Flyte Blog

Latest Posts From Flyte

Labor Poster Update Requirement

May 26th, 2023|

Flyte's automated Labor Law Posters will keep your business up-to-date and compliant! As soon as the laws or regulations change on the State or the Federal Level, a new poster will be sent, and/or an email will arrive alerting you of the update. Posting Update Summary MAY [...]

Health FSA and the IRS Substantiation Requirements

May 23rd, 2023|

On March 29, 2023, the IRS released Memorandum #202317020, which highlights the need to comply with Health FSA reimbursement requirements when substantiating medical and dependent care expenses. In this discussion, we'll explore the consequences of not following the IRS substantiation requirements correctly under a Health FSA provided in [...]

ICHRA and Section 125 Plans = Greater Tax Savings

May 14th, 2023|

Offering employee benefits and more importantly, flexible benefits can be costly. One very affordable solution for employers that offers flexibility in employees choosing their own insurance policies and a menu of benefits is combining a Section 125 Cafeteria Plan with an Individual Coverage Health Reimbursement Arrangement (ICHRA). [...]

ICHRA Reimbursement – 3 Strategies You Should Know

April 14th, 2023|

ICHRA, or an individual coverage health reimbursement arrangement, has numerous strategies for how it can reimburse individual premiums. Setting up an ICHRA reimbursement plan for your employees is easy once you know these strategies. Some strategies employ reimbursing a flat dollar amount by class of employee, reimbursing [...]

Common HR Compliance Risks for Start-Ups

January 31st, 2023|

HR is Often Overlooked During the Startup Years Often, start-up companies prefer the freedom to focus limited time and resources on their industry specific objectives rather than on becoming subject matter experts on human resource management and compliance. However, it’s imperative across all industries to address these [...]

ICHRA anytime!

Did you know you can setup an ICHRA the 1st of any month?

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