March 13, 2023

ACA Mailbag: Commonly Asked Questions about 1095-C Forms

As part of the annual requirements, Applicable Large Employers must furnish Forms 1095-C to full-time employees and covered individuals and file Forms 1094-C and 1095-C with the IRS. Additionally, employers with operations in select states must comply with state-specific filing and furnishing requirements.
March 1, 2023

Summary Plan Descriptions – FAQs and Deadlines to Remember

Qualified employees use Form W-4 to tell employers not to deduct any federal income tax from their wages. Details including the employee’s filing status, multiple job adjustments, amount of credits, amount of other income, deduction amounts, and any additional amounts the employee is requesting to be withheld from each paycheck will all be used to calculate how much federal income tax to deduct and withhold from the employee’s pay.
February 20, 2023

All About Form M-1, Multiple Employer Welfare Arrangements, and Association Health Plans

Qualified employees use Form W-4 to tell employers not to deduct any federal income tax from their wages. Details including the employee’s filing status, multiple job adjustments, amount of credits, amount of other income, deduction amounts, and any additional amounts the employee is requesting to be withheld from each paycheck will all be used to calculate how much federal income tax to deduct and withhold from the employee’s pay.
February 13, 2023

Breaking Down Medicare Part D: Disclosure Notice to CMS

Qualified employees use Form W-4 to tell employers not to deduct any federal income tax from their wages. Details including the employee’s filing status, multiple job adjustments, amount of credits, amount of other income, deduction amounts, and any additional amounts the employee is requesting to be withheld from each paycheck will all be used to calculate how much federal income tax to deduct and withhold from the employee’s pay.
February 6, 2023

Overview: ACA Forms 1094 with 1095 to the IRS

Qualified employees use Form W-4 to tell employers not to deduct any federal income tax from their wages. Details including the employee’s filing status, multiple job adjustments, amount of credits, amount of other income, deduction amounts, and any additional amounts the employee is requesting to be withheld from each paycheck will all be used to calculate how much federal income tax to deduct and withhold from the employee’s pay.
February 1, 2023

Form W-4: How to Ensure Employees Properly Claim Exempt Status

Qualified employees use Form W-4 to tell employers not to deduct any federal income tax from their wages. Details including the employee’s filing status, multiple job adjustments, amount of credits, amount of other income, deduction amounts, and any additional amounts the employee is requesting to be withheld from each paycheck will all be used to calculate how much federal income tax to deduct and withhold from the employee’s pay.
January 16, 2023

The OSHA Form 300A Explained…

The OSHA Form 300 is used by employers to record all reportable injuries and illnesses that occur in the workplace each year, including details of each incident. Employers are required to complete the OSHA Form 300 log (unless they are exempt), and post an annual summary (Form 300A) in their workplaces from February 1 until April 30 of each year.
January 3, 2023

Affordable Care Act Requirements for Form W-2 Reporting

Applicable Large Employers (ALEs) who are subject to this requirement, including businesses, tax-exempt organizations, and federal, state, and local government entities (not including plans primarily for military members and their families), must include the portions paid by both the employer and the employee. Health care coverage for retirees or former employees who would not normally receive a W-2 from an employer are exempt from this requirement.
December 1, 2022

Disclosure Notice to CMS for Medicare Part D-Eligible Individuals

Plan sponsors that provide prescription drug coverage to Medicare-eligible individuals must also disclose to CMS annually whether the coverage is creditable or noncreditable. This disclosure must be made no more than 60 days after the beginning of each plan year.
December 14, 2022

About Form 941: Employer’s Quarterly Federal Tax Return

Known as the Employer’s Quarterly Federal Tax Return, Form 941 replaced Form SS-LA, which was previously used for Social Security Administration (SSA) tax reporting, and Form W-1, which was used for IRS federal income tax reporting. Businesses use Form 941 to report federal income tax withholding, Social Security tax, Medicare tax, Additional Medicare tax, and more recently, the coronavirus (COVID-19) pandemic tax credits.
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