congress backs small captives

Congress Backs Captives

A letter to IRS Commissioner Daniel Werfel signed by eight members of the House Ways and Means Committee was released to the public on December

Read More »
catch-up contribution

The IRS Grants a Reprieve!

As we previously told you, section 603 of the SECURE 2.0 Act added section 414(v)(7) to the Internal Revenue Code.  Section 414(v)(7) requires that catch-up

Read More »
ACA Reporting Changes in 2024

ACA Reporting Changes in 2024

Based on the new ACA Reporting threshold, most employers must file electronically beginning in 2024. The Affordable Care Act (ACA) created reporting requirements under Internal

Read More »
flexible spending account

Flexible Spending Account

A flexible spending account (FSA) is an account in an employee’s name that reimburses the employee for qualified medical expenses or dependent care expenses. It

Read More »