In 2015 the DOL and IRS launched a joint Worker Classification Initiative to combat employee misclassification, and to ensure that workers get the correct wages, benefits and protections that their classification allows. In recent years the DOL awarded $10.2 million to 19 states to implement or improve worker misclassification detection and enforcement initiatives in unemployment insurance […]
Read about employee benefits administration topics like health insurance, open enrollment, employee self service, and taxation.
ACA Filing and Reporting Deadlines for Tax Year 2017 Form 1095-C The first form due for ACA tax year 2017 is the Form 1095-C, due to employees by Wednesday, January 31, 2018. Employers are still responsible for filing copies of Form 1095-C with the IRS by Wednesday, Feb. 28, 2018 if filing by paper or Monday, Apr. […]
As you may have read recently, the IRS began mailing notices of proposed Employer Shared Responsibility Payment (“ESRP”) assessments to employers in November 2017, for tax year 2015 – the very first year employers filed forms 1095-c/1094-c. These letters are the result of computer matching program audits requiring no IRS agent intervention. In other […]
Data that HR needs to ensure smooth and accurate ACA reporting Human resource teams must perform many compliance related tasks at year-end. One of the most confusing is ACA reporting and filing. For Ascentis’ clients, this is easy, with our built in reporting and filing features. But for those in HR without the luxury of […]
If you’re confused by fringe benefits taxation, you’re not alone. Just last year the IRS imposed $6,848,308 in civil penalties for non-compliance of the proper payment and reporting of employment taxes, including those from fringe benefits. Download our free guide to taxing fringe benefits today, so you know exactly what you need to do to be in IRS compliance.
Read about the current state of the Affordable Care Act, what is and isn’t changing within specific sections of the regulation, and an expert opinion of what may happen next. By: Bob Greene, Ascentis’ ACA and ERISA Expert On March 8, 2017, Congress and the President introduced H.R. 1628, “The American Healthcare Act,” which would […]
The Bay Area of San Francisco, CA is now the first geographic area in the nation to mandate commuter benefits for employers with 50 or more full-time employees. Implementation of these commuter benefits must be complete no later than September 30, 2014. The nine counties in the Bay Area impacted are Alameda, Contra Costa, Marin, […]
The Top Seven Things Every Human Resources Professional Needs to Know About Transitional Reinsurance Fees
Have you heard about the newest provision of the ACA, which began on Jan. 1, 2014? Transitional Reinsurance Fees (TRF’s) are a significant, but somewhat unpublicized funding provision took effect which impacts many employers offering health insurance to their employees. The Transitional Reinsurance Fee (“TRF”) program is, as its name implies, transitional in nature […]
By: Mike Lin, Ascentis Payroll Product Manager As many know, the federal Patient Protection and Affordable Care Act and the Health Care and Education Reconciliation Act, both passed in March 2010, allowed children under the age of 27 to remain on their parents’ health care plans. As covered in a previous post, the federal government […]
Contributed by Les Goldstein, Ascentis CEO We are shortly approaching the “dreaded” open enrollment season where employees are asked to make important benefits decisions for the upcoming year. Traditionally, this has been a time of great stress for the HR department as it requires a huge increase in work with no additional staff. With the […]