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2011 Qualified Plan Cost of Living Increases, 2011 Social Security Taxable Wage Base

Posted on October 28, 2010 by

The Internal Revenue Service has announced the cost-of-living adjustments for the various qualified retirement plan limits. Note that all of the limits shown below are unchanged from 2010, because the relevant cost-of-living index for 2010 is less than the cost-of-living index for 2009, the basis for the cost-of-living increases. Qualified Plan Limit Cost-of-Living Adjustments 401(k) […]

IRS Relieves Employers of W-2 Health Care Reform Reporting for 2011

Posted on October 25, 2010 by

Prior to the Patient Protection and Affordable Care Act of 2010 and the Health Care and Education Reconciliation Act of 2010 (“Health Care Reform”), employers were not required to report on an employee’s Form W-2 information about the cost of employer-sponsored health coverage. Health Care Reform added the requirement that such information must be reported […]

2011 Health Savings Account Cost of Living Adjustments

Posted on May 24, 2010 by

The Internal Revenue Service has announced the cost-of-living adjustments for the HSA contribution limits and for High Deductible Health Plan (HDHP) deductibles and out-of-pocket maximums. As set forth below, for 2011, no adjustments have been made to the 2010 amounts. HSA/HDHP Requirement  Cost-of-Living Adjustments Limit on HSA Contributions – Self-only HDHP 2010 – $3,050 2011 […]

Revised Federal Trade Commission Guidelines On Endorsements and Testimonials Change Deceptive Advertising Risks and Will Affect Marketing Efforts

Posted on May 14, 2010 by

For years, the Federal Trade Commission (the FTC) has regulated deceptive advertising under Section 5 of the Federal Trade Commission Act (the Act). This has included the issuance of non-binding, but very important, guidelines outlining the FTC’s views on the proper use of advertisements containing endorsements and testimonials.   On December 1, 2009, these revised […]

Federal Agencies Issue Important Guidance on Health Care Reform’s Extension of Health Coverage to Young Adults

Posted on May 11, 2010 by

Need a reason to start dealing today with the impact of health care reform on your group health plan rather than tomorrow? Are you so overwhelmed that you are looking for some discrete part of the new law to conquer so that you can tell the world that you are doing something to bring your […]

One More Extension of the COBRA Subsidy

Posted on April 16, 2010 by

Late on April 15 President Obama signed the Continuing Extension Act of 2010, and included within that law is yet another extension of the COBRA premium subsidy enacted last February as part of the American Recovery and Reinvestment Act of 2009 (“ARRA”). Our earlier updates on the ARRA COBRA premium subsidy can be found in […]

IRS Issues Forms and FAQs on HIRE Act

Posted on April 10, 2010 by

Back on March 19, we alerted our clients and friends about the new Hiring Incentives to Restore Employment (“HIRE”) Act, which grants employers a payroll tax exemption for wages and salary paid to previously unemployed individuals. See our previous alert here New Tax Incentives for Employers Who Hire in 2010. On April 7, 2010, the […]

New Tax Incentives for Employers Who Hire in 2010

Posted on March 19, 2010 by

On March 18, 2010, President Obama signed into law the Hiring Incentives to Restore Employment (“HIRE”) Act. The HIRE Act amends the Social Security tax provisions of the Internal Revenue Code by exempting wages paid to previously “unemployed” individuals from the employer’s Social Security tax obligation. Under the HIRE Act, wages paid by employers to […]

COBRA Subsidy Extended!! Again!!

Posted on March 4, 2010 by

Late on March 2 President Obama signed the Temporary Extension Act of 2010, and included within that law is yet another extension of the COBRA premium subsidy enacted last February as part of the American Recovery and Reinvestment Act of 2009 (“ARRA”). Our earlier updates on the ARRA COBRA premium subsidy can be found in […]

COBRA Subsidy Extended!!

Posted on December 22, 2009 by

Yesterday President Obama signed the Fiscal Year 2010 Defense Appropriations Act, and included within that law is an extension of the COBRA premium subsidy enacted last February as part of the American Recovery and Reinvestment Act of 2009 (“ARRA”). Our earlier updates on the ARRA COBRA premium subsidy can be found in “COBRA Provisions in […]