Guidance for Health FSA & DCAP COVID-19 Relief

The Internal Revenue Service (IRS) has released a notice intended to clarify the application of temporary special rules for health flexible spending accounts (FSAs) and dependent care assistant program (DCAP) accounts under the Consolidated Appropriations Act, 2021 (CAA). Health FSAs and DCAPs are accounts individuals can make pre-tax contributions to, …

Transition Relief for 2020 ACA Reporting

Last Friday, the Internal Revenue Service (IRS) issued Notice 2020-76 to: Extend the due date for furnishing 2020 forms under Section 6055 and 6056 from February 1, 2021 to March 2, 2021; Provide a final extension of good-faith transition relief from penalties related to 2020 information reporting under Sections 6055 …

ACA Reporting Deadlines Are Approaching

Affordable Care Act (ACA) reporting deadlines are approaching soon under Section 6055 and Section 6056 for the 2019 calendar year. Reporting entities must: File returns with the Internal Revenue System (IRS) by February 28, 2020 if filing on paper (or March 31, 2020 if filing electronically); and Furnish 2019 Forms …

Our Strategic Sourcing Strategy Drives Client Success

In 2017 the Creative Benefits team launched a timely campaign, Employer Empowerment. Since the kick-off meeting, in early January, we are ahead of schedule with the successful completion of 3 strategic initiatives aimed to optimize the customer experience and drive desired outcomes. Providing our client stakeholders, the: CFO / Owner HR Director  Employees …