Articles

Product Liability, Product Withdrawal, and Product Recall Insurance – Which Do I Have and What Does it Mean?

Product liability insurance is designed to cover the costs associated with bodily injury and property damage caused by your product. For example, say you manufacture pellet stoves and your stove does not properly function, burns down a customer’s house, and injures a customer.

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IRS Announces 2017 Health FSA Limits

In Revenue Procedure 2016-55, released last week, the IRS set forth a variety of 2017 adjusted tax limits. Among other things, the notice addresses slightly increased limits for health flexible spending accounts (FSAs). Health Flexible Spending Account (FSA) – 2017 Annual Limitation of $2,600 Health care reform imposed a $2,500 limit on annual salary reduction […]

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Employer Reporting – 2016 FINAL Forms and Instructions

The IRS has released the 2016 final forms and instructions for the ACA employer reporting requirement. The final forms are almost identical to the draft forms released in August, with only minor clarifying language in the instructions. While final forms and instructions have been released for both the “B” and the “C” forms, this summary […]

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Retaining Employees In A Competitive Market

In today’s market, retaining talent requires more than offering a high salary. Considering that losing a high-value employee can cost an organization more than twice the cost of the employee’s salary, companies are using creative strategies to hold onto the best and the brightest. Parker, Smith & Feek’s Tim Nierman has creative plans on Employee […]

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Are You Compliant?
Another Deadline Approaching Responsibilities Under Section 1557 of the Affordable Care Act (ACA)

For the last several months, individuals responsible for healthcare compliance have been receiving information about the new rules under the ACA. At this point, most organizations should be or are on the way to modifying their practices to comply. While most of the requirements took effect on July 18th, posting of patient notices becomes effective on October 16th, 2016.

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