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December 19, 2015

On Dec. 18, 2015, the U.S. Congress passed a federal budget bill for 2016 that makes significant changes to three tax provisions under the Affordable Care Act (ACA). This federal budget bill would: Delay implementation…

November 16, 2015

Use this flow chart for your answer.

November 2, 2015

Proposed regulations would update prior IRS guidance to reflect that same-sex couples can now marry in all states and that all states must recognize these marriages. Individuals in domestic partnerships, civil unions or similar relationships are…

November 1, 2015

Are you an employer with fifty or more employees but with less than 100?  If so, Do you know how this recent repeal will affect you?  For guidance, contact The Lank Group, Inc.  Michael Lank…

October 21, 2015

Under the Affordable Care Act, there are several changes for large employers (100+ full time equivalent employees) and mid-sized employers (50-99 full time equivalent employees). Here are the major ones to be aware of in…

September 29, 2015

Doctors, hospitals and insurers are bracing for possible disruptions on Oct. 1 when the U.S. health-care system switches to a massive new set of codes for describing illnesses and injuries.  Click here for full article

August 10, 2015

Q: Our employees often don’t turn their timesheets in on time. If an employee doesn’t submit his sheet on time, can we delay processing his paycheck until the next pay period? A: It is the employer’s…

August 3, 2015

Updates to FLSA White Collar Exemption Requirements Announced Following a directive from President Obama, the Department of Labor has proposed changes to the federal Fair Labor Standards Act (FLSA) rules regarding the executive, professional, and…

July 18, 2015

On June 29, 2015, President Barack Obama signed the Trade Preferences Extension Act of 2015 into law, which increases penalties for the failure to file correct information returns or to provide individual statements under either…

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