The Internal Revenue Service (IRS) issued a notice last week announcing an increase in the dollar amount used to determine the Patient-Centered Outcomes Research Institute (PCORI) fee for the upcoming plan year.   The applicable dol...

The IRS announced an increase to the maximum HSA contribution limits for the 2021 calendar year in Revenue Procedure 2020-32.   The individual contribution limit has been raised from $3,550 to $3,600. The family contribution limi...

The Equal Employment Opportunity Commission (EEOC) announced on May 7th that it will delay collection of EEO-1 Component 1 information—which asks for the number of employees who work for a covered business sorted by job category, race, ethnic...

On April 29, 2020, the Departments of Labor and Treasury issued a notice that extends certain time frames affecting participants’ rights and plan obligations as they relate to various plan requirements.  The extensions of time periods cannot...

On March 27, the CARES Act was signed into law. This legislation provides disaster relief to employers and employees in an effort to minimize the economic impacts of the COVID-19 pandemic. The bill also introduces some important tax-advantaged prov...

This week, Alan Whitman, Chief Executive Officer of Baker Tilly, issued a video message to our clients.  If you did not receive it or have not had a chance to view it, I suggest you take an opportunity to do so when you find your next free minute ...