This New Year Resolve to Review Your Insurance

| posted in Blog, Newsletter

While you may have made some good New Year’s resolutions, to make sure that you are not leaving anything to chance you should also revisit your insurance policies. You may have acquired new property, upgraded your home or bought new stuff for your house and, considering the increasing risks of natural catastrophes, you may now have more risk than you’re aware of. By taking a little time, you can ensure you’re adequately protected and that you won’t have any unpleasant surprises if you have to file an insurance claim. We recommend you do the following: Talk to us Call us…
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Important Employer Advisory for Applicable Large Employers

| posted in Blog

The IRS is on the move and Applicable Large Employers should take notice.  Remember, the ACA defines an Applicable Large Employer (ALE) as one with 50 or more full time equivalent employees. Those with 100+ full time equivalents have been subject to its Employer Shared Responsibility provisions, also known as “the employer mandate”, since 2015.  Early last month, the IRS announced their intent to begin sending notices (called Letter 226J) to these employers during the last six weeks of 2017, advising them that they owe a payment (“ESRP”) to the IRS based on the information reported to them on Forms…
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IRS Sends out ACA Compliance Letters, Employers Have 30 Days to Respond

| posted in Blog

The IRS has started sending out letters to employers who have failed to comply with the Employer Shared Responsibility provisions under the Affordable Care Act for the year 2015. The IRS seems to be moving forward with notifying employers after attempts to repeal and replace the ACA failed in Congress and since there has been no further rule-making, guidance or legislation that rolls back enforcement of the employer mandate. The IRS will send Letter 226J to applicable large employers (ALEs) if it determines that at least one full-time employee received a subsidy in 2015 in a marketplace to purchase qualified…
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IRS in Full Swing on ACA Compliance Despite Uncertainty

| posted in Blog

Despite the lull in activity in Washington on the future of the Affordable Care Act and the threats by President Trump to sink the law by not enforcing regulations, the IRS is in full swing in ensuring compliance. The agency in August released new draft IRS forms for use by applicable large employers (ALEs – or companies with 50 or more full-time or full-time equivalent employees) to report health insurance information for their workers. The agency also released the filing schedule for reporting employee health insurance data as required by the ACA for the 2017 tax year. Furthermore, the IRS…
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