News & Insights

What are Forms 1094 / 1095?

Forms 1094 / 1095 are used by employers and health insurance carriers to report coverage and enrollment information to the Internal Revenue Service (IRS) and benefit-eligible employees.

Tick another task off your to-do list by partnering with the right payroll and accounting provider. Having the right partner in your corner can drastically ease the administrative burdens that come with bankrolling a business. Bukaty Companies Payroll & Accounting team offers customized solutions...

Employee surveys, when correctly crafted and utilized, are an employer's cheat sheet to increase employee retention and satisfaction. Knowing what questions to ask, how and when to ask them, and how to interpret the insights gained are markings of an organization in tune with its workforce....

The IRS sets a standard mileage rate to calculate the deductible or reimbursable cost of miles driven for business, charity, medical, or moving purposes. The standard mileage rates for 2025 are

Missouri employers should note the minimum wage increase that went into effect on January 1, 2025, bringing the state’s rate to $13.75 per hour. An updated minimum wage poster must be displayed in a conspicuous and accessible location. Proposition A, passed by Missouri voters on November 4, 2024,...

More than 20 states and municipalities have enacted paid family and medical leave laws in recent years, and the list is growing. A recent DOL advisory opinion clarifies how employer-provided paid leave is managed under the Family and Medical Leave Act (FLMA) when the employee is also entitled to...

Bukaty Companies now integrates our cloud-based payroll software, Inspire^HCM, with our online enrollment tool. This seamless data transfer prevents duplicate data entry and enhances accuracy.

The passage of the Consolidated Appropriations Act (CAA) unleashed a slew of requirements for health issuers and employer-sponsored health plans, including the annual completion of a Gag Clause Prohibition Compliance Attestation (GCPCA). The attestation applies to Employee Retirement Income...

The IRS establishes many of the rates and limits that pertain to health plan compliance, including the affordability threshold and limits associated with flexible spending accounts (FSAs), health saving accounts (HSAs) and high deductible health plans (HDHPs). As a new year approaches plan sponsors...

The Department of Labor’s (DOL’s) final rule regarding overtime pay increases the salary threshold for exempt executive, administrative and professional employees. While the rule went into effect July 1, 2024, employers need to note the upcoming 2025 requirements.