Capital Services, Inc.

12/19/2022

The IRS has released final 2022 forms and instructions for ACA reporting under Code Sections 6055 and 6056. No significant changes were made to the forms for 2022 reporting. However, the instructions have been updated for the permanent, 30-day automatic extension of time for furnishing individual statements. This Legal Update summarizes this development.

The IRS has released final 2022 forms and instructions for ACA reporting under Code Sections 6055 and 6056. No significant changes were made to the forms for 2022 reporting. However, the instructions have been updated for the permanent, 30-day automatic extension of time for furnishing individual st...

11/07/2022

With health care costs rising for the foreseeable future, savvy employers are implementing strategies to ensure their benefits plans are sustainable and benefit employees. By understanding medical trend, employers can better design benefits plans that meet the needs of their organization and employees. This article explains medical trend and its impact on employers and employees.

With health care costs rising for the foreseeable future, savvy employers are implementing strategies to ensure their benefits plans are sustainable and benefit employees. By understanding medical trend, employers can better design benefits plans that meet the needs of their organization and employe...

11/01/2022

Many employee benefits (such as HSAs, health FSAs and 401(k) plans) are subject to annual dollar limits that are periodically updated for inflation. This Compliance Overview includes a chart of the inflation-adjusted limits for 2023. Due to high rates of inflation, all of these limits will substantially increase for 2023.

Many employee benefits (such as HSAs, health FSAs and 401(k) plans) are subject to annual dollar limits that are periodically updated for inflation. This Compliance Overview includes a chart of the inflation-adjusted limits for 2023. Due to high rates of inflation, all of these limits will substanti...

10/27/2022

Employers may offer their employees qualified transportation benefits as a tax-free fringe benefit under Section 132(f) of the Internal Revenue Code. Eligible expenses include qualified parking, transit passes and vanpooling. This Compliance Overview summarizes the rules for qualified transportation benefit plans, including the maximum benefit limits for 2022.

The IRS has released Revenue Procedure 2022-38, which includes cost-of-living adjustments for employee qualified transportation fringe benefits for the 2023 taxable year. This Legal Update contains the 2023 benefit limit amounts.

10/21/2022

This month’s Benefits Buzz discusses the Oct. 15 deadline for Medicare Part D notices, as well as new guidance on federal health care transparency requirements.

This month’s Benefits Buzz discusses the Oct. 15 deadline for Medicare Part D notices, as well as new guidance on federal health care transparency requirements.

10/21/2022

The Live Well, Work Well newsletter is an employee newsletter produced monthly and covers topics like health, wellness, fitness, nutrition and personal finance. This month's newsletter highlights how to recession-proof your life, daylight savings time and your health, and American Diabetes Month..

The Live Well, Work Well newsletter is an employee newsletter produced monthly and covers topics like health, wellness, fitness, nutrition and personal finance. This month's newsletter highlights how to recession-proof your life, daylight savings time and your health, and American Diabetes Month.

09/26/2022

Check out some of the artwork I was able to select for this year’s Art in the Round exhibit and silent auction. If you want to see more amazing pieces, go to The Arc Baltimore’s website for ticket info for the 10/21 event. They will also have a virtual gallery and remote bidding available if you can’t make it in-person. Go to https://www.thearcbaltimore.org/art-in-the-round/.

09/26/2022

This HR Insights article discusses tips for supporting mental health for both remote and hybrid employees.

This HR Insights article discusses tips for supporting mental health for both remote and hybrid employees.

09/26/2022

Pay stubs typically show an employee’s salary, bonuses, taxes and other deductions, but many benefits employers provide employees may not appear. While some absent benefits may be obvious, others may be overlooked or are easily forgotten by employees. A total compensation statement provides employees with a broader understanding of what benefits their employer provides. This HR Insights article discusses total compensation statements and today's talent challenges.

Pay stubs typically show an employee’s salary, bonuses, taxes and other deductions, but many benefits employers provide employees may not appear. While some absent benefits may be obvious, others may be overlooked or are easily forgotten by employees. A total compensation statement provides employ...

08/24/2022

On Aug. 16, 2022, the IRS updated its FAQs on the ACA's employer shared responsibility rules to include updated penalty amounts for 2023. This Legal Update provides the updated penalty calculations for the 2023 calendar year.

On Aug. 16, 2022, the IRS updated its FAQs on the ACA's employer shared responsibility rules to include updated penalty amounts for 2023. This Legal Update provides the updated penalty calculations for the 2023 calendar year.

08/16/2022

On Aug. 12, 2022, the U.S. House of Representatives passed the Inflation Reduction Act, and it is expected to be signed into law shortly. While this bill is primarily aimed at fighting inflation and reducing carbon emissions, it also contains a number of reforms that will impact health coverage. This Legal Update provides an overview of the health reforms that are included in the bill.

On Aug. 12, 2022, the U.S. House of Representatives passed the Inflation Reduction Act, and it is expected to be signed into law shortly. While this bill is primarily aimed at fighting inflation and reducing carbon emissions, it also contains a number of reforms that will impact health coverage. Thi...

08/15/2022

President Joe Biden recently signed an executive order to protect individuals’ ability to access out-of-state abortions. This News Brief explains further.

President Joe Biden recently signed an executive order to protect individuals’ ability to access out-of-state abortions. This News Brief explains further.