Benefits

Volunteer firefighters and the departments that rely on them will be excluded from the employment requirements under the Affordable Care Act, the Treasury Department announced on Friday, Nov. 10.

The Affordable Care Act is law, but what does it really mean for the cost of health insurance for Americans who will be purchasing coverage on the new state healthcare exchanges?

CBIZ, Inc. has announced the acquisition of substantially all the assets of Clearview National Partners, L.L.C., ("Clearview") of Waltham, Massachusetts, effective January 1, 2014.

Tax deferred retirement savings accounts, especially 401(k)s, have long been a standard for American workers looking to ensure some savings and income during their retirement years. But the economy and recent changes to healthcare law and insurance premiums are having a negative effect on savings rates.

When the ball dropped in Times Square at midnight on New Year’s Eve, it did more than signal the start of another year. It also officially closed the books on several significant tax breaks for individuals and small business owners. Unless these provisions are resurrected by a bipartisan Congress – no sure bet – they won’t be available in 2014.

All extended federal benefits ended last week because the budget deal reached by U.S. Senate and House negotiators didn't include extension of the federal Emergency Unemployment Compensation program. The added benefits were authorized in 2008 and extended 11 times as the recession and its effects dragged on.

The IRS surprised employers a few weeks back with a rule change that allows flexible spending account participants to roll over up to $500 of their unused account balances into the next year.

A "Boomer flight" is coming, as the currently retiring generation of Americans are leaving New York City en masse, carrying with them tens of billions in retirement dollars and lost money to the local economy every year.