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Employers can truncate SSNs on employees’ W-2s

Robert Tighe

Posted By: Robert Tighe

Posted August 31, 2019 / No comments

The IRS recently issued final regulations that permit employers to voluntarily truncate employee Social Security Numbers (SSNs) on copies of Forms W-2 furnished to employees. The purpose of the regs is to aid employers’ efforts in protecting workers from identity theft. Proposals and comments On September 20, 2017, the IRS issued proposed regs on the

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Offering group term life insurance through a cafeteria plan

Robert Tighe

Posted By: Robert Tighe

Posted August 30, 2019 / No comments

Many employers wish to offer group term life insurance as a fringe benefit but find the premiums unaffordable. Under such circumstances, you could provide the coverage and have employees pay the premiums pretax through an existing cafeteria plan. Just be sure you understand the tax impact. Magic number Group term life insurance coverage on employees’

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Should you elect S corporation status?

Tighe, Kress & Orr.

Posted By: Tighe, Kress & Orr.

Posted August 20, 2019 / No comments

Operating a business as an S corporation may provide many advantages, including limited liability for owners and no double taxation (at least at the federal level). Self-employed people may also be able to lower their exposure to Social Security and Medicare taxes if they structure their businesses as S corps for federal tax purposes. But

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Prevent human errors with safety coaching

Cynthia Petschke

Posted By: Cynthia Petschke

Posted August 17, 2019 / No comments

Workplace accidents are often caused by human error, not faulty equipment. Typically, if an employee has an unsafe attitude, his or her job performance will become careless and a mishap (large or small) will soon follow. “Unsafe” doesn’t necessarily mean “on purpose,” and “attitude” doesn’t necessarily mean “insubordinate.” Some workers are physically exhausted or stressed;

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What to do if your business receives a “no-match” letter

Tighe, Kress & Orr.

Posted By: Tighe, Kress & Orr.

Posted August 12, 2019 / No comments

  In the past few months, many businesses and employers nationwide have received “no-match” letters from the Social Security Administration (SSA). The purpose of these letters is to alert employers if there’s a discrepancy between the agency’s files and data reported on W-2 forms, which are given to employees and filed with the IRS. Specifically,

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Offering COBRA to a terminated employee’s domestic partner

Tighe, Kress & Orr.

Posted By: Tighe, Kress & Orr.

Posted November 9, 2018 / No comments

Many employers offer coverage to employees’ domestic partners under their health care plans. If your organization does so, you need to determine what rights domestic partners have regarding COBRA insurance. General principles One common question for employers is whether terminated employees may elect to continue COBRA coverage for their domestic partners. The answer is yes;

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Which employees are truly your MVPs?

Tighe, Kress & Orr.

Posted By: Tighe, Kress & Orr.

Posted October 23, 2018 / No comments

Every year, when baseball season finally ends, a most valuable player (MVP) is named in each league. Not everyone agrees on the choice; in fact, it’s something fans love to argue about. But eventually the two players receive their awards and their names go into the record books. Can you name your organization’s MVPs? (You

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