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In This Issue
Finding and Fixing Your Own Noncompliance
During the 2016 Legislative Session, the N.C. Assisted Living Association (NCALA) was instrumental in bringing about passage of House Bill 667 which modified existing law on assisted living (AL) surveys, citations and sanctions. The Poyner Spruill Health Law Team, in our role as General Counsel for NCALA, was honored to play a part in the drafting and passage of HB 667.
Federal Tax Reform Adds Tax Credit for Paid FMLA Leave
The federal tax reform, signed into law on December 22, 2017, added a potential tax credit for employers who provide paid family and medical leave to their employees.
Tax Reform Curbs Fringe Benefits
The Tax Cuts and Jobs Act was signed into law on December 22, 2017. The Act modifies the tax consequences of certain employer-provided fringe benefits, including those related to transportation, moving, meals, entertainment and employee awards. The Act also has some surprising implications for nonprofit entities that provide certain fringe benefits to employees. To avoid potential penalties and surprising tax consequences, companies should take action now to assess their benefit arrangements and their accounting systems.