Health FSA Limit Increases for 2024

On Nov. 9, 2023, the IRS released Revenue Procedure 2023-34 (Rev. Proc. 23-34), which includes the inflation-adjusted limit for 2024 on employee salary reduction contributions to health flexible spending accounts (FSAs). For plan years beginning in 2024, the adjusted dollar limit on employees’ pre-tax contributions to health FSAs increases to $3,200. This is a $150…

PCORI Fee Amount Adjusted for 2024

The Internal Revenue Service (IRS) has issued Notice 2023-70 to increase the Patient-Centered Outcomes Research Institute (PCORI) fee amount for plan years ending on or after Oct. 1, 2023, and before Oct. 1, 2024. The updated PCORI fee amount is $3.22 multiplied by the average number of lives covered under the plan. For plan years…

2023-2024 Tax Planning Guide

Download a copy of your tax planning guide for helpful insights! Once again, it’s time to start thinking ahead to tax season! The last couple months of the year are a great time to make the most of your tax planning opportunities. Our 2023-2024 Tax Planning Guide is designed to support our clients and assist…

Unlocking Growth: The Hidden Benefits of a Fractional CFO

Businesses are constantly seeking innovative ways to optimize their operations, streamline financial management, and drive sustainable growth. For smaller organizations, this can become a daunting task. To navigate this terrain successfully, an increasing number of businesses are seeking out the expertise of fractional Chief Financial Officers (CFOs). While fractional CFOs are a foreign concept to…

AI Cybercrime: 4 Tips to Protect Your Business

The rapid rise of artificial intelligence (AI) has dominated recent headlines. The ability to simulate the human cognitive process is a huge technological step forward with seemingly limitless potential. Businesses are rushing to take advantage of its ability to analyze massive amounts of data, automate responses, and streamline processes. However, this surge in popularity comes…