So, you have decided to start a business – congratulations! You have spent time thinking about what product or service you will provide, developed a business plan, and know who your target audience is. And while creating a brand, name, and scoping out your competition is exciting, what comes next? How do you get up …
Needing a better WebHCM solution for your business? Thinking about making a switch and not sure where to start? With Innovative Business Solutions, your company gets personalized attention and customer support. Here is what a glimpse of our onboarding & implementation process looks like! Step 1: Business Solutions Team From the very start, you will …
You have closed out your open enrollment and are now wondering, “What are my next steps?”. Here are a couple suggestions from our HR Client Open Enrollment Checklist for your consideration: Run reports comparing plans/coverage/amounts and/or run a few test checks to make sure new pricing/plans pull through to payroll as expected. Review December and …
Picture this – It is payroll week, and your administrator who processes payroll suddenly quits, leaving the job of payroll on someone’s plate who has never been trained or knows what they are doing. Sound familiar? Innovative is known for their unmatched support for a reason, especially in stressful situations such as the one mentioned …
We Are Over Half-Way Through the Year — It’s Time to Revamp Your Year-End Processes! — Don’t wait until the last minute to address needed changes — Now is the time to assess your year-end processes such as Open Enrollment, Performance Reviews, and ACA to determine if there are any needed updates/changes before this year’s …
We have seen a continuing pattern of increased employee leave of absences (LOAs) across our client base. With this occurrence on the rise, now is a good time to ask yourself, as a company administrator, some important questions… Does my company’s headcount fall above the threshold of FMLA requirements? Do we have a standard procedure …
It’s time for Spring Cleaning of your employee Notices and Posters! Now is a great time to go through company documents and ensure you have the most updated versions of Federal and State required notices for your employees. Did you know, as of the beginning of April, there is an updated version of the Family Care …
The Affordable Care Act (ACA)Will it stay or will it go? Can we leave it in the past or do we need to be prepared? According to Attorney and ACA expert, Arthur Tacchino, “…the Affordable Care Act will remain stable for at least two more reporting seasons”. What does this mean for your company? Click here to read …
On April 26, 2018, the IRS reverted the 2018 Health Savings Account (HSA) limits back to the originally published amounts released in May of 2017. The current rates are: $3,450 for individuals with self only coverage; and $6,900 for family coverage. After reducing the limits in March of 2018, the IRS reinstated the higher annual limit in April stating, “… …
HSA Limits: What’s Changed This Year & What’s Next? Read More »