Change to FSA “Lose it or Lose it” Rule

Yesterday, the Department of Treasury announced a major policy change that will impact Flexible Spending Account (FSA) plans. In what is being hailed as a hugely positive development for administrators, employers, and FSA participants, the Treasury has modified the "use it or lose it" provision to allow for a limited rollover of FSA funds. Details are as follows: Effective for the 2014 plan year, employers will have the option to allow FSA plan participants to roll over up to $500 of unused funds at the end of the plan year. Effective immediately, employers with an FSA plan that does not include a grace period will have the option to allow current FSA plan participants to roll over up to $500 of unused funds at the end of the 2013 plan year. RTS will continue to apprise its members of critical information impacting them as employers and contributing to their profitability and overall success! … [Read more...]

Important Update!

Today, the Obama administration announced that the employer mandate aspect of the Patient Protection and Affordable Care Act (PPACA) will be delayed by one year. This mandate requires businesses with 50 or more workers to provide health insurance coverage to employees. As a result, the administration will start enforcing the mandate in 2015, rather than January 1, 2014, in an effort to give businesses more time to prepare. There will be additional changes tied to this delay, and the administration has stated that they will provide formal guidance within the next week. Retail Tire Solutions is working hard to understand the specifics surrounding this ruling, and will continue to provide updates through Legislative Alerts and on our blog - … [Read more...]

The Fewer Ideas the Better

Limit your ad to one major idea and sell it fully. Discussing too many things in one ad confuses your readers and dilutes the power of the sell that you can put behind just one key idea. … [Read more...]

Arizona minimum-wage workers to get 30-cent raise


Arizona’s minimum-wage workers will get a raise of 30 cents per hour on Jan. 1. The state minimum wage will go from $7.35 to $7.65 per hour next year, thanks to a cost-of-living formula tied to consumer prices and inflation. That translates into a $625 annual boost for minimum-wage workers in the state, who will make $15,900 in 2011 if they work full-time hours, compared with $15,288 this year. The federal minimum wage is $7.25 per hour, but Arizona voters approved Proposition 202 in 2006, which ties the minimum wage to inflation, resulting in annual increases if the cost of living goes up. … [Read more...]

4 Tips For Effective Benefits Program


The newly-formed Essential Health Benefits Coalition has four tips for feds as they design an essential benefits package: •The essential health benefits package must be affordable. It should provide basic services that Americans need to protect their health, not coverage for every treatment we might want. •The package must be flexible. It should give individuals and employers the choice to purchase a range of plans and options, and it must allow for flexibility in insurance design and cost-sharing arrangements. •The package should make it easier for employers to offer and individuals to obtain coverage. What our economy needs is for businesses to grow and hire more workers – a benefits package that is too expensive will hinder business and job growth. •The package must consider all costs associated with its development. Taxpayer costs will greatly increase if more employers are priced out of offering coverage, further threatening America's fiscal future. It is important … [Read more...]

IRS Deadline for Merchants is Approaching, Is Your Business Compliant?

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This past year, Congress passed a new law requiring merchant processors and acquirers to validate their merchant’s Tax Identification Numbers (TINs) by January, 2012. The law originated with the federal government’s concern about finding unreported or under reported taxable business revenues. The law is designed to help the IRS match income from sales paid with payment cards to income claimed on tax returns.   The new law will collect an estimated $10 billion in additional IRS revenue over the next 10 years. The merchant acquirers and payment settlement entities must file annual reports for each merchant listing the merchant’s monthly gross receipts from electronic payment transactions.  In addition, they must complete a new IRS form, 1099-K which matches the TIN with the legal business name. What does all of this mean for you, the merchant? A card accepting business encounters problems if the TIN and legal name on file with your merchant account provider (acquirer) does not … [Read more...]

Durbin Amendment Regulates Debit Card Fees beginning October 1, 2011

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The final ruling on the Durbin Amendment to the Dodd-Frank Act was passed this summer in 2011.   Senator Richard Durbin added this amendment to the Dodd-Frank Wall Street Reform & Consumer Protection Act last minute. It’s officially known as Section 920 of the Electronic Fund Transfer Act (EFTA) of Dodd-Frank.  Here’s what it means for all of us. The Amendment reads an October 1st, 2011 deadline for implementation.  All Card Issuing Banks with assets greater than $10 billion must cap the interchange fees associated with debit cards for both signature and PIN debit. Card issuing banks with assets less than $10 billion are excluded from the Amendment.  Moving forward, the big banks will be looking for ways to replace a good portion of the $1.3 billion in swipe fees that are collected each year from retailers.  In fact, many big banks have already implemented monthly debit card fees for card holders and removed rewards programs associated with debit cards issued to … [Read more...]

Phoenix Seminar – Set June 23rd

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The Phoenix Seminar is set! I am giving a seminar on behalf of TCi, Tire Centers on June 23 from 9AM to 3PM @ The Phoenix SkyHarbor Marriott. The Seminar is part of my "The Independent Tire Dealer Guide" series and is entitled "Competing with Large Chains". Since TCi is picking up the tab, the cost is free. All attendees will also receive a special "Tire Buy" from TCi on June 24th. You can register for Tickets at the botton of this post. I hope to see you there! Online Ticketing for The Independent Tire Dealer's Guide to Competing with Large Chains powered by Eventbrite … [Read more...]

Switching over to WordPress

Just a quick post to let you know that I am in the process of switching my site over to WordPress from iWeb.  WordPress will give me a lot more flexibility to incorporate some new content.  In the mean time, you can still access my old site here. I hope to have this new site up to snuff in the coming days. Thanks! Pat … [Read more...]

Question: Which is better—Email vs. Postcard Reminder? Answer: Both!


Regularly communicating with your customers increases sales.  The key to success is sending the right message, to the right customer, at the right time – that’s why service reminders work so well at bringing customers back into your shop. Out. I still usually it wrapping expensive. Live was cheap viagra a Wash nothing special tiniest perfect natural put? Maintain was usual of size each in me - scalp plants this tried it says - when have. And but schedule. My. For now in it baby. Feels and few electric still reviewer I thumbs when? canadian pharmacy in naples fl- canada pharmacy cialis online- issues in pharmacy canada- pharmacy online- trusted online pharmacy discount pharmacy = how much is viagra per pill = viagraonlinepharmacy-cheaprx = university of the pacific pharmacy = pharmacy walmart cialis online buy viagra online does generic viagra work how to get viagra without a prescription genericcialisnorxbest cialis … [Read more...]