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What do all these employee benefit acronyms stand for?

What do all these employee benefit acronyms stand for?

Everyone in the employee benefits field uses acronyms like COBRA, FSA, and CDHC. What do these and other employee benefit acronyms stand for?  Here’s an explanatory list of common employee benefit acronyms used: ACA – Patient Protection and Affordable Care...

IRS issues final versions of Publication 15 and 15-T for 2023

IRS issues final versions of Publication 15 and 15-T for 2023

The IRS has issued the final versions of Publication 15 (Circular E, Employer's Tax Guide) and Publication 15-T (Federal Income Tax Withholding Methods) for use in the 2023 tax year. Publication 15: This publication explains the tax responsibilities as an...

3 ways to access HRA funds

3 ways to access HRA funds

As many know, a Health Reimbursement Arrangement (HRA) is an employer-funded account that helps pay for a medical plan’s deductible and co-insurance expenses. There are three ways to access an HRA. Here they are as follows. Filing an electronic claim: this can be...

What employers should know about HRAs

What employers should know about HRAs

Two months ago, NueSynergy wrote about several Health Reimbursement Arrangement (HRA) FAQs to keep in mind. Now, taking it a step further, NueSynergy will discuss what employers, specifically, should look for in regard to an HRA. Here it is as follows: An HRA can be...

IRS provides details on qualified research credit

IRS provides details on qualified research credit

During a December 1 payroll industry conference call, the IRS discussed the recent increase in the qualified small business payroll tax credit for increasing research activities as provided under the Inflation Reduction Act. Background: A provision of the Inflation...

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