – What Should Employers Know?
Secure Act 2.0 – What Should Employers Know? Question: What should we know about the new “Secure Act 2.0” and how will it impact our retirement plan? Answer: On Dec. 29, 2022, President Biden signed the Consolidated Appropriations Act of 2023, an omnibus bill that includes the “SECURE Act 2.0.” The SECURE Act 2.0 is intended to […]
ACA Pay or Play Penalties Will Increase for 2024
ACA Pay or Play Penalties Will Increase for 2024 On March 9, 2023, the IRS released updated penalty amounts for 2024 related to the employer shared responsibility (pay or play) rules under the Affordable Care Act (ACA). For calendar year 2024, the adjusted $2,000 penalty amount is $2,970 and the adjusted $3,000 penalty amount is $4,460. Pay or Play Penalty […]
Employer Takeaways From the FTC’s Proposed Ban on Noncompete Agreements
Employer Takeaways From the FTC’s Proposed Ban on Noncompete Agreements The Federal Trade Commission (FTC) recently published a proposed rule that would ban noncompete clauses in employment agreements. According to the agency, if the proposed rule becomes final, it could increase employee wages by approximately $300 billion per year and expand career opportunities for 30 million American […]
White House Announces End of COVID-19 Emergency Periods
White House Announces End of COVID-19 Emergency Periods On Jan. 30, 2023, the Biden administration released a statement announcing that it plans to end the COVID-19 public health emergency (PHE) and national emergency on May 11, 2023. Timeline for Ending Emergency Periods The COVID-19 PHE and national emergency were declared in early 2020 and are […]
