Everybody loves vacation days, right? Fun on the beach, crisp days in the mountains, or just doing nothing – it’s a summer ritual. Unfortunately, many American workers are taking less time off than ever before. According to a study by Project: Time Off, 55% of U.S. workers left at least one vacation day unused in … Continued
Overview When Madison Maroney (name changed for privacy) moved from Boston to Wisconsin, there was one thing the 40-year-old east-coaster couldn’t leave behind: Her weekly therapy sessions. So now, two years later, in her Midwestern home, she pops open her laptop every week, logs on, and via live-streaming video, talks through her highs and lows … Continued
Section 701 of the Bipartisan Budget Act of 2015 contains the Federal Civil Penalties Inflation Adjustment Improvements Act of 2015, which requires the Occupational Safety and Health Administration (OSHA) and most other federal agencies to implement inflation-adjusted civil penalty increases. The Inflation Adjustment Act also allows OSHA a one time “catch-up adjustment” to adjust for inflation … Continued
UBA’s compliance team leverages the collective expertise of its independent partner firms to advise 36,000 employers and their 5 million employees. Lately, a common question from employers is: How does an ALE determine whether or not a newly hired variable hour employee should be offered benefits? The answer depends on how the applicable large employer … Continued
Many people in their 40s are facing an uncomfortable fact: They simply aren’t where they’d hoped to be financially. Fortunately, all their life experience can help correct for past mistakes. “There’s a different trigger moment for everybody,” says Jay Howard, financial advisor and partner at MHD Financial in San Antonio, Texas. “But regardless of when … Continued
The new Department of Labor (DOL) overtime exemption rules increase the salary threshold from $23,660 a year to $47,476 annually, beginning December 1, 2016. This means that employees earning less than the threshold can no longer be considered salaried and exempt from overtime pay. While the DOL has indicated that the regulations will have a … Continued
In the early 2000s, prescription costs were around 20 percent of total medical claim spend. This number stayed relatively unchanged for a number of years. Recently, this number has been increasing at an alarming rate. In the early- to mid-2000s, prescription costs were largely held in check with the rise of generic utilization, meaning the … Continued
Applicable large employers and self-funded employers of all sizes have now completed the first round of required IRS reporting under the Patient Protection and Affordable Care Act (ACA). The ACA requires individuals to have health insurance, while applicable large employers (ALEs) are required to offer health benefits to their full-time employees. In order for the … Continued
On June 14, 2016, the Office of Federal Contract Compliance Programs (OFCCP) announced a final rule which updates guidelines that covered contractors must meet under the provisions of Executive Order 11246. A well-established rule, E.O. 11246 prohibits sex discrimination in employment by federal contractors; however, the guidelines implementing it date back to 1970. These guidelines are … Continued
The Patient Protection and Affordable Care Act of 2010 (ACA) has many tax provisions written within its 906 pages. I’ll give a brief overview of the taxes, and sprinkle in some good news among some not-so-good news. HIP Section 9010 of the ACA imposes a fee on each covered entity engaged in the business of … Continued
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