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2021 Year-End Compliance Checklist

The Olson Group

2021 has been another challenging, exciting, and ever evolving year for the business world. As 2021 comes to an end, here are some year-end tips and compliance guidance to ensure you are ready to kick off 2022 on the right track! Cafeteria Plan and Flexible Spending Account (FSA) Plan Amendments. Happy 2022!

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2021 Year-End Compliance Checklist

The Olson Group

2021 has been another challenging, exciting, and ever evolving year for the business world. As 2021 comes to an end, here are some year-end tips and compliance guidance to ensure you are ready to kick off 2022 on the right track! Check out the 7 tips and download your very own checklist below!

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New COVID relief package extends payroll provisions

Business Management Daily

The new COVID relief package included in the Consolidated Appropriations Act, 2021 (H.R. The key payroll provisions include: An extension of the paid sick/ family leave provisions and your tax credit for providing leave. Relief for employees who receive surprise medical bills. The overall price tag?

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10 steps to maintain end-of-year payroll compliance

Business Management Daily

FSAs (flexible spending accounts) are typically a use-it-or-lose-it benefit. Pre-tax dollars are deducted through payroll and placed into a flexible spending account to cover eligible medical or dependent care expenses. Also, check for minimum wage increases in any states in which you employ people.

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Employee benefits for small businesses

Higginbotham

workers who quit in 2021 said that low pay was a reason, and 43 percent said that a lack of good benefits was a reason. According to the 2021 Employer Health Benefits Survey from KFF, 56 percent of firms with three to 49 workers offer health benefits to at least some of their workers. The Benefits of Employee Benefits.

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2nd COVID-19 Relief Bill Includes Many Other Changes 2021 & 2022!

Fringe Benefit Analysts

COVID Relief, No Surprises Act, FSA and DCAP Extensions, Transparency, and HIPAA Privacy Updates. . . Features of the Consolidated Appropriations Act. . The Consolidated Appropriations Act of 2021 (The Act) was signed into law on December 28th by President Trump. The required leave ended on December 31, 2020.

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AMERICAN RESCUE PLAN ACT CONTAINS MANY EMPLOYEE BENEFITS RELATED PROVISIONS

Benefits Notes

On March 11, 2021, President Biden signed the American Rescue Plan Act of 2021 (the “ARPA”) into law. The individual is a qualifying individual and already enrolled in COBRA coverage on April 1, 2021, or enrolls in COBRA coverage during the “special enrollment period” described below. Subsidized COBRA.