Blog

New Commuter Benefit- uberPOOL Now Accepts WEX Debit Cards

Attention BASIC Commuter Clients: WEX Health payment cards are now an approved payment form for uberPOOL, and uberPOOL has been added as a valid terminal for transit purchases. As such, any WEX Health payment card that has a transit purse loaded with the terminal ID solution configured can use uberPOOL.UberPOOL enables commuters to save money...
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Failure to Recognize FMLA: The First of Five Common FMLA Mistakes

A recent case in the U.S. District Court for the Northern District of Illinois saw a former employee sue Micron Industries Corporation and ManPowerGroup US Inc. for violations of the FMLA. The plaintiff claims his employer failed to inform him of his rights to a leave of absence provided under the FMLA, and that this...
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Is Your Health and Welfare Plan Compliant?

Plans with more than 100 participants on the first day of the plan year must file a Form 5500 and associated schedules with the Department of Labor (DOL) each year for their health and welfare plans. The due date to file your IRS From 5500 is July 31 for calendar year plans. Read BASIC's White...
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Payroll and Tax Issues in Healthcare Companies

Healthcare companies are faced with some of the most complex and most difficult to optimize payroll and tax-related processes of all companies. The diversity of the workforce, the industry-specific overtime needs of these companies and many other difficulties, all call for special payroll management practices.It's true that the basic...
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New Limits on HSA’s & BASIC’s New HSA@AnyBank Service

The IRS has recently issued Revenue Procedure 2017-37, which provides 2018 HSA contribution and coverage limits. For 2017 HSA's, the limits have changed not just for contributions but for both self and family coverage as well.HSAs are a great way for employers and employees to control cost while still providing a rich benefits package. HSAs also...
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Why Switching Payroll Companies Mid-Year is Easy

Are You Having Payroll Problems?As an employer, nothing can be more frustrating.  Lack of expertise and poor customer service are the main reasons employers look to make a payroll provider change. Luckily for you, change doesn’t have to come the first of the year. At BASIC, we pride ourselves on helping employers needing to replace...
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More than Just FMLA

Paid FMLA, STD, ADA, RTW. Perhaps you have heard these acronyms thrown around the HR world or maybe you deal with them yourself. Often times, if employers struggle with one, the others seem to lag not far behind. This is where BASIC comes in. We provide more than just FMLA administration. In...

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Arizona Proposition 206: Minimum Wage Increase and Paid Sick Leave

On November 8, 2016, Arizona voters passed Proposition 206, the Fair Wages and Health Families Act (the “Act”). This Act established new minimum wage requirements in Arizona along with imposing new paid sick time requirements on employers.Increased Minimum WageThe Act increased Arizona’s minimum wage, which was $8.05 in 2016. Any employer that was subject to...
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Avoiding Costly COBRA Mistakes

In the world of HR, acronyms pervade. COBRA is just one of the many acronyms that employers need to be familiar with. COBRA stands for Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA). This act protects employees who have quit their jobs, lost their jobs, or had their hours reduced, from losing their health insurance...
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Introducing BASIC’s HSA@AnyBank

BASIC is excited to announce a new option for our HSA Administration, HSA@AnyBank! When we say Any Bank we mean any bank. If an employer has 50 employees, they can EACH choose a different bank for their HSA Account. This could be a bank or financial institution where they already have an existing HSA Account,...
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Form W-2/SSN Data Theft: Information for Businesses and Payroll Service Providers

Form W-2/SSN Data Theft: Information for Businesses and Payroll Service ProvidersAs the Internal Revenue Service, the state tax agencies and the tax industry make progress combatting identity theft, cybercriminals need more data to impersonate real taxpayers and file fraudulent returns for refunds.Currently, a particularly dangerous email scam is circulating. Here’s how it works: Cybercriminals use various spoofing techniques...
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Streamlined FMLA Tracking & Technology

BASIC is proud to announce the new version release of our proprietary FMLA and Absence Management dashboard. With FMLA abuse and absenteeism on the rise, many employers are grasping for a solution that fits their unique needs but also helps to simplify the administrative burden and relieve the pressure off of their...
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How HR Can Use Technology to Stay in Touch

Although we live in a connected age when everyone can reach each other through emails, texts and various social media channels, the quality is just as important as the quantity. How can HR use technology, not just as an end in itself but to increase connections between staff and management? Fortunately, the SHRM Foundation, an...
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An Employer’s Guide to COBRA

Losing their jobs can be a big financial hit for employees, but losing health benefits can be catastrophic. But the U.S. government has passed the Consolidated Omnibus Budget Reconciliation Act, commonly called COBRA, which gives some terminated workers the right to temporarily – for 18 months – continue participating in their former employer's group health...
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Reap the Benefits of the Work Opportunity Tax Credit

In December 2015, President Barack Obama signed an extension to the Work Opportunity Tax Credit, which helps match employers with qualifying candidates, such as veterans, and provides a tax incentive for continued employment. What do you need to know about WOTC and how it can affect you and your business? Here are some basics.
  • Qualifying...
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How Employee Assistance Programs Can Help

Employee assistance programs are worksite-based programs and resources designed to benefit both employers and employees. EAPs address productivity issues — job performance can be affected when employees have personal concerns. By squarely dealing with the prevention, identification and resolution of issues, EAPs can put workers' health at center stage for the good of both the...
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4 Things Business Owners Must Know About Payroll Tax

1. Extra compensation must be carefully timed.

Incentivizing employees with bonuses is a great way to boost performance, and it’s important that the bonus checks are distributed at the same time that payroll taxes are paid. Otherwise, you could be subject to a penalty. The same goes for overtime payments. Read more

The Struggle with Intermittent FMLA

FMLA intermittent leave can be quite the challenge for HR professionals and business owners. It is not only difficult to track, but it can also cause administrative headaches when trying to combat abuse. Employers are walking a fine line because they may suspect an employee is abusing FMLA intermittent leave but they can also get...
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Compliance Alert: New ADA Model Notice for Employer Wellness Plans

On May 17, 2016, the Equal Employment Opportunity Commission (EEOC) issued final wellness plan regulations informing employers how their wellness programs can comply with the Americans with Disabilities Act (ADA) and the Genetic Information Nondiscrimination Act (GINA).Employers who are subject to the ADA and offer wellness programs that collect employee health information are required to...
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IRS Ruling Overturned; Small Employers Can Now Offer Stand-Alone HRAs 

Dec. 13, 2016, President Obama signed the 21st Century Cures Act. This legislation re-establishes a health reimbursement arrangement for small Employers called the Qualified Small Employer Health Reimbursement Arrangement.With the passing of this act, many small employers and their employees can now celebrate over the previous IRS ruling preventing stand-alone HRA plans. Starting January 1, 2017,...
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Inadequate plan summaries leave companies vulnerable

DOL audits are on the rise: Are you in compliance?Employers who sponsor group health plans should be aware of the various reporting and disclosure requirements under the Employee Retirement Security Act (ERISA).  ERISA, which was enacted in 1974, is not a new law, but employers are often unaware of the documents that they...
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Federal Judge Issues Nationwide Injunction Putting Overtime-Pay Regulation on Hold

November 23, 2016By MELANIE TROTTMANWALL STREET JOURNALWASHINGTON-A federal judge issued a nationwide injunction blocking a sweeping regulation set to qualify millions more Americans for overtime pay Dec. 1, delivering a blow to one of President Barack Obama's signature workplace rules.The Labor Department completed the rule in May as part of the Obama administration's goal to restore and expand the middle...
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IRS Extends ACA Individual Statement Deadline (Form 1095) from January 31 to March 2

November 20, 2016In Notice 2016-70, IRS extends the 2017 deadline from January 31 to March 2 for employers and insurers to furnish individual statements on 2016 health coverage and full-time employee status (Forms 1095-B and 1095-C). The notice also extends 2015 good-faith penalty relief to 2016 for incorrect or incomplete reports due in 2017.In the Notice, the...
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Start Date of the New Federal Overtime Rule Faces Opposition

The U.S. House of Representatives passed and sent to the Senate a bill that would delay the start of new federal overtime pay rules from December 1, 2016 to June 1, 2017. However, President Obama has indicated he will veto the bill if it hits his desk.The House bill was introduced shortly after officials from 21...
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Reviewing the Draft 2016 Instructions for Forms 1094 and 1095

The IRS has now released the draft 2016 instructions for both the "B" and "C" versions of Forms 1094 and 1095. The agency uses the forms to enforce provisions of the Affordable Care Act (ACA). It's important for employers to stay apprised of changes to these critical documents.The B FormsThese are filed by minimum essential...
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BASIC’s ACA Reporting & Filing Service Promo

BASIC's ACA Elevate is a stand-alone solution that generates 1094-C/1095-C forms and electronic filing to the IRS. ACA Elevate offers two different solutions to ensure every employer remains compliant with 2016's 6055/6056 Reporting Requirements. BASIC's compliance service was recently recognized as one of the top 15 producers by a leading Health Insurance Carrier. With proven success and...
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Are You Ready for the New Overtime Rules?

Are You Ready for the New Overtime Rules?
 
The deadline for the Department of Labor's (DOL's) new final overtime rule is scheduled to be December 1, 2016. While CFOs at most large U.S. companies have been working overtime themselves to prepare for the changes, many small and midsize firms haven't been as quick... Read more

A Review of The Child Bereavement Leave Act – Illinois

Anyone who has ever had to take time for bereavement will tell you that the traditional allotted amount of time for this is not enough.  There are tons of other factors that need to be taken into account with the loss of any loved one.  The State of Illinois has taken one step in the...
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