Posted by: jenzisser | May 4, 2020

Giving Tuesday Now

charity

Giving Tuesday Now is May 5, 2020 and I want to encourage you to take time to consider what your business could do to unite, even if from afar, to make a difference not only on this day but beyond.

From very early in my life, I understood that giving back is important – whether of time, talent or treasure. As a business owner, it’s an integral part of my business culture and how we tick. All of us at TASC are ready for tomorrow and Giving Tuesday Now. This is a global day of giving taking place on May 5, 2020 as an emergency response to the extraordinary need caused by COVID-19.

It is our hope that this event will bring giving back to the forefront of people’s minds. Giving has been steadily decreasing for some time. According to Giving USA’s 2019 Annual Report, individual giving has decreased from 70% of overall giving in 2017 to 68% in 2018. This is the first time giving by individuals has fallen below 70 percent of overall giving since at least 1954. Unless something changes this trend is likely to continue.

We start with Giving Tuesday Now, a day dedicated to giving and then we build upon it. The Greater Give supports and provides the construct for sustainable charitable giving to help employers easily implement workplace giving initiatives that empower the Everyday Philanthropist® through the Everyday Philanthropist Act (H.R. 4002).

The recent Coronavirus Aid, Relief, and Economic Security (CARES) Act allows for two important changes to charitable giving for the 2020 tax year: the temporary partial Universal Charitable Deduction (UCD) and expansion of the limitations on larger giving. The Greater Give is supportive of any proposal or legislation that will encourage and expand charitable giving. We applaud legislative proposals that foster a culture of giving back, especially in these chaotic and challenging times.

These changes are a good first step, but these provisions will only apply for this year. We need a lasting solution and we’ve got one: The Everyday Philanthropist Act. We are working with legislators on this groundbreaking legislation to encourage giving by allowing employees to set aside up to $2700 pretax for the purpose of donating to the causes they care about. This would be a permanent improvement that facilitates a culture of giving.

The Everyday Philanthropist Act would give employers the opportunity to empower employees to give back and provide incentives for their business at the same time through tax savings. This compels more giving and increases the resources available to help our neighbors in need which benefits entire communities, bringing businesses and employees together.

It’s a win-win-win!

Please join me in making a contribution to your favorite cause on Giving Tuesday Now and please consider joining the movement to make Everyday Philanthropist Act a reality that helps inspire giving all year around.

Posted by: danielrashke | April 28, 2020

TASCresponds.com

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TASC doesn’t react, we respond. For over 45 years, TASC has been centered around the needs of our clients and participants and in these times of change and uncertainty this remains our focus.

It’s not just during times of uncertainty, TASC is always proactive and adaptable and will continue to innovate solutions and options for employers to have information at their fingertips to make the most informed decisions for their business as well as have access to tools to be successful regardless of circumstance.

TASC responds.com was created to make information relating to COVID-19 and the ever-evolving legislation surrounding changes to employee benefits simple and accessible for everyone, whether they are a TASC customer or not. We are providing the tools so that employers can make the most informed decisions for their business and their employees. We also want to show the potential plan changes that can be made to best serve employees and employers.

We offer a number of new options for benefit accounts at TASCresponds.com such as the a Crisis Fund Account and a Home Office Account.  These accounts, and more, help employers and employees during the current COVID-19 situation but can also prove essential following this crisis as some social distancing guidelines and restrictions continue.

We also share important updates on legislation and how to comply in The Benefits Coordination and Compliance section as well as providing tools and advice as well as a one-stop-shop for information and next steps.

Finally, The Plan Configurations and Elections section helps employers navigate changes to dependent care, grace periods and runouts and things to consider before changing to existing plans or adding new ones. We also share ideas for lesser known concepts such as adding a special giving campaign. We are privileged to have experience in that area as we help serve the U.S. Department of Office Personnel and Management (OPM) with their Combined Federal Giving Campaign (CFC). Now they are implementing a special giving campaign.

Their Special Giving Campaign approved Federal Government departments and agencies to solicit employees and retirees to donate to charitable organizations that are being asked to do more than ever to help people affected by COVID-19.

TASC provided OPM tools that employees, military personnel and retirees use to donate to charities important to them. They can set up a one-time or recurring gift through payroll deduction or bank drafts.  Our TASC Giving app makes it simple, safe and secure way to give from the comfort of their home.

It’s the first time that a campaign like this has happened under the new regulations and provides the opportunity for gainfully employed people to help those who are struggling. We are proud to help make this possible.

When we respond and not react, we clear a path to resilience and growth that makes the world clearer for us all. Visit us at TASCresponds.com to learn more.

Posted by: danielrashke | March 27, 2020

TASC Doesn’t React; We Respond

Posted by: danielrashke | February 11, 2020

HSAs have become high-profile fraud targets

Posted by: danielrashke | December 23, 2019

The Innovation of Things

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