The EEOC recently proposed regulations on wellness plans that focus on disability discrimination under the Americans with Disabilities Act. Although these proposed regs hew closely to the IRS’ rules, there are some significant differences.
The Department of Labor’s proposed regulations raising the salary limit exempt employees must earn aren’t complicated, so the DOL can probably get them out in final form quickly. Don’t wait for the final regs; you need to develop a compliance strategy now.
NACHA—the electronic banking organization that makes direct deposit and other electronic transactions possible—has revised its operating rules to allow for the same-day settlement of electronic transactions, such as payroll.
Here’s your monthly guide to critical payroll due dates.
Beginning next year, you must provide all full-time employees with Form 1095-C to report offers of health insurance. The IRS reiterates that all large employers (i.e., those with at least 50 full-time employees, including full-time equivalent employees) must provide full-time employees with forms, even employees who turn down offers of coverage, and file those forms by the W-2 deadlines. To help you jump-start your Form 1095-C reporting, the IRS has released draft versions of Forms 1095-C and 1094-C.
This chart lists the states and the test that each uses to determine workers’ status.
Beginning this year, the IRS must send you notices of your old and new address, if your mailing address for tax purposes changes.
Information return penalties are going up. Way up. Included as part of the Trade Preferences Extension Act of 2015 is a provision that increases penalties for failing to file Forms W-2, 1099 or 1095-C, or to provide forms to payees. Beginning with forms required to be filed next year, penalties increase as follows
Fewer full-time employees may elect COBRA coverage these days, because they can qualify for a premium tax credit and get a better deal on health insurance through the individual health exchange. But high earners, who make too much to qualify for a tax credit, may still elect COBRA. How you report COBRA on Form 1095-C depends on the reason COBRA was offered. FAQs from the IRS detail these reporting requirements.
This month we return to Las Vegas and the American Payroll Association’s 33rd Annual Congress to cover questions fielded by reps from the Department of Labor.