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Posted on June 30, 2016 by Ruder Ware Alumni
On May 31, 2016, the United States Supreme Court issued its decision in United States Army Corps of Engineers v. Hawkes Co., Inc. holding that approved judicial determinations as to the presence of wetlands issued by the Corps of Engineers constitute “final agency action,” which allows property owners to seek judicial review. As a result […]
Posted on May 17, 2016 by Sara J. Ackermann
Today the Department of Labor (DOL) announced its long-awaited rule expanding overtime protection for employees. The rule will go into effect December 1, 2016. Highlights include: Raising the salary threshold from $23,660 to $47,476 a year, or from $455 to $913 a week. Note: This is lower than the originally proposed $50,440, however, the rule […]
Posted on May 2, 2016 by Mary Ellen Schill
The Internal Revenue Service on April 29th announced the cost-of-living adjustments for the HSA contribution limits and for High Deductible Health Plan (HDHP) deductibles and out-of-pocket maximums for 2017. HSA/HDHP Requirement Cost-of-Living Adjustments Limit on HSA Contributions – Self-only HDHP 2016 – $3,350 2017 – $3,400 Limit on HSA Contributions – Family HDHP 2016 […]
Posted on March 18, 2016 by Sara J. Ackermann
Multiple D.C. insiders and media outlets have reported that earlier this week the DOL forwarded the proposed final overtime rule to the Office of Management and Budget (OMB) for its mandatory review. (If right now you are asking yourself, “what is the proposed final overtime rule?” then see our previous e-alert by clicking here: What […]
Posted on January 25, 2016 by Ruder Ware Alumni
Staying up-to-date and compliant with new laws, rules, and regulations is an ever increasing cost of doing business. Despite the fact that at the end of 2015 Congress took important steps to provide businesses with long-term certainty by permanently extending the federal Research and Development Tax Credit and the Section 179 expensing deduction, much was […]
Posted on January 11, 2016 by Ruder Ware Alumni
Introduction In the Odyssey, Homer told of the inescapable sailing hazards that confronted Odysseus: the six-headed sea monster, Scylla, on one side of a strait and a whirlpool, Charybdis, on the other. Odysseus chose to avoid losing all to the whirlpool and take his chances with the monster. This was a good choice; Odysseus made […]
Posted on December 21, 2015 by Mary Ellen Schill
The Internal Revenue Service has announced the optional standard mileage rates for computing the deductible cost of operating an automobile for business, medical, and moving expenses for 2016, and the reduced rates reflect the decrease in gasoline prices. Effective January 1, 2016, the optional standard mileage rates will decrease to 54 cents per mile for […]
Posted on November 16, 2015 by Ruder Ware Alumni
Last week, Governor Walker signed into law almost fifty new bills, many of which affect local government units, schools, and private employers’ human resource departments. My intent over coming days and weeks is to provide a summary of some of the important new laws. As the title of this blog not so subtly hints, the […]
Posted on October 21, 2015 by Mary Ellen Schill
The Internal Revenue Service has announced the cost-of-living adjustments for the various qualified retirement plan limits. All of the limits shown below remain unchanged from last year. Qualified Plan Limit Cost-of-Living Adjustments 401(k) and 403(b) elective deferral limit 2015: $18,000 2016: $18,000 $200,000 compensation limit 2015: $265,000 2016: $265,000 $160,000 defined benefit limit 2015: $210,000 […]
Posted on October 21, 2015 by Mary Ellen Schill
2017 Qualified Plan Cost of Living Increases, 2017 Social Security Taxable Wage Base The Internal Revenue Service has announced the cost-of-living adjustments for the various qualified retirement plan limits. Some of the limits shown below remain unchanged from last year, but others have increased. Qualified Plan Limit Cost-of-Living Adjustments 401(k) and 403(b) elective deferral limit […]