Employee Benefits

The U.S. Department of Labor clarified how employers can offer health savings accounts (HSAs) to employees without triggering Employee Retirement Income Security Act (ERISA) requirements. Field Assistance Bulletin 2006-02 ( www.dol.gov/ebsa/regs/fab_2006-2.html ) explains some points that have continued to draw questions from employers since a bulletin two years ago (2004-01).

The latest guidance clarifies that HSAs do not constitute employee benefit plans under ERISA even when employers pay account fees on behalf of employees, or when employers open accounts for employees and deposit funds without asking employees’ consent.


6 key areas of change for accountants and auditors

New accounting standards on revenue recognition, leases, and credit losses present implementation challenges. This independently-written report identifies the hurdles that accounting professionals face and provides tips for overcoming the challenges.


How tax reform will impact individual taxpayers

Amy Wang, a CPA who is a senior technical manager for tax advocacy at the AICPA, answers to some of the most common questions on how the new tax reform law will impact individual taxpayers.