Practical HR Tips, News & Advice. Updated Daily.
Our company will be acquired and therefore all of our employees will be terminating our current company and will be hired by the acquiring company. In regards to our Dependent Care Account, can current participants who are contributing change their contribution amount based on this acquisition being out of their control? We would not want […]
It should come as no surprise that sending employees on business trips comes with quite a bit of HR baggage. From keeping track of travel expenses, to making sure your employees stay out of harm’s way, there can be quite a lot to handle.
FICA stands for the Federal Insurance Contribution Act, which outlines the required income tax withholdings related to social security and Medicare. Employers are required to withhold this tax from employee paychecks on behalf of the employee and submit them to the IRS. Unlike most payroll taxes, employers also have a separate employer FICA tax responsibility […]
For Form 1095-C (Employer-Provided Health Insurance Offer and Coverage) reporting, if the spouse is also an employee, specifically what code do we use in line 16 for the employee enrolled as the spouse?
By Jen Carsen, JD A “Limited Non-Assessment Period” (LNAP) is the IRS’s fancy way of describing one or more months that don’t really count for purposes of the play-or-pay penalties under the Affordable Care Act (ACA).
By Jennifer Carsen, JD, Legal Editor Employers with 50 or more full-time employees, including full-time equivalent employees (FTEs), in calendar year 2015 are required to fill out Forms 1094-C and 1095-C.
By Jennifer Carsen, JD, Legal Editor Despite the extra time bestowed by the IRS to file and distribute 1095-Cs for the 2015 tax year, coding challenges abound. How do you account for folks on COBRA? Noncalendar-year plans? And what the heck is a “Limited Non-Assessment Period,” anyway?
For the tax forms we must issue for the Affordable Care Act (ACA) – do we need to issue them to seasonal employees since they will not be considered full-time employees? Also, can you confirm that we do not have to issue the form to part time employees (working less than 30 hours per week)?
The IRS on Jan. 29 provided some long-awaited guidance on which midyear amendments to “safe harbor” 401(k) retirement plans it will allow — and which remain prohibited. The guidance, effective immediately, should put to rest years of confusion among practitioners over when they can adjust plans to reflect short-term changes without putting their plan’s qualification […]
By Jennifer Carsen, JD The Internal Revenue Service (IRS) really kicked things into high gear at the very end of 2015. While the rest of us were winding down, hanging out with friends and family, and eating far too many gingerbread men (or perhaps that was just me), the industrious tax elves slipped a few […]