January 2018

HR Extras

No changes to TASB Model Contracts

There will not be any changes to the TASB Model Contracts in 2018. The 2017 TASB Model Contracts and related documents are available in the HR Library.

Standard mileage rate increase now in effect

The Internal Revenue Service (IRS) announced a one-cent increase in standard mileage rates for the 2018 calendar year, which became effective January 1.

  • 54.5 cents for every mile of business travel driven, up 1 cent from the rate for 2017
  • 18 cents per mile driven for medical or moving purposes, up 1 cent from the rate for 2017
  • 14 cents per mile driven in service of charitable organizations

For more information, view the press release from the IRS.

Deadline to supply ACA forms to employees extended

The deadline to distribute 2017 health coverage information forms to employees has been extended 30 days to March 2, 2018.

The IRS announced the extension in late December and will not impose penalties on employers who conveyed good-faith efforts to comply with the Affordable Care Act’s (ACA) information reporting requirements for plan year 2017. The deadline for reporting to the IRS hasn’t changed.

For more details, view the SHRM report or the IRS Notice 2018-06.

IRS issues new paycheck withholding tables

After the enactment of the 2017 tax act, the IRS has issued revised tax withholding tables for employees’ paychecks as well as withholding guidance this month to reflect the legislative changes.

SHRM has detailed information about the withholding tables and useful tips for employers on its website