Tag: penalties

Prepare to Comply with 2024 ACA Deadlines to Avoid Penalties

Employers across the United States that have yet to act on their Affordable Care Act (ACA) filing duties are running out of time and should move swiftly. To comply with the ACA 1095-C furnishing deadline for the 2023 tax year, employers must send forms to their full-time employees by March 1, 2024. Further, to comply […]

The Importance of Responding to (and Paying) Workers’ Comp Premiums

In North Dakota, like all states, it’s extremely important for employers to properly identify (and classify) their employees and secure proper workers’ compensation insurance coverage. North Dakota’s Workforce Safety and Insurance (WSI) requires employers to identify their employees and submit payroll data so WSI can calculate the premium during that policy period. Failure to submit […]

401(k)

Benefits 101: Common 401(k) Mistakes

A common benefit that many employers now offer to employees is a 401(k) plan to assist them in saving for retirement. This type of benefit is typically highly valued by employees, and of course, employers want to take steps to ensure it’s administered properly—both legally and in terms of not making mistakes that impact employees.

ACA

Employer Deadline Extended for ACA Reporting to Individuals

Recently, employers and insurers were given an extra month to comply with the upcoming Affordable Care Act (ACA) requirements to furnish 1095-B and –C reports to individuals. The deadline is being moved back from January 31 to March 2, 2018, the Internal Revenue Service (IRS) announced in Notice 2018-06. In addition, the good-faith transition relief […]

Compliance framework is proposed for Canada’s Temporary Foreign Worker Program

by Thora Sigurdson In June 2014, the Canadian government introduced changes to the country’s Temporary Foreign Worker Program (TFWP). These changes were intended to make it more difficult and expensive for Canadian employers to hire temporary foreign workers (TFWs), thereby encouraging employers to search within Canadian borders to staff their workforce. While the changes to […]

How painful can it get? Penalties for immigration noncompliance

by Christine D. Mehfoud Compliance-minded companies always want to know, “What’s the risk of noncompliance?” Or, put another way, “How much will it hurt if we don’t get it right?” For companies still wondering whether spending a little now to implement a solid immigration compliance program is a sound investment, some of the recent immigration-related […]