It’s that time of year again. Time for self-insured health plan sponsors to prepare to report and pay the annual Patient-Centered Outcomes Research Institute (PCORI) fee that was established by the ACA. Although originally established for plan years ending from October 1, 2012 through September 30, 2019, the fee has
The state of Ohio recently launched its new $30 Million “TechCred” Program, desiring to strengthen Ohio’s skilled workforce by reimbursing employers who help current or new employees earn industry-recognized, technology-focused credentials. Ohio will reimburse up to $2,000 per credential (capped at $30,000 per funding round) to those businesses whose
Captive insurance companies have become a popular risk management tool due to the ability to insure specific or otherwise uninsurable risks while also creating the potential for substantial tax savings. In a typical arrangement, a business establishes a licensed insurance company (the “captive”) which can be owned by the same
U.S. citizens, residents, and entities who have either a financial interest in and/or signature authority over a foreign financial account may be required to file a report annually with the Department of Treasury. The Report of Foreign Bank and Financial Accounts (officially FinCEN Form 114, but more commonly referred to
In 2015, the IRS added new series of compliance questions to the Form 5500/5500-SF annual retirement plan returns, however they are now recommending that plan sponsors skip these questions due to not being approved by the Office of Management and Budget. Specifically, the following questions are recommended to be skipped