Archive: compliance alert

  • August 10, 2020

    COMPLIANCE ALERT: States Update Employee Leave Requirements for COVID-19

    The latest compliance bulletin briefly describes new state employee leave provisions and guidance enacted or issued in response to the COVID-19 pandemic, along with links to government resources providing further information. Information about similar measures in select major cities is …

  • July 27, 2020

    COMPLIANCE ALERT: DOL Releases More Q&As on Workplace Laws and Coronavirus

    The U.S. Department of Labor (DOL) announced the agency’s publication of additional guidance on applying federal employment laws in the context of the COVID-19 pandemic.

  • July 24, 2020

    COMPLIANCE ALERT: Affordability Percentages Will Increase for 2021

    The IRS issued Revenue Procedure 2020-36 on July 21, to index the contribution percentages in 2021 for determining affordability of an employer’s plan under the Affordable Care Act.

  • July 15, 2020

    COMPLIANCE ALERT: Employers Must Report Pay for FFCRA Leave on W-2

    Employers are required to report the amount of qualified sick and family leave wages paid to employees under the Families First Coronavirus Response Act (FFCRA) on Form W-2.

  • January 9, 2020

    Compliance Alert: Upcoming ACA (Affordable Care Act) Reporting Deadlines

    [vc_row][vc_column][vc_empty_space height=”10px”][/vc_column][/vc_row][vc_row][vc_column][vc_single_image image=”11124″ img_size=”full” alignment=”center”][/vc_column][/vc_row][vc_row][vc_column][vc_row_inner][vc_column_inner][vc_column_text] OVERVIEW Affordable Care Act (ACA) reporting under Section 6055 and Section 6056 for the 2019 calendar year is due in early 2020. Specifically, reporting entities must: File returns with the IRS by Feb. 28, 2020 …

  • December 19, 2019

    Compliance Alert: Final Forms for 2019 ACA Reporting Released

    [vc_row][vc_column][vc_empty_space height=”10px”][/vc_column][/vc_row][vc_row][vc_column][vc_single_image image=”10891″ img_size=”full” alignment=”center”][/vc_column][/vc_row][vc_row][vc_column][vc_row_inner][vc_column_inner][vc_column_text] OVERVIEW On Dec. 9, 2019, the Internal Revenue Service (IRS) released final 2019 forms and instructions for reporting under Internal Revenue Code (Code) Sections 6055 and 6056. 2019 Forms 1094-C and 1095-C (and instructions) will …

  • December 10, 2019

    Compliance Alert: IRS Provides Transition Relief for 2019 ACA Reporting

    [vc_row][vc_column][vc_empty_space height=”10px”][/vc_column][/vc_row][vc_row][vc_column][vc_single_image image=”10759″ img_size=”full” alignment=”center”][/vc_column][/vc_row][vc_row][vc_column][vc_row_inner][vc_column_inner][vc_column_text] OVERVIEW On Dec. 2, 2019, the Internal Revenue Service (IRS) issued Notice 2019-63 to: Extend the due date for furnishing forms under Sections 6055 and 6056 for 2019 from Jan. 31, 2020, to March 2, 2020. Extend good-faith …

  • November 22, 2019

    Compliance Alert: Draft Forms for 2019 ACA Reporting Released

    [vc_row][vc_column][vc_empty_space height=”10px”][/vc_column][/vc_row][vc_row][vc_column][vc_single_image image=”10594″ img_size=”full” alignment=”center”][/vc_column][/vc_row][vc_row][vc_column][vc_row_inner][vc_column_inner][vc_column_text] OVERVIEW On Nov. 13, 2019, the Internal Revenue Service (IRS) released draft 2019 forms and instructions for reporting under Internal Revenue Code (Code) Sections 6055 and 6056. 2019 draft Forms 1094-C and 1095-C (and related …

  • November 12, 2019

    Compliance Alert: IRS Announces Employee Benefit Plan Limits for 2020

    [vc_row][vc_column][vc_empty_space height=”10px”][/vc_column][/vc_row][vc_row][vc_column][vc_single_image image=”10502″ img_size=”full” alignment=”center”][/vc_column][/vc_row][vc_row][vc_column][vc_row_inner][vc_column_inner][vc_column_text] OVERVIEW Many employee benefits are subject to annual dollar limits that are periodically increased for inflation. The Internal Revenue Service (IRS) recently announced cost-of-living adjustments to the annual dollar limits for various welfare and retirement …

  • November 4, 2019

    Compliance Alert: ACA OVERVIEW – 2020 Compliance Checklist

    [vc_row][vc_column][vc_empty_space height=”10px”][/vc_column][/vc_row][vc_row][vc_column][vc_single_image image=”10406″ img_size=”full” alignment=”center”][/vc_column][/vc_row][vc_row][vc_column][vc_row_inner][vc_column_inner][vc_column_text] OVERVIEW The Affordable Care Act (ACA) has made a number of significant changes to group health plans since the law was enacted in 2010. Many of these key reforms became effective in 2014 and 2015, …

  • October 23, 2019

    Compliance Alert: Key HSA Features – 2020 Compliance

    [vc_row][vc_column][vc_empty_space height=”10px”][/vc_column][/vc_row][vc_row][vc_column][vc_single_image image=”10042″ img_size=”full” alignment=”center”][/vc_column][/vc_row][vc_row][vc_column][vc_row_inner][vc_column_inner][vc_column_text] OVERVIEW Health savings accounts (HSAs) are a popular type of tax-advantaged medical savings account available to individuals enrolled in high deductible health plans (HDHPs). Individuals can use their HSAs to pay for expenses covered under …

  • October 18, 2019

    Compliance Alert: Proposed Rule on the Impact of ICHRAs on the ACA’s Pay or Play Rules

    [vc_row][vc_column][vc_empty_space height=”10px”][/vc_column][/vc_row][vc_row][vc_column][vc_single_image image=”9946″ img_size=”full” alignment=”center”][/vc_column][/vc_row][vc_row][vc_column][vc_row_inner][vc_column_inner][vc_column_text] OVERVIEW Beginning Jan. 1, 2020, some employers will be able to offer individual coverage HRAs (ICHRAs) to help employees pay for individual health insurance. ICHRAs were established by a final rule published on June 20, …

1 10 11 12 13 14