Regulatory Updates

Minnesota Employers Face New Wage Theft Law July 1

Minnesota employers should be preparing to comply with the state’s new Wage Theft Law by Aug. 1, 2019. The law, which goes into effect July 1, 2019, will require employers take on additional responsibilities related to personnel record-keeping and written notices.

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IRS Announces HSA/HDHP Limits for 2020

On May 28, 2019, the IRS released Revenue Procedure 2019-25 to announce the inflation-adjusted limits for health savings accounts (HSAs) and high deductible health plans (HDHPs) for 2020.

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ACA Remains in Place

On Dec. 14, 2018, a federal judge ruled in Texas v. United States that the entire Affordable Care Act (ACA) is invalid due to the elimination of the individual mandate penalty in 2019.

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IRS Releases 2019 FSA and TRA Limits

  Nov. 16, 2018 – As of Nov. 15, 2018 the Internal Revenue Service (IRS) published Revenue Procedure 2018-57  This publication states the IRS raised the Flexible Spending Account (FSA) limit to $2,700 for 2019. Additionally, Transportation Reimbursement Account (TRA) expense limits for parking and transit increased to a monthly rate of $265. Action Steps…

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Exemptions Lifted on Operators with Properly Managed Diabetes

Nov. 8, 2018 – The Federal Motor Carrier Safety Administration (FMCSA) has ruled to revise regulations in order to qualify individuals who have properly controlled diabetes to operate commercial motor vehicles (CMVs) in interstate commerce without an exemption. The FMCSA scheduled the revisions to take effect on Nov. 19, 2018. Before this ruling, individuals with…

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Final Forms for 2018 ACA Reporting Released

October 18, 2018 – In late Sept. 2018, the Internal Revenue Services (IRS) released final 2018 forms and instructions for reporting under Internal Revenue Code (Code) Sections 6055 and 6056. 2018 Forms 1094-C and 1095-C (and related instructions) are used by applicable large employers (ALEs) to report under Section 6056, as well as for combined…

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