Accounts payable vs. accounts receivable: Differences explained

Accounts payable and accounts receivable are opposite but interconnected procedures. One represents expenditures; the other represents…

Optimizing your accounts payable workflow process

Accounts payable (AP) is an important signal in understanding the financial health of a business. By…

Making the most of accounts payable automation

If you are an accountant working within accounts payable, chances are you’ve got an interest in…

What Personal or Family Emergency Expense Distributions Are Permitted Under SECURE 2.0?

QUESTION: We heard that SECURE 2.0 permits certain penalty-free distributions relating to personal or family emergency expenses.…

Court Vacates Portions of ACA Preventive Services Mandate

Braidwood Mgmt. Inc. v. Becerra, 2023 WL 2703229 (N.D. Tex. 2023) A federal trial court has vacated all…

FAQs Address Coverage of COVID-19 Tests and Vaccines After End of Public Health Emergency

The DOL, HHS, and IRS have jointly issued FAQs addressing how group health plans and insurers…

FAQs Anticipate End of COVID-19 National Emergency, Address Outbreak Period Extensions for COBRA and HIPAA Special Enrollment

The DOL, HHS, and IRS have jointly issued FAQs addressing how group health plans and insurers…

Can an Election Be Changed After the Plan Year Has Begun When an Employee Made a Mistake in Completing the Election Form?

QUESTION: One of our employees just noticed that her 2023 pay reflects a salary reduction for DCAP…

Court Reexamines ERISA’s Church Plan Definition After Supreme Court Weighs In

A trial court has reconsidered whether a church-affiliated hospital’s retirement plan was a church plan exempt…

HHS Releases Revised Instructions for Upcoming Prescription Drug and Health Care Spending Reports

HHS has released revised instructions for group health plans and insurers to report prescription drug and…