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21 Financial Events and Trends During 2021

Money Talk

Some states/cities have moratoriums through dates in 2022. Fraud- Top fraud categories reported by the Federal Trade Commission in a 2021 report were imposter, online, and internet services scams. There was also late notice of tax exemption for up to $10,200 of 2020 unemployment benefits.

Finance 362
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2022 Health Insurance Outlook, Changes

InterWest Insurance Services

As we enter 2022, there are a number of changes on the horizon that plan sponsors need to be aware of as they will affect group health plans as well as employees enrolled in those plans. Here’s a list of what to expect in 2022. For 2022, the affordability level will be 9.61% of their household income, down from 9.83% in 2021.

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Responsible Financial Innovation Act: Proposed Tax and Reporting for Digital Assets

McDermott Will & Emery Employee Benefits

On June 7, 2022, Senators Cynthia Lummis (R-WY) and Kirsten Gillibrand (D-NY) introduced the highly anticipated Responsible Financial Innovation Act (the bill), which sets out to create the first complete regulatory and bipartisan framework for digital assets.

Taxes 85
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SECURE 2.0 Brings Significant Changes for 403(b) Plans

Proskauer's Employee Benefits & Executive Compensa

As part of our continuing series on SECURE 2.0 , signed into law December 29, 2022, this post focuses on significant changes for section 403(b) tax-sheltered annuity plans (“403(b) plans”). A CIT is a tax-exempt pooled investment vehicle that holds assets attributable to certain types of employer-sponsored retirement plans.

401(k) 111
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Expedia Layoffs To Affect 9% Of Workforce In a Bid To Refocus Resources

HR Digest

Their full-year GAAP (Generally Accepted Accounting Principles) saw a 127 percent growth compared to 2022, one of their highest growth numbers to date. The Expedia cash expenditures and total pre-tax charges are expected to range between $80 million USD to $100 million USD. billion USD, marking a 10 percent year-over-year growth.

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Top 5 reasons to check your payslip

cipHR

It’s worth remembering that it’s an employee’s responsibility to check they’re on the right tax code, as it impacts how much tax they pay – whether it’s too much tax or too little. For the 2021/22 tax year (and through to 2025/26), the tax code for most people under 65 who only have one job or pension is 1257L.

Pension 98
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What’s In and What’s Out: Review of Expiring Legislative Relief and Looking Ahead to 2022

Benefit Resource Inc.

New Limits to FSAs, HSAs, Commuter Benefits for 2022. Pre-tax Account Limits for 2022. Health Savings Account Limits for 2022. While the legality of these types of orders is being challenged, employers could still be required to comply as soon as January 4, 2022. Up from $270/mo. Individual / Self-only Coverage.