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News Updates

 
(Tampa, FL; November 21, 2017) – Sullivan is pleased to announce that effective today, it is naming Catherine Ratcliffe, current Chief Operating Officer, as Partner. Catherine has been with the employee benefits brokerage for over 16 years and has become a well known expert in the field.
“Catherine has worked with me from the …

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HIGHLIGHTS

The IRS recently announced cost-of-living adjustments to the annual dollar limits for employee benefit plans.
Many of these limits will increase for 2018.
In 2018, employees may contribute more money to their HSAs, health FSAs and 401(k) accounts.

OVERVIEW
Many employee benefits are subject to annual dollar limits that are periodically …

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IMPORTANT DATES
Oct. 19, 2017
The IRS announced the health FSA dollar limit for 2018.
Tax Years Beginning in 2018
The $2,650 dollar limit on employee salary reduction contributions to health FSAs applies for these years.

The Affordable Care Act (ACA) imposes a dollar limit on employees’ salary reduction contributions to health flexible spending …

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IMPORTANT DATES
October 13, 2017
The IRS reversed its policy on accepting returns that do not include health coverage information.
April 15, 2018
Individual tax returns for the 2017 tax year are due.

OVERVIEW
On Oct. 13, 2017, the Internal Revenue Service (IRS) reversed a recent policy change in how it monitors compliance with …

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Changes for 2018

Certain percentages and dollar amounts have changed for 2018:

Cost-sharing limits
Coverage affordability percentages
Maximum penalties for ACA reporting violations

Expected Changes for 2018
Other updated amounts have not yet been announced, but may change for 2018, including:

Health flexible spending account (FSA) salary contribution limits
Dollar amounts …

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What Others Say About Us

We are a company that likes to think outside of the box and we ask tough questions. We tell them what we want, and Sullivan will come back and tell us how we can do it. They have been very good with that.

Brian AlbertCFOTampa Tank Florida Structural Steel
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