Published January 2010 After months of deliberation, the COBRA subsidy has been extended. President Obama signed H.R. 3326 into law on December 19, 2009. This law has brought a few changes to the COBRA subsidy in addition to the extension. The extension: Reverses earlier guidance that AEIs would have to start COBRA coverage on or […]
Published December 2009 Here at BASIC, we want you to know that your data is safe and secure, so we put together a list of some of the precautions we take. The following are measures we are taking with regards to data security: HIPAA Compliance Each of our administration software vendors offer encrypted and secured […]
Published December 2009 Child care costs are on the rise, with the average family paying between $7,200 and $9,600 per year. Most families would jump at the chance to reduce their child care costs and their opportunity comes in the form of a Dependent Care Flexible Spending Account. With a Dependent Care FSA, you can […]
Published December 2009 Payroll processing is not unique, but some companies handle it better than others. Switching or starting fresh with a payroll provider can bring many benefits, including more time to devote to business operations and employees as well as less stress and worry about inaccurate payroll and taxes. To help you choose the […]
Published December 2009 As many people already know and more seem to find out every day, COBRA can be a difficult and complex regulation to comply with; even more so when the Department of Labor (DOL) releases COBRA notices that are confusing and borderline contradictory. Originally, the DOL interpreted the ARRA to read that individuals […]
Published November 2009 For many businesses, the end of the calendar year brings about increased responsibility and workloads. In addition to this, year end performance reviews of employees often take place. This article has been created with two different sections. One section is to help employees to steer their year-end review in the right direction. […]
November 2009 Recently the Department of Labor reported that in September the economy lost 263,000 jobs, substantially more than economists predicted. With the calendar year nearing an end, the Obama administration and Congress are still contemplating extending the COBRA subsidy which pays 65% of the cost of COBRA health coverage for unemployed American workers who […]
Published November 2009 Although employee misclassification itself is not a violation of law, it is often associated with labor and tax code violations. These misclassifications cause the government to miss out on large amounts of tax revenue that it could put to use. For example, in the tax year 1984, the Internal Revenue Service estimated […]
Published October 2009 Paid time off can be a tricky benefit to deal with, especially when employers have to adhere to federal, state and even sometimes local laws. Answered below are some common questions about PTO. 1. Traditional or PTO? No federal or state law exists that requires an employer to offer the benefit of […]
Published October 2009 BASIC’s Preparations for the Flu Season As a follow-up to last month’s newsletter article titled Prepare Your Company for an Influenza Pandemic, BASIC would like to share our business continuity plan in case we are impacted during the upcoming flu season. Our plan is based on prevention to minimize the spread of […]
