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March 28, 2012
HRB 48 - Overview of Final Exchange Regulations
March 25, 2012
Treasury Takes Another Crack at Tangible Property Regulations (article)
Nonprofit Board Governance and Oversight of Form 990 (article)
March 22, 2012
Exploring Alternative Investments for Tax Exempt Organizations (article)
March 21, 2012
HRB 47 - 1) Summary of Benefits and Coverage; 2) Women’s Preventive Services Update
About a month ago, final regulations were issued relating to the summary of benefits and coverage (see CBIZ Health Reform Bulletin, Final Rules: Summary of Benefits and Coverage, 2/10/12). In an on-going effort to assist in compliance with the health care reform law, the governing agencies (Departments of Health and Human Services, Labor and Treasury) issued 24Frequently Asked Questions relating to implementation of the Summary of Benefits and Coverage (“SBC”). The agencies have promised to issue more guidance as it becomes appropriate.
March 7, 2012
Don’t End Up with Egg on Your Face by Eliminating Your Cost Segregation Opportunities (article)
March 6, 2012
Payroll Tax Holiday Extended…Again
On February 22, 2012, President Obama signed the Middle Class Tax Relief and Job Creation Act of 2012 (P.L. 112-96). This law extends the 2% point payroll tax “holiday” through December 31, 2012. As a result, for 2012, employees will pay only 4.2% Social Security tax on wages up to $110,100 (wage base for 2012). The employer rate of 6.2% remains unchanged.
Marriage Recognition Updates: Washington and Maryland
Both Washington and Maryland have recently enacted laws sanctioning same-sex marriage. Following is a summary of these provisions.
GINA Subject to EEOC’s Recordkeeping and Reporting Requirements
On February 3, 2012, the Equal Employment Opportunity Commission issued a final regulation relating to recordkeeping and reporting requirements by covered employers subject to the Genetic Information Nondiscrimination Act of 2008 (GINA). This regulation, which takes effect April 3, 2012, makes GINA subject to the same recordkeeping and reporting requirements imposed by Title VII of the Civil Rights Act and the Americans with Disabilities Act.
FMLA Model Forms Revised with New Approval Dates
As mentioned in the January, 2012 Benefit Beat, certain FMLA forms issued by the DOL’s Wage and Hour Division were awaiting approval by the Office of Management and Budget (OPM) for use beyond the December 31, 2011 expiration date stated on the forms. The OPM has recently released the following FMLA forms that are approved for use until they expire on February 28, 2015: