Ensuring your business remains in compliance with federal laws and regulations is more important now than ever before. Especially since the IRS increased ACA (Affordable Care Act) penalties for non-compliance with the Employer Mandate. Also, the extension to the American Rescue Plan’s enhanced Premium Tax Credits...
As explained on the official government health care site, the Affordable Care Act has three goals: Make affordable health insurance available to more people. The law provides consumers with subsidies ("premium tax credits") that lower costs for households with incomes between 100% and 400% of the federal poverty...
Last month, a federal judge in Texas ruled that the entirety of the Affordable Care Act (ACA) was unconstitutional due to changes made to the tax code last year. He said, in short, that eliminating the individual tax penalty made the whole law unworkable. The judge...
The 2019 version of Form W-4, Employee’s Withholding Allowance Certificate, was released by the Internal Revenue Service recently. The 2019 form is similar to the 2018 version of the form now in use and retains the use of withholding allowances. You can access this new...
Similar to the last couple years, the IRS announced in Notice 2018-94 that it has extended the due date for employers and insurance companies to provide 2018 Form 1095s to individuals. Applicable large employers (ALES), and small employers who offer self-insured plans, now have until...