NAV.VC (formerly New Atlantic Ventures) is a seed and early-stage venture capital firm based in Reston, Va. and Cambridge, Mass. The firm invests nationally in technology businesses with a “big idea” in high-growth, emerging mass markets. With current capital of $275 million under management, NAV has collectively helped entrepreneurs start more than 100 companies. The firm’s current portfolio includes investments in over 40 different companies, including Invincea, Bambeco, QuadLearning, […]
The IRS recently released the 2016 annual deduction limits for a health savings account (HSA). These limits are typically adjusted each year for inflation. The 2016 limits are $3,350 for an individual with self-only coverage and $6,650 for an individual with family coverage. Such deductible contributions can only be made to an HSA that is […]
The IRS recently released yet another notice (2015-17) related to health coverage reimbursements for small employers, including many startups and technology companies. Small employers (those with 50 or fewer employees or full-time employees in 2014) will be glad to know that this new notice actually brings some good news, as the preceding related notices generally […]
Employees that participate in flexible spending accounts (FSAs) can finally be less worried about forfeiting their unused funds. The Treasury Department recently announced that the infamous “use-or-lose” rule will be relaxed. Employers that sponsor an FSA arrangement are now permitted to allow participants to carry over up to $500 of unused funds from year to year. […]
The Internal Revenue Service recently established a webpage specifically designed to assist with the tax provisions associated with the Affordable Care Act: http://www.irs.gov/uac/Affordable-Care-Act-Tax-Provisions-Home If you should have any questions regarding above, please contact Mark Flanagan of Aronson’s Employee Benefit Plan Services Group at 301.231.6257.