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Credits and incentives available to retirement plan sponsors

LaPorte

(authored by RSM US LLP) Employers with less than 100 employees who have recently adopted or are considering a retirement plan have a tax savings opportunity. The post Credits and incentives available to retirement plan sponsors first appeared on LaPorte.

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The IRS urges businesses to review ERC claims for 7 common red flags

LaPorte

(authored by RSM US LLP) IRS urges employers to review ERC claims before the Voluntary Disclosure Program deadline of March 22, 2024. The agency warns of 7 common signs that their claims may be incorrect. The post The IRS urges businesses to review ERC claims for 7 common red flags first appeared on LaPorte.

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Should Your Business Offer the New Emergency Savings Accounts to Employees?

Machen McChesney

It’s called a pension-linked emergency savings account (PLESA), and the provision authorizing it became effective for plan years beginning January 1, 2024. Department of Labor (DOL) published some frequently asked questions to help employers, plan sponsors, participants, and others understand them.

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The Certified Payroll Professional Corner: Worker Status

ThomsonReuters

As previously noted , there are many penalties that an employer may face if not in compliance with payroll rules, regulations, and laws. employers must properly complete Form I-9 (Employment Eligibility Verification) to verify the worker status of individuals hired for employment in the United States. Penalties.

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The Fall of “Affirmative Action” and Its Implications for Employers

Harvard Corporate Governance

In a majority opinion authored by the Chief Justice, the Court sharply criticized the practice of “affirmative action” in higher education as inconsistent with the constitutional imperative of equality established in the Fourteenth Amendment’s Equal Protection Clause. Several amicus briefs, filed by major U.S.

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May Employers Use Health Plan Claims Records to Determine Whether Employees Have Received COVID-19 Vaccinations?

ThomsonReuters

ANSWER: The group health plan’s records generally should not be used to verify employees’ vaccination status for any employment-related purpose. An employer’s group health plan is a HIPAA covered entity and, under HIPAA, is a separate legal entity from the employer. Contributing Editors: EBIA Staff.

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5 ways technology can strengthen a corporate tax team

ThomsonReuters

Keeping regulators at bay Tax authorities worldwide continue to pass legislation requiring greater disclosure from corporations. At the same time, tax authorities are now equipped with—and employing—much more sophisticated technology to scrutinize and compare corporate returns and reports.