You do if you’re located in Washington, DC. Today, a new rule effective today requires employers with at least 20 employees to offer transit benefits if the employee spends at least 50% of his or her time working in DC or is based in DC, performs a substantial amount of work in DC, and less than 50% in any other state. Severe penalties can result for employers that fail to comply. Similar rules are already in effect in New York City and San Francisco.
New blog post today! Estate Tax Planning for Business Owners
