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Five Ways to Prevent Workplace Harassment

Every employer should make preventing workplace harassment a top priority Harassment is a form of employment discrimination that may violate federal laws such Title VII of the Civil Rights Act; the Age Discrimination in Employment Act; and the Americans with Disabilities Act. The Equal Employment Opportunity Commission (EEOC) has issued a list of best practices for employers to use to prevent harassment in their workplaces. [embed][/embed]...

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ACA Affordability Contribution Rate Set at 9.78% for 2020

New Figure Marks Decrease from 2019 Under the employer shared responsibility ("pay or play") provisions of the Affordable Care Act, applicable large employers—generally those who have 50 or more full-time employees (including full-time equivalent employees)—may be subject to a penalty if they do not offer affordable coverage that provides minimum value to their full-time employees and their dependents. For plan years beginning in 2020, the Internal Revenue Service has announced that coverage will generally be considered affordable if the employee's required contribution for the lowest-cost self-only health plan offered is 9.78% or less of his or her household income for the taxable...

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Have a sunnier tax season with these summertime IRS tax tips

WASHINGTON — Buying a home? Working a summer job? Volunteering? Activities that are common in the summer often qualify for tax credits or deductions. And, while summertime and part-time workers may not earn enough to owe federal income tax, they should remember to file a return to get a refund for taxes withheld early next year. Here are some summertime tax tips from the IRS that can help taxpayers during tax season next year: Marital tax bliss. Newlyweds should report any name change to the Social Security Administration before filing next year’s tax return. Then, report any address change to the...

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New Minimum Wage Requirements in Several States/Cities

On July 1, several states and cities changed their minimum wage rate. Click here to view the list of affected jurisdictions, including: ⦁ New Jersey ⦁ Oregon ⦁ Chicago ⦁ Cook County, IL ⦁ Washington, DC ⦁ Minneapolis ⦁ Los Angeles ⦁ San Francisco ⦁ and 9 smaller cities in California Action May Be Required: If you operate in one of the affected cities or states, please review your employee pay rates to ensure all employee are being paid at least the new minimum wage. Please note, SIMA cannot automatically update these wages, therefore, you will need to confirm your employee pay rates and adjust those that fall below the adjusted...

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IRS Releases Inflation-adjusted Limits for HSAs and HDHPs for 2020

On May 28, 2019, the IRS released Revenue Procedure 2019-25 to announce the inflation-adjusted limits for health savings accounts (HSAs) and high deductible health plans (HDHPs) for 2020. These limits include: The maximum HSA contribution limit The minimum deductible amount for HDHPs The maximum out-of-pocket expense limit for HDHPs These limits vary based on whether an individual has self-only or family coverage under an HDHP. HSA Contribution Limits for 2020 The IRS limits for HSA contributions increase for 2020. Eligible individuals with self-only HDHP coverage will be able to contribute up to $3,550 for 2020, while eligible individuals with family HDHP coverage will...

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Consider Apprenticeships for Your Company

Finding qualified job candidates can be frustrating and time-consuming, especially when you’re searching for skilled workers. If this sounds like your situation, it may be time to consider an apprenticeship program. Apprenticeships are growing in popularity across the United States, and with good reason: these programs benefit workers and business owners alike. Employees learn necessary skills while earning a paycheck, and employers develop a staff of qualified workers trained to their specifications. Watch this video on apprenticeship programs. [caption id="" align="alignleft" width="1920"] Apprenticeships[/caption]...

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Paid Family and Medical Leave Tax Credit

A tax credit for wages paid to employees taking FMLA leave may generally be taken by employers who have a written paid family and medical leave policy that: Provides all qualifying full-time employees—employees who have been employed for a year or more and who had compensation of not more than $72,000 in the preceding year—at least 2 weeks of annual paid family and medical leave; Allows all less-than-full-time qualifying employees a commensurate amount of leave on a pro rata basis; Pays at least 50% of the wages normally paid to an employee; and Includes the following language: "[Employer] will not...

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Is Cybersecurity an ERISA Fiduciary Responsibility?

Practice Management Plan sponsors and service providers already take seriously their responsibilities to protect participant data, but where are the lines of responsibilities and accountability in the event of a breach? That was the focus of a workshop at the Plan Sponsor Council of America’s 2019 National Conference in Tampa, FL. The panel – Amy Gordon and Joe Adams, both partners at Winston & Strawn, and Wendy Carter, Vice President and Defined Contribution Director at The Segal Company – acknowledged that: there is no comprehensive federal regulatory scheme governing cybersecurity for retirement plans in the United States; ERISA is silent on data...

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Employers Must Report 2017 and 2018 EEO-1 Pay Data

The Equal Employment Opportunity Commission (EEOC) has announced that employers must report pay data, broken down by race, sex and ethnicity, from 2017 and 2018 payrolls. The pay data reports are due Sept. 30. Employers had been waiting to learn what pay data they would need to file—if any at all—as litigation on the matter ensued. A federal judge initially ordered the EEOC to collect employee pay data for 2018. The National Women's Law Center (NWLC) and other plaintiffs wanted the EEOC to collect two years of data, as the agency was supposed to under a new regulation before the government halted the collection in 2017. Judge...

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