On June 21, 2018, the Department of Labor issued a final regulation (29 CFR 2510.3-5) which will allow smaller employers to provide health care coverage for their employees at a lower cost. These programs are called Association Health Plans (AHPs) and can begin operations as early as Sept. 1, 2018.
If you are an employer who provides a Health Reimbursement Account (HRA) for your employees, you may have an obligation to file an annual IRS Form 5500 for that program.
The IRS recently issued a notice which extends the time that employers can provide forms 1095-B and 1095-C to employees. While some employers may view this extension of time as a welcome relief, employers should make every effort to provide these forms to their employees as soon as possible.
The IRS recently announced that it is now issuing penalties for employers who have violated the employer mandate for the 2015 tax year. Employers who delegated that responsibility to employees who didn’t understand the complex coding requirements, may now be faced with significant costs.
In January, President Trump signed an executive order regarding the Affordable Care Act. Many employers hoped that this executive order, along with significant anti-ACA sentiment in Congress, would result in the ACA being repealed. As of today, that has not happened.
Learn what employee fringe benefits your business may have based on its legal form of entity.
On December 13, 2016, President Obama signed the “21st Century Cures Act” which could impact employers who are not subject to the Affordable Care Act (ACA) because they have fewer than 50 full-time equivalent employees.
On November 18, 2016, the IRS issued Notice 2016-70, which extends the time that employers can provide IRS Forms 1095-B and 1095-C to employees.
The IRS is now warning taxpayers of fake e-mails which attempt to convince the recipient to pay for a false penalty relating to the Affordable Care Act.
Final DOL regulations on which employees will be entitled to overtime pay will impact businesses in 2016 and beyond. Learn how they may affect your company.