Effective December 1, a new rule updates the regulations governing which executive, administrative, professional, and highly compensated employees are entitled to the minimum wage and overtime pay protections of the federal Fair Labor Standards Act (FLSA). Current Rules The current federal rules provide an exemption from both the minimum wage and overtime pay requirements of… Continue reading New Federal Overtime Rule Effective December 1
Category: Payroll
2017 HSA and Health FSA Contribution Limits Announced
The Internal Revenue Service (IRS) has announced the inflation-adjusted contribution limits for health savings accounts (HSAs) and health flexible spending arrangements (health FSAs) for tax year 2017. 2017 Contribution Limits The tax year 2017 contribution limits for HSAs and health FSAs are as follows: • HSAs: The annual limitation on deductions for an individual with… Continue reading 2017 HSA and Health FSA Contribution Limits Announced
