Penalty Waivers for Good Faith Efforts

We would like to remind you that employee statements (Forms 1095-B and/or 1095-C) are due to be distributed to your full-time employees – and covered individuals, if you sponsor a self-insured plan – by March 31, 2016. Forms may be distributed by hand, mail or electronically (if the employee/covered individual consents to electronic distribution). Separately, the forms, coupled with Forms …

Did you know that I-9 forms have an expiration date?

The current version of the Department of Homeland Security Employment Eligibility Verification Form (I-9) has an expiration date of March 31, 2016. On March 28, 2016, USCIS published a 30-day notice in the Federal Register (FR) inviting public comment on proposed changes to Form I-9, Employment Eligibility Verification. The public may provide comments on the proposed changes for 30 days, …

Security Robot

Residential Robotic Security Guard introduced at CSE

Is there a robot in your security future? Possibly, yes and may be quite soon. Robots working as security guards have already taken a role in detective fiction. But now real apps are arriving in force. At the recent Consumer Electronics Show, LG introduced a robotic vacuum that interfaces with a smartphone. The user identifies “the area needing cleaning” via …

WOTC Transitional – Relief is here!

As anticipated, IRS has just issued guidelines for a Transitional Relief period which allows employers to screen select employees for WOTC eligibility. Released earlier today, March 8, 2016, IRS Notice 2016-22 provides the following guidance: Transitional relief period covers hired members of targeted groups on or after January 1, 2015 to on or before May 31, 2016. This covers all …

Tax Extenders Renewed | WOTC Program and Other Extenders Renewed

On Friday, December 18, 2015, President Obama signed into law H.R. 2029 – Consolidated Appropriations Act, 2016. This measure is the vehicle for the Consolidated Appropriations Act, 2016 and the Protecting Americans from Tax Hikes Act of 2015, in which the tax extenders have been renewed for various periods and, in some cases, expanded. The compromise legislation included both the …

What is the purpose of the ACA reporting – Forms 1094-C and 1095-C?

Form 1094-C – Transmittal of Employer Provided Health Insurance Offer and Coverage Information Returns File with the IRS as a transmittal document for Forms 1095-C, Employer Provided Health Insurance Offer and Coverage. Provides a summary to the IRS of aggregate employer-level data. Helps the IRS determine whether an employer is subject to an employer shared responsibility payment and the proposed …

"FT / PT" employee codes – WHY IS THIS SO IMPORTANT?

For ACA purposes….”FT” and “PT” should be established by the employer at time of hire for any new employee. A Full Time “FT” employee is an individual who when hired, was hired into a position which is clearly known in advance the individual will be employed for at least 30 hours per week. For a “FT” employee, the employer has …

2016 – New Reporting Regime under ACA

In light of the upcoming February 1, 2016 deadline for employers to provide their employees with the new Form 1095-C, we have compiled the following list of questions we most frequently receive about this complex new reporting regime under the ACA. Which form(s) do I need to complete: the 1095-C or the 1095-B? The form or forms you will need …

What is your ACA Solution?

Do you have 200 full time employees and 800 variable hour employees? What is your ACA Solution? Possible strategy #1…  Offer comprehensive “Minimum Value” health benefits to full time employees after 60 waiting period Offer “Minimum Essential Coverage (MEC)” health plan to variable hour employees after 60 day waiting period Single rate of MEC is $100 per month 50% enrollment …