Employee Benefit Plans

ACA penalties may still apply — and they’re increasing for 2026

Beware, small business owners: As your workforce grows, ACA compliance can become a costly surprise without proper planning.
April 13, 2026
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Many small businesses don’t have enough employees to worry about the play-or-pay provisions of the Affordable Care Act (ACA). However, as your business grows, these rules can apply sooner than expected. This issue also may not be on your radar because there’s a common misconception that the repeal of ACA penalties under the Tax Cuts […]
#AffordableCareAct, #BusinessCompliance, #EmployeeBenefits
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Employee Benefit Plans

Benefits that help you care for your company’s caregivers

Businesses that employ parents of young children and other caregivers, take note! Some employer-provided benefits can help support these employees, improve retention and reduce taxes.
April 1, 2026
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With caregiving costs rising faster than inflation, it’s harder than ever to juggle parenting young children or caring for elderly relatives while also working nine to five. Your business can help support caregiving employees and boost productivity by offering dependent care flexible spending accounts (FSAs). This benefit provides a tax-advantaged method to pay for eligible […]
#DependentCareFSA, #EmployeeBenefits, #WorkplaceBenefits
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Employee Benefit Plans

Options for forfeited employee FSA balances

Grace periods for calendar-year flexible spending accounts (FSAs) are ending soon. If employees haven’t spent their 2025 FSA balances, unused amounts may revert to the employer. Here’s what IRS rules allow your business to do with forfeited funds.
March 10, 2026
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Many businesses offer health care and dependent care flexible spending accounts (FSAs) as part of their employee benefits package. These plans provide valuable tax savings to employees and payroll tax savings to employers. If your company operates a calendar-year FSA with a 2½-month grace period, employees have until March 15 to incur eligible expenses for their […]
#EmployeeBenefits, #FlexibleSpendingAccounts, #TaxSavings
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Employee Benefit Plans

The IRS recently announced 2026 amounts for Health Savings Accounts

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May 27, 2025
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The IRS recently released the 2026 inflation-adjusted amounts for Health Savings Accounts (HSAs). Employees will be able to save a modest amount more in their HSAs next year. HSA basics An HSA is a trust created or organized exclusively for the purpose of paying the “qualified medical expenses” of an “account beneficiary.” An HSA can […]
#EmployeeBenefits, #HealthSavingsAccount, #HSA2026, #TaxCompliance
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Employee Retention

An education plan can pay off for your employees — and your business

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April 28, 2025
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Your business can set up an educational assistance plan that can give each eligible employee up to $5,250 in annual federal-income-tax-free and federal-payroll-tax-free benefits. These tax-favored plans are called Section 127 plans after the tax code section that allows them. Plan basics Sec. 127 plans can cover the cost of almost anything that constitutes education, including […]
#EducationalAssistance, #EmployeeBenefits, #Section127Plan
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Human Resources

EBHRAs: A flexible health benefits choice for businesses

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April 25, 2025
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Today’s companies have several kinds of tax-advantaged accounts or arrangements they can sponsor to help employees pay eligible medical expenses. One of them is a Health Reimbursement Arrangement (HRA). Under an HRA, your business sets up and wholly funds a plan that reimburses participants for qualified medical expenses of your choosing. (To be clear, employees can’t […]
#EmployeeBenefits, #HealthBenefits, #HRAExplained
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Tax Planning

Riding the tax break train: Maximizing employee transportation fringe benefits

A woman, standing, on a subway, holding a pole, wearing a white shirt, looking confident, passengers in the background.
March 12, 2025
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There are some nice tax breaks for transportation-related employee fringe benefits. If your employer offers these tax-favored fringes, you should probably take advantage of them by signing up. Here’s a quick summary of the current federal tax treatment of transportation-related benefits. Mass transit passes For 2025, employer-provided mass transit passes for train, subway and bus […]
#CommuterBenefits, #EmployeeBenefits, #FringeBenefits, #TaxPlanning
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Retirement Planning

Are your employees suffering from retirement plan leakage?

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February 21, 2025
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Today’s small to midsize businesses are often urged to help employees improve their financial wellness. And for good reason: Financially struggling workers tend to have higher stress and anxiety levels. They may be less productive and more prone to errors. Some might even decide to commit fraud. One hallmark of an employee facing serious financial […]
#401kPlans, #EmployeeBenefits, #FinancialWellness, #RetirementPlanning
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