As more and more resources are being dedicated to cybersecurity and breach prevention, the bad actors are increasingly diverting their hacking activity towards soft target smaller businesses that are easily accessible, more vulnerable, and relatively unprotected.
On March 11, 2021, the American Rescue Plan Act (the “Act”) was signed into law by Pres. Joe Biden, with several provisions relating to expanded access to healthcare during the COVID-19 pandemic. This compliance update focuses on: (1) a 100% subsidy of COBRA premiums during the period of April 1, 2021 through September 30, 2021; (2) Increases in annual contribution limits for the dependent care assistance program (DCAP); and (3) a voluntary employer extension of FFCRA Paid Leave & Tax Credits.
On December 27, 2020, President Trump signed into law the Consolidated Appropriations Act, 2021 (the “Act”), which included the newest federal COVID-19 relief legislation. Although the Act focuses on a number of items, including financial relief for individuals and businesses, there are several sections that affect employers.
We’re excited to begin a new chapter of Ansay & Associates’ history in 2021. The year will mark the company’s 75th anniversary since my father, Adolph, founded Ansay & Associates in 1946. It’s remarkable to reflect on how much has changed – especially technology – since that time.