Employee Benefits


The Treasury Department and the IRS issued guidance on health savings accounts (HSAs) ( www.treas.gov/press/releases/js1278.htm ) to increase health-insurance-plan designers’ and consumers’ understanding of the IRS rules governing such plans. HSAs are tax-exempt trust or custodial accounts established exclusively to pay the qualified medical expenses of an eligible individual participating in a high-deductible health plan (HDHP) whose coverage provisions satisfy related IRS requirements. The guidance clarifies the types of preventive care an HDHP covers and the interaction between it and other prescription drug benefit plans.

SPONSORED REPORT

2019 State of Financial Reporting Survey

We surveyed nearly 600 finance and accounting professionals on their month-end close and reporting processes. See the results.

VIDEO

What RPA is and how it works

Robotic process automation is like an Excel macro that can work on multiple applications, says Danielle Supkis Cheek, CPA. RPA can complete routine, repetitive tasks such as data entry, freeing up employee time from lower-level chores.