A dependent care flexible spending account (DCFSA) is a pre-tax benefit account used to pay for eligible dependent care services. The IRS determines which expenses are eligible for reimbursement and these expenses are defined by Internal Revenue Code §129 and the employer’s plan. Eligible DCFSA expenses include: adult day care center, before/after school programs, child […]
Read moreCategory: FLSA
Compliance Recap // May 2017
May was an active month in the employee benefits world. On May 4, 2017, the U.S. House of Representatives passed a bill titled the “American Health Care Act of 2017” (AHCA) to repeal and replace the Patient Protection and Affordable Care Act (ACA). The Internal Revenue Service (IRS) released its Employer Shared Responsibility affordability percentage […]
Read moreOvertime Exemption Rules Arrive
After a long wait, the Department of Labor (DOL) has released the revisions to the white collar overtime exemption rules in the Fair Labor Standards Act. The new rule becomes effective on December 1, 2016. Enterprises Generally speaking, the Fair Labor Standards Act applies to employees of “enterprises.” Enterprises are: A federal, state, or local […]
Read more