• IRS Reverses 2018 HSA Family Contribution Limit

    Earlier this year, the IRS announced a reduction in the 2018 contribution limit of Health Savings Accounts (HSAs) linked to a family plan from $6,900 to $6,850. On April 26, however, the IRS announced that they’d by granting relief to taxpayers affected by the reduction in contribution. Revenue Procedure 2018-7 states that it will allow […]

  • Small Business Week 2018

    National Small Business Week is currently underway, from April 29 to May 5. This yearly event is put on by the U.S. Small Business Administration and recognizes outstanding entrepreneurs and small business owners from all across the 50 states and U.S. territories. Various other organizations also participate by creating awareness and providing helpful resources including […]

  • Supreme Court Overtime Ruling Signals Favorable Shift to Employers

    A recent Supreme Court decision may signify a favorable shift for employers when it comes to overtime-related lawsuits. Throughout numerous overtime cases, the courts have historically leaned in favor of employees when interpreting the Fair Labor Standards Act (FLSA), which protects nonexempt workers. Although employers always strive to remain FLSA compliant, there is always continual […]

  • IRS Lowers 2018 HSA Family Contribution Limit

    UPDATE: On April 26, 2018, the IRS announced a reversal. Refer this blog for the details. Early this March, the IRS announced a reduction of the 2018 contribution limit of health savings accounts (HSAs) linked to a family plan to $6,850, down from the $6,900 which was previously announced. This IRS recalculation occurred due to the Tax […]