Insights

Effective Dec. 29, 2022, SECURE 2.0 introduces over 90 provisions, including tax credits, starter 401(k) plans, automatic enrollment, & more.

The IRS now requires electronic filing for entities submitting at least 10 returns annually, down from the previous threshold of 250 returns.

Group health plans and health insurance issuers must submit annual RxDC reports on prescription drug and health care spending to CMS.

A final rule effective March 11, 2024, revises guidance on classification under the FLSA, rescinding the 2021 Independent Contractor Rule.

The IRS announced an increase in health FSA contribution limits for 2024, raising the pre-tax salary reduction limit to $3,200.

The Internal Revenue Service (IRS) has issued Notice 2023-70 to increase the PCORI fee amount for plan years 2023-2024.