Important Employer Advisory for Applicable Large Employers

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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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2016 ACA Compliance Checklist

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This is the year that the rubber really hits the road for employers with 50 or more full-time workers. The Affordable Care Act employer mandate for organizations with 50 to 99 employees takes effect this year, meaning that if you haven’t been offering your staff coverage before, you are now required to do so. There are also new reporting requirements for employers both in terms of submitting documents to the Internal Revenue Service as well as to your employees. As the New Year gets underway, read this refresher so you don’t miss a beat and expose your business to penalties….
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Top 10 Laws and Regulations Affecting Business in 2016 (Part 1)

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AS WITH every New Year, businesses are faced with a slew of new laws and regulations. We’ve condensed them into a list of the top 10 most likely to affect your operations. 1. New teeth to gender equal pay laws A new state law adds teeth to the laws on gender pay equality. Before SB 358, employees seeking to prove pay discrimination had to demonstrate that they are not paid at the same rate as someone of the opposite sex at the same establishment for “equal work.” Under the new law, the requirement of “same establishment” has been deleted, and…
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Start Educating Your Workers on Affordable Care Act Tax Forms

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While we’ve told you about the various forms you may be required to submit as part of your responsibilities under the Affordable Care Act, your employees may not be aware of what’s coming. Chances are, they’ll likely be confused by the new form 1095-C, which all applicable large employers must provide to them along with their W-2 by the end of January 2016 – and about what they are supposed to do with it. The problem with this form is that it only states what the employee was offered, and not the health insurance that they chose. That information will…
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