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 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.
October 25, 2022

Key HR Metrics You Need to Track: Part One

As the workforce continues to be flipped on its head, monitoring employee performance and measuring productivity to ensure that employees reach their potential while maximizing the cost benefits to the company continues to be of utmost importance to HR. That’s why it is critical that HR has a strategic plan in place to define objectives and goals, measure growth, performance, outcomes, and potential risks – including anything that could potentially impact the company’s bottom line.
August 19, 2022

So you missed the 7/31/22 deadline for restating pre-approved 401(k) plans…now what?

To remain in compliance with the tax law, pre-approved plan providers must update their plan documents and obtain approval letters from the IRS every six years. The adopting employers then have a set period of time-about two years-to adopt the updated plan document. The adoption deadline for the latest plan amendment cycle (Cycle 3) was July 31, 2022.
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