ThomsonReuters

JANUARY 28, 2021

EEOC Commission Opinion Letter: Individual Coverage Health Reimbursement Arrangements (ICHRA) under the ADEA (Jan. 7, 2021). Available at [link]. The EEOC has issued an opinion letter regarding whether an employer may sponsor an ICHRA that offers employees a defined contribution for the purchase of an age-rated individual major medical health insurance policy without violating the Age Discrimination in Employment Act (ADEA).

Compliance 98

Compliance 98

Appraisal Rights

JANUARY 28, 2021

In an apparent question of first impression, the Delaware Court of Chancery is considering whether stockholders in a Delaware corporation can relinquish their rights to object to the sale of the company and waive fiduciary duty claims through a stockholder agreement. Law360 reports here that Vice Chancellor Sam Glassock III has asked for supplemental motion-to-dismiss briefing on the role the implied covenant of good faith and fair dealing, as well as public policy arguments, should play in app

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Appraisal 52

ThomsonReuters

JANUARY 28, 2021

Independent Contractor Status Under the Fair Labor Standards Act, 29 CFR Parts 780, 788, and 795, 86 Fed. Reg. 1168 (Jan. 7, 2021); News Release: U.S. Department of Labor Announces Final Rule to Clarify Independent Contractor Status Under the Fair Labor Standards Act (Jan. 6, 2021). Final Rule. News Release. The DOL’s Wage and Hour Division (WHD) has finalized regulations for determining whether a worker is an independent contractor for purposes of the Fair Labor Standards Act (FLSA).

Compliance 98

Compliance 98

Cooley M&A

JANUARY 28, 2021

SPACs and Direct Listings have emerged as a significant new liquidity path for high growth tech companies over the last several months. In this three-day virtual forum, we’ll discuss how to approach these liquidity events strategically including evaluating which structure to use, understanding economics / dilution, and how to execute on these transactions.

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Speaker: Susan Spencer, Principal of Spencer Communications

Intent signal data can go a long way toward shortening sales cycles and closing more deals. The challenge is deciding which is the best type of intent data to help your company meet its sales and marketing goals. In this webinar, Susan Spencer, fractional CMO and principal of Spencer Communications, will unpack the differences between contact-level and company-level intent signals.

Marketability

ThomsonReuters

JANUARY 28, 2021

In 2020, we saw a flurry of COVID-19-related activity at the SEC designed to help companies navigate the business impact of the pandemic. That, however, didn’t stop the SEC from pushing through several key rulemaking initiatives on its regulatory agenda. This blog post highlights certain changes in SEC reporting and disclosure across several key topics, along with practical takeaways.

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Corporate Finance Accounting Firms Finance Marketability 72

ThomsonReuters

JANUARY 28, 2021

IRS Publication 502 (Medical and Dental Expenses (for 2020 Returns)). Available at [link]. The IRS has released an updated version of Publication 502 for the 2020 tax year. Publication 502 describes the medical expenses that are deductible by taxpayers on their federal income tax returns. The 2020 version is substantially similar to its 2019 counterpart.

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ThomsonReuters

JANUARY 28, 2021

CMS Bulletin: Treatment of Risk Corridors Recovery Payments in the Medical Loss Ratio and Rebate Calculations (Dec. 30, 2020). Available at [link]. CMS has advised that insurers must revise their medical loss ratio (MLR) and rebate calculations and pay recipients additional rebate amounts based on any recovered risk corridor payment amounts. As background, MLR and rebate calculations must account for, among other things, the net payments or receipts related to the federally administered risk co

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Marketability 52

ThomsonReuters

JANUARY 28, 2021

QUESTION: Some of our employees have asked for the opportunity to make designated Roth contributions to our 401(k) plan. What factors should we consider when deciding whether that feature makes sense for our plan? ANSWER: Evaluating the Roth option requires weighing the potential benefits, additional complexity, and risks for participants, as well as the administrative burdens for your plan.

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ThomsonReuters

JANUARY 28, 2021

Announcement of Calendar Year (CY) 2022 Medicare Advantage (MA) Capitation Rates and Part C and Part D Payment Policies (Jan. 15, 2021). Announcement. Fact Sheet. Under Medicare Part D regulations, most group health plan sponsors offering prescription drug coverage to Part D eligible individuals (including active or disabled employees, retirees, COBRA participants, and beneficiaries) must disclose to those individuals and to CMS whether the plan coverage is creditable or non-creditable.

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ThomsonReuters

JANUARY 28, 2021

Rescission of Department of Labor Rule on Guidance, 29 CFR Part 89, 86 Fed. Reg. 7237 (Jan. 27, 2021). Available at [link]. The DOL has rescinded a final rule, issued in August 2020, that established policies and requirements for issuing, modifying, and withdrawing non-regulatory guidance and making it available to the public (see our Checkpoint article ).

Compliance 52

Compliance 52

Speaker: Wayne Spivak - President and Chief Financial Officer of SBA * Consulting LTD, Industry Writer, and Public Speaker

The old adages that "cash is king" and "you can’t spend profits" still hold true today. But however well-known these sayings might be, it requires a change in mindset to properly implement a cash flow management system that predicts your business's runaway as accurately as possible. Key to this new mindset is understanding the difference between the Statement of Cash Flows, a historical look at the source and uses of cash, and the Cash Flow Statement, which uses transaction history and forward-l

Corporate Finance