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The IRS has been busy adding to its regulatory agenda. Here’s the latest news from the regulations front.
Under final ACA regulations, employers that have fewer than 25 full-time equivalent employees who earn up to $50,000 (adjusted for inflation), and that make nonelective contributions equal to at least 50% of employees’ health premiums, are eligible for a 50% health care tax credit (35% for nonprofits).
Q: We are about to implement a self-service time and attendance system that will allow employees to view their time cards at home. They’re not required to do this and they couldn’t make any changes to their time cards. Do we need to pay employees for this time?
Q: During the last storm, several nonexempts didn’t have any paid time off available and we didn’t pay them for the days not worked. They’ve since claimed that they worked at home catching up on paperwork, even though this wasn’t directed by management. Most of them work on a manufacturing line, so we’re dubious that they “worked” at home. Could this get us in trouble if we’re audited?
Parents don’t have to decide between work and home if your company’s policies give them the flexibility to deal with these issues.
This is your monthly guide to critical payroll due dates.
You can finally make the Affordable Care Act work for you. Newly proposed COBRA regulations update the model COBRA notices to expand the discussion of the individual Health Insurance Marketplace exchanges, through which COBRA-eligible employees may, instead, buy individual policies.
The IRS has announced the 2015 inflation-adjusted figures for health savings accounts (HSAs) and high-deductible health plans (HDHPs).
The SSA retired its letter forwarding program for good on May 19, 2014. The IRS retired its routine letter forwarding program in 2012. The end of these two programs may put you in a bind if you need to contact former employees about final checks or 401(k) plan distributions and you don’t have their current addresses.