Remove 2020 Remove Benefit Providers Remove Flexible Spending Account
article thumbnail

Leap year! How to handle 27 biweekly payrolls in 2020

Business Management Daily

1 payday back into 2020, you’d still have 27 biweekly pay periods, this time in 2021. Although most companies choose this option, it may be a costly decision, since employees will receive an extra paycheck, along with extra taxes withheld and extra benefits provided. 1, 2021, is a holiday. Twist: If you don’t push the Jan.

Payroll 83
article thumbnail

Congress temporarily changes limit for dependent care

Benefit Resource Inc.

The limit for dependent care flexible spending accounts has been stuck at $5,000 since the account’s inception in the 1980s. Parents can submit claims for eligible expenses incurred in 2020 and 2021 related to care for children under age 14. But a new bill from Congress passed last week and is changing that.

article thumbnail

3 ways to get employees to “swipe right” on your benefits

Benefit Resource Inc.

The first step to getting employees to “swipe right” on your benefits is for them understand what they are looking for in a benefits package. Some people might want benefits that can be used to support children, like a General or Limited Flexible Spending Account (FSA) or a Dependent Care FSA.