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Reimbursement for Employee Health Insurance Clarified by IRS
The IRS recently issued a notice that provides transitional relief to small employers who provide reimbursement for employee health insurance purchased by individuals on the marketplace. With that relief, however, the IRS also clarified that the new interpretation...
Tipped Employee Minimum Wage Increase in New York
Governor Cuomo announced on Tuesday a tipped employee minimum wage increase to $7.50 from $5 an hour on Dec. 31 of this year. The increase was ordered by the acting labor commissioner and will consolidate three categories of tipped workers — whose minimum hourly wages...Tax-Free Commuter Benefits
The recently enacted Tax Increase Prevention Act of 2014 (TIPA), retroactively extended enhanced tax-free commuter benefits, but the extension lasts only through December 31, 2014. The IRS explains the complex rules for handling the retroactive increase in its Notice...
