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IRS Releases 2023 Cost-of-Living Adjustments for Health FSAs, Transportation Benefits, Adoption Assistance, and More

ThomsonReuters

Health FSAs. For 2023, the dollar limit on employee salary reduction contributions to health FSAs will be $3,050 (up from $2,850). For 2023, the dollar limit on employee salary reduction contributions to health FSAs will be $3,050 (up from $2,850). Adoption Assistance Exclusion and Adoption Credit. Premium Tax Credit.

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IRS Releases 2022 Cost-of-Living Adjustments for Health FSAs, Transportation Benefits, Adoption Assistance, and More

ThomsonReuters

Health FSAs. For 2022, the dollar limit on employee salary reduction contributions to health FSAs will be $2, 850 (up from $2,750). For 2022, the dollar limit on employee salary reduction contributions to health FSAs will be $2, 850 (up from $2,750). Adoption Assistance Exclusion and Adoption Credit. Premium Tax Credit.

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HHS Issues Proposed 2024 Benefit and Payment Parameters, Announces Adjusted Annual Limitation on Cost-Sharing for 2024 Benefit Year

ThomsonReuters

21, 2022); Premium Adjustment Percentage, Maximum Annual Limitation on Cost Sharing, Reduced Maximum Annual Limitation on Cost Sharing, and Required Contribution Percentage for the 2024 Benefit Year (Dec. Proposed Rule: PPACA, HHS Notice of Benefit and Payment Parameters for 2024, 45 CFR Parts 153, 155 and 156, 87 Fed. 78206 (Dec.

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Congress Passes ARPA With Many COVID-19 Payroll-Related Provisions

ThomsonReuters

Paid Sick and Family Leave Credits. ARPA, 2021: Extends the FFCRA paid sick time and paid family leave credits from March 31, 2021 through September 30, 2021. Permits the Treasury Secretary to waive for failure to deposit penalties on “applicable employment taxes” if the failure to deposit is due to an anticipated credit.

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IRS Releases 2021 Cost-of-Living Adjustments for Health FSAs, Transportation Benefits, Adoption Assistance, and More

ThomsonReuters

Health FSAs. For 2021, the dollar limit on employee salary reduction contributions to health FSAs will remain at $2,750. For 2021, the dollar limit on employee salary reduction contributions to health FSAs will remain at $2,750. Adoption Assistance Exclusion and Adoption Credit. Small Business Health Care Tax Credit.

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Cash vs. Accrual Accounting

inDinero Accounting

However, deciding between cash vs. accrual accounting methods is a critical one that will have far-reaching implications. Second, it will modify the timing of your tax liability for earnings and when you can declare expenses. For instance, why is it essential to select between cash and accrual accounting methods?

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Accounting for Startups

inDinero Accounting

Table of Contents What Makes Accounting Services for Startups Different? Why Is Accounting Important for Startups? However, a lack of accounting experience and knowledge can be a hindrance, especially for startups which need to be agile and primed for rapid growth. What Makes Accounting Services for Startups Different?

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