Taxes can have a significant impact on family offices, influencing decisions around structure, investing and overall planning strategies. McDermott’s Family Office Tax webinar series explores the latest trends and guidance on tax planning for family offices and identifies opportunities to optimize tax efficiency. Our first webinar covered the legal, tax and administrative considerations a family […]

The post Family Office Tax Webinar Replay: Compensation Strategies appeared first on EMPLOYEE BENEFITS BLOG.

https://www.employeebenefitsblog.com/2024/04/family-office-tax-webinar-series-compensation-strategies/

In late December 2023, the Internal Revenue Service (IRS) issued Notice 2024-2 (the Notice), providing guidance on key provisions of the SECURE 2.0 Act of 2022 (SECURE 2.0). SECURE 2.0, which was passed in December 2022, includes more than 90 provisions affecting US retirement plans, many of which are specifically aimed at enhancing savings opportunities […]

The post A Q&A and More Delay: IRS Begins to Issue Clarifying Guidance on SECURE 2.0 Provisions appeared first on EMPLOYEE BENEFITS BLOG.

https://www.employeebenefitsblog.com/2024/04/a-qa-and-more-delay-irs-begins-to-issue-clarifying-guidance-on-secure-2-0-provisions/

On January 11, 2024, the US Department of Health and Human Services (HHS) published its new final rule governing federal healthcare conscience protection statutes. The 2024 final rule, which went into effect March 11, 2024, repeals the majority of the prior final rule from 2019 that was found to be unlawful by three federal courts […]

The post HHS Publishes New Rights of Conscience Final Rule appeared first on EMPLOYEE BENEFITS BLOG.

https://www.employeebenefitsblog.com/2024/03/hhs-publishes-new-rights-of-conscience-final-rule/

On January 18, 2024, in a highly anticipated and unanimous decision, the Supreme Court of California barred striking a claim under the Private Attorneys General Act (PAGA) on trial manageability grounds alone, instead authorizing due process defenses to PAGA claims (Estrada v. Royalty Carpet Mills, Inc.). The decision also commented approvingly on representative testimonies, surveys […]

The post California Employee Civil Rights Defenses Following Estrada Case appeared first on EMPLOYEE BENEFITS BLOG.

https://www.employeebenefitsblog.com/2024/03/california-employee-civil-rights-defenses-following-estrada-case/

On January 9, 2024, the Centers for Medicare and Medicaid Services (CMS) approved the New York State (NY) 1115 Medicaid waiver “Medicaid Redesign Team” (MRT). The MRT is a long-standing waiver in NY that has continuously evolved to improve the administration, structure and financing of the NY Medicaid program; enhance Medicaid beneficiaries’ access to services; […]

The post CMS Approves New York 1115 Medicaid Redesign Waiver appeared first on EMPLOYEE BENEFITS BLOG.

https://www.employeebenefitsblog.com/2024/03/cms-approves-new-york-1115-medicaid-redesign-waiver/

The Internal Revenue Service (IRS) has announced plans to initiate dozens of new audits this spring in an attempt to ground high-flying taxpayers and their personal usage of corporate aircrafts. These audits will focus primarily on “highest risk” corporations and large partnerships, IRS Commissioner Danny Werfel stated. Werfel added that audits of high-income earners will […]

The post Soaring New Heights: The IRS’s Crackdown of Aircraft Usage by Corporations and High-Income Earners appeared first on EMPLOYEE BENEFITS BLOG.

https://www.employeebenefitsblog.com/2024/03/soaring-new-heights-the-irss-crackdown-of-aircraft-usage-by-corporations-and-high-income-earners/

What are the major risks and rewards of artificial intelligence’s healthcare transformation? In this AHLA podcast episode, Alya Sulaiman offers insight into how healthcare organizations should manage AI governance and examines related legislative and regulatory issues. Access episode.

The post How Healthcare Organizations Should Manage AI appeared first on EMPLOYEE BENEFITS BLOG.

https://www.employeebenefitsblog.com/2024/02/how-healthcare-organizations-should-manage-ai/

Under the SECURE Act and the SECURE 2.0 Act, employers must provide so-called long-term, part-time employees – i.e., those who complete at least 500 hours of service in three consecutive years (reduced to two years in 2025) and are at least 21 years old – the opportunity to make elective deferrals under their 401(k) plans and, […]

The post New Rules Make Tracking Long-Term, Part-Time Employee Service a Full-Time Job appeared first on EMPLOYEE BENEFITS BLOG.

https://www.employeebenefitsblog.com/2024/02/new-rules-make-tracking-long-term-part-time-employee-service-a-full-time-job/

Multiple states – including Mississippi, New Jersey and Virginia – have been busy finalizing legislation and rulemaking to adopt interstate compacts and expand behavioral health access. What else have these states been up to in recent weeks? Read more here.

The post States Adopt Interstate Compacts, Expand Behavioral Health Access appeared first on EMPLOYEE BENEFITS BLOG.

https://www.employeebenefitsblog.com/2024/02/states-adopt-interstate-compacts-expand-behavioral-health-access/

Multiple states – including Alaska, Wisconsin and New Jersey – have been busy finalizing legislation and rulemaking to adopt interstate compacts and amend and clarify telehealth-related standards of care. What else have these states been up to over the last month? Read more here.

The post States Move to Amend, Clarify Telehealth-Related Standards of Care appeared first on EMPLOYEE BENEFITS BLOG.

https://www.employeebenefitsblog.com/2024/01/states-move-to-amend-clarify-telehealth-related-standards-of-care/