Compliance
Compliance Alerts
The Business Implications ofthe DOL’s New Independent Contractor Rule
On Jan. 9, 2024, the U.S. Department of Labor (DOL)released a final rule, effective March 11, 2024, revisingthe agency’s guidance on how to analyze who is anemployee or independent contractor under the FairLabor Standards Act (FLSA). This final rule rescinds...
FDA Approved 50% MoreNovel Drugs in 2023
The U.S. Food and Drug Administration (FDA)approved 55 new treatments in 2023, a nearly 50%increase from the year before. The 2023 figuremarked the highest number of approvals since theCOVID-19 pandemic.The FDA typically approves 45-50 new drugs eachyear, with a...
IRS Announces 2024 Standard Mileage Rates
On Dec. 14, 2023, the IRS announced the 2024 optional standard mileagerates, which are used to calculate the deductible costs of operating anautomobile for business, charitable, medical or moving purposes.The 2024 standard mileage rates for the use of a car (also...
Top Health Plan Compliance Issues for 2024
Employers should be aware of the top compliance issues that impact theirhealth plan coverage for 2024. Some of these compliance issues areestablished requirements for employers, such as the expanded electronicreporting requirement under the Affordable Care Act (ACA)....