Corporate COVID-19 News
IRS Allows for Reimbursement of PPE from Health FSAs, HRAs and HSAs
Posted on: 4/2/2021 10:00 AM
On Friday March 26, 2021 the IRS announced that personal protective equipment (PPE) that is purchased for the primary purpose of preventing the spread of COVID-19 is now treated as an eligible medical expense under Section 213(d) of the IRS code. PPE includes masks, hand sanitizer and sanitizing wipes.… Read More
Retirement News
Setting Every Community Up for Retirement Enhancement (SECURE) Act
Posted on: 2/20/2020 4:21 PM
On December 20th, 2019, the Secure Act was signed into Law, a bill to help employers implement retirement plans for their employees. Please find below some of the many changes, affecting qualified retirement plans, brought about with this bill:• Increase of tax credit limit for small employer pension plan start-up costs: Existing tax credit of $500 for a plan’s start-up costs has been increased to as much as $5,000 per year for the first three years, encouraging small employers to adopt plans.… Read More
Regulatory News
IRS Allows for Reimbursement of PPE from Health FSAs, HRAs and HSAs
Posted on: 4/2/2021 10:00 AM
On Friday March 26, 2021 the IRS announced that personal protective equipment (PPE) that is purchased for the primary purpose of preventing the spread of COVID-19 is now treated as an eligible medical expense under Section 213(d) of the IRS code. PPE includes masks, hand sanitizer and sanitizing wipes.… Read More