Unemployment Tax Rate Increases Expected

The Biden Administration’s decision to extend unemployment benefits in response to the COVID-19 pandemic may significantly increase employers’ unemployment benefit tax costs for years to come. Employers fund unemployment benefits through...

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Alternatives to the Traditional 401(k)

Alternatives to the Traditional 401(k) One of the most popular group retirement plans is a 401(k). There are other options — such as PEPs, 403(b) and ESOPs — that might be a better fit for your company. First introduced in 1978, 401(k) plans are now...

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What if an Employee Refuses to Get Vaccinated?

What if an Employee Refuses to Get Vaccinated? You can fire employees who refuse to get vaccinated. Yes, you legally can say “you’re fired” (in most cases) if an employee refuses to get the COVID-19 vaccine.With vaccinations now readily available,...

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IRS Waives Taxes on Donated PTO

Employee Benefits Headline News – May 26, 2021IRS Waives Taxes on Donated PTO The U.S. Internal Revenue Service (IRS) has special rules for leave-sharing during natural disasters. The IRS considers COVID-19 as a major disaster. It posted a set...

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COVID-19: Do You Have Liability?

Lawmakers are looking into legislation to shield employers against unreasonable liability due to the COVID-19 pandemic. While some states have enacted laws shielding business from some liability, guidance varies greatly between jurisdictions regarding...

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