Articles
Three Legal Duties of the Board of Directors
Each Board member, in accepting a position on the Board, agrees to certain duties: the duty of care, the duty of loyalty, and the duty of obedience. Duty of (Due) Care This is the responsibility
Board Member Contracts
Board members will likely have different interpretations as to what is expected from them in their roles. In many cases, not all Board members know the full extent of what is expected of them and
2019 Inflation Adjusted Amounts for HSAs
The IRS released the inflation adjustments for health savings accounts (HSAs) and their accompanying high deductible health plans (HDHPs) effective for calendar year 2019.
The Nonprofit Guide to Effective Board Membership
It is important for you to understand the requirements that come with your acceptance of a Board position. This guide will provide some insight to you on how to be a more effective Board member.
Draft 2019 ACA Reporting Forms and Instructions Released
The Internal Revenue Service (IRS) recently released draft versions of Forms 1094/1095-C and 1094/1095-B information returns for calendar year 2019, and draft instructions for those forms.
Parking Tax Relief for Tax-Exempt Employers
The Taxpayer Certainty and Disaster Tax Relief Act of 2019 was signed into law on December 20, 2019.
Overtime Pay Consequences of Common Employee Benefits
On December 16, 2019, the Wage and Hour Division of the U.S. Department of Labor (DOL) published final regulations on “regular rate of pay” for overtime pay purposes under the Fair Labor Standards Act (“FLSA”).
Key ACA Taxes Repealed, but the PCOR Fee Is Back
In a bipartisan effort, the U.S. Congress agreed on a spending package to fund the federal government which included important changes to federal laws affecting employer-sponsored group health and welfare benefit plans.
2019 State and Federal Minimum Wages
The federal Fair Labor Standards Act (FLSA) establishes minimum wage and overtime requirements for employers in the private sector and federal, state, and local governments.
