Posts

IRS/DOL Disaster Relief for Victims of California Wildfires

Yesterday, the IRS issued new guidance expanding tax deadline relief to taxpayers in California who were affected by wildfires, including an extension for filing Form 5500 for their employee benefit plans.  The following California counties are included in the disaster relief area: Butte, Los Angeles and Ventura.  Affected businesses with upcoming deadlines for filing 5500s (and certain tax filings*) that fell between November 8, 2018 and April 30, 2019, now have until April 30, 2019 under the special extension.

*The relief does not extend deadlines for W-2s, employer ACA reporting (forms 1094-C and 1095-C), and certain other information returns.

If you have been affected by the wildfires and are unable to file your 5500s (with original or extended 5500 deadlines falling between the above dates) and wish to use the special extension, please reach out to your Hays Representative or info@hayscompanies.com for specific instructions on how to report on Form 5500 to avoid late filing penalties.

Professional Safety Magazine Features Hays Risk Control Expert

The art of risk assessment requires more than just knowledge — it also requires creativity and imagination to successfully anticipate, recognize, assess and treat potential risks.

Organizations that harness these skills can develop more effective risk management strategies to bolster their strategic goals, says Bruce Lyon, Hays Companies Director of Risk Control, in the cover story for the March 2016 edition of Professional Safety magazine.

The article, entitled, “The Art of Assessing Risk: Selecting, Modifying & Combining Methods to Assess Operational Risks,” written by Lyon and co-author, University of Central Missouri professor Georgi Popov, Ph.D., asserts that highly successful organizations see the value of incorporating creativity to develop effective risk assessment strategies within their risk management plans and operational risk management systems.

The article dives deeper by presenting the sequence of assessing risk and the tools and methodologies used in the Risk Identification, Risk Analytics and Risk Evaluation process. To read more about the financial and non-financial benefits of risk reduction measures, click here.

Professional Safety magazine is published by the American Society of Safety Engineers, a global association of safety professionals founded in 1911. The professional safety society sets the occupational safety, health and environmental community’s standards for excellence and ethics.