Employee Benefit Plans

The IRS recently announced 2026 amounts for Health Savings Accounts

Magnifying,lens,with,text,hsa,with,medical,tools,pills
May 27, 2025
H&B
0
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
Find Out More
Human Resources

Hiring independent contractors? Make sure you’re doing it right

Concept,image,of,tiles,spelling,employee,or,contractor
May 19, 2025
H&B
0
Many businesses turn to independent contractors to help manage costs, especially during times of staffing shortages and inflation. If you’re among them, ensuring these workers are properly classified for federal tax purposes is crucial. Misclassifying employees as independent contractors can result in expensive consequences if the IRS steps in and reclassifies them. It could lead […]
#IRSGuidelines, #TaxCompliance, #WorkerClassification
Find Out More