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Breaking News from the Dept of Labor: Final Rule on Overtime

The U.S. Department of Labor’s final rule updating the overtime regulations has just been announced.

Financial Literacy in Estate Planning

April is National Financial Literacy month. What better way to welcome the first full month of spring than by reviewing your estate plan to ensure that your family will be provided for according to your wishes.

Avoiding Family Conflict During Estate Planning

As we enjoy the holiday season, many of us look forward to celebrating with family. Unfortunately, in the context of estate planning and inheritances, it is all too common for families to end up in heated disputes after a loved one’s death. Many reasons may contribute, but the most common is lack of planning. Here are a few tips that could help reduce conflict.

Employers: Get Ready For New Overtime Regulations

Earlier this year, President Obama directed the Secretary of Labor and the DOL to reform the current "white collar" exemptions to increase the number of persons entitled to overtime under the FLSA. The finalized rules are expected to take effect in or near June, 2016.

2016 Dollar Limitations on Benefits and Contributions

The IRS has announced (IR-2015-118) the cost-of-living adjustments for pension plans and other related items for the tax year 2016. The following table shows the 2016 dollar limitations in comparison to 2015.

Cadillac Tax: Why You Should Prepare for 2018

The Affordable Care Act (“ACA”) imposes a forty percent (40%) tax on the amount by which the cost of the insurance benefit exceeds an applicable dollar limit. This is referred to as the “Cadillac tax” and is effective for tax years beginning after 2017.

ACA: Post King v. Burwell Landscape

This Article identifies some of the continuing legal challenges to the ACA and identifies actions that employers should consider regardless of pending litigation or possible legislative action.

SCOTUS Opinion on King v. Burwell

Highlights of the Opinion regarding King v. Burwell and the Affordable Care Act.

FAQ’s On Reporting Employer-Provided Health Insurance Offer and Coverage

Under the Patient Protection and Affordable Care Act, providers of minimum essential coverage during a calendar year must report certain coverage information to the Internal Revenue Service and to covered individuals. Following are some frequently asked questions regarding this reporting responsibility.

SBA Proposes Amendments to Sole Source Authority for Women-Owned Small Businesses

On May 1, 2015, the U.S. Small Business Administration (SBA) announced plans to expedite the implementation of the sole source authority provision in the Women-Owned Small Business (WOSB) Federal Contracting Program and changed the deadline to study which industries are underrepresented by WOSBs.

After Tax Season: What To Do If You Receive a Letter from the IRS

April 15th has come and gone, but what should you do if you receive a letter from the IRS? A recent "Tax Tip" from the IRS discussed recommendations for taxpayers who receive a notice or letter from the IRS. We share their recommendations with you here.

Reporting Employer-Provided Health Insurance Offer and Coverage

Under the Patient Protection and Affordable Care Act, providers of minimum essential coverage during a calendar year must report certain coverage information to the Internal Revenue Service and to covered individuals. This article provides an overview of the reporting requirements and responsibilities.

Pending Supreme Court Ruling on Tax Credits

The question presented to the Supreme Court in King v. Burwell (U.S. Supreme Court No. 14-114) is whether the IRS may permissibly promulgate regulations to extend tax-credit subsidies to coverage purchased through exchanges established by the federal government under the ACA.

Changes to Powers of Attorney Law Now In Effect

A properly drafted and executed Power of Attorney can offer untold protection and peace of mind when you or a loved one become incapacitated or need assistance in managing financial affairs. Let's review what has changed as of January 1, 2015.

Bona Fide Orientation Periods and the ACA

The implementation of the Affordable Care Act (ACA) has significantly altered the landscape of employment and employee benefits, and new final regulations promulgated by the federal government continue that trend.

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