The Affordable Care Act: Employer Penalties on the Rise

Penalties for failure to comply with the Affordable Care Act’s (ACA) provisions for the 2017 and 2018 tax years are expected to rise. Even if employers that failed to comply with the law have not yet received penalty notices, they are coming. The IRS has announced that penalty notices for the 2015 tax year will [...]

By | 2017-11-15T16:24:41+00:00 November 15th, 2017|Industry Insights, Policy and Regulation|0 Comments

The New 2018 Plan Limits

On October 19, 2017, the IRS announced the 2018 limits that impact retirement and other benefit plans. Please see the below chart for you reference which includes the 2016 & 2017 limits for historical reference. Limits that are different from last year are bold and italicized. Compensation Limits and Cost of Living Increases Applicable [...]

By | 2017-10-19T16:55:05+00:00 October 19th, 2017|Industry Insights, Policy and Regulation|0 Comments

3 Reasons Your Small Business Should Consider Automated Payroll

Small businesses have a lot to consider when coordinating day-to-day business operations, managing growth and hiring employees. Properly handling payroll —from tracking leave, deducting correct premiums, and facilitating benefits for eligible employees — can be a daunting task on its own. The reality is that getting payroll wrong — even something so simple as paying [...]

By | 2017-10-10T12:52:53+00:00 October 10th, 2017|Industry Insights, Policy and Regulation|0 Comments

Are You Depositing Your Company’s 401(k) Contributions on Time?

Although the Department of Labor (DOL) regulations became final on January 14, 2010, the late deposit of employee salary deferral contributions and loan repayments continue to be the number one compliance issue the IRS finds when auditing a plan, and a focus of the DOL. The regulation stipulates a Safe Harbor for the deposit of [...]

By | 2017-09-20T11:50:53+00:00 September 20th, 2017|Industry Insights, Policy and Regulation|0 Comments

Handling FMLA for Military

FMLA coverage for childbirth, adoption, and foster placement as well as coverage for serious health conditions is fairly straightforward. However, employers forget the wide range of coverage for FMLA leave related to an employee’s spouse, child, or parent being on covered active duty or called to covered active duty status. Below is a list of [...]

By | 2017-09-07T11:42:26+00:00 September 6th, 2017|Industry Insights, Policy and Regulation|0 Comments

What is Bureau of Workers’ Compensation (BWC) $15K Medical-Only Program?

The Bureau of Workers’ Compensation (BWC) 15K Medical-Only Program offers employers the opportunity to pay up to the first $15,000 in medical and pharmacy bills for medical only claims. By directly paying the medical expenses, employers may potentially lower their workers’ compensation premiums. Once enrolled in the program, any claim from enrollment date forward will [...]

By | 2017-08-31T12:05:33+00:00 August 31st, 2017|Industry Insights, Policy and Regulation|0 Comments

Are WOTC Tax Credits Worth Your Time?

Work Opportunity Tax Credits have been around since 1996, giving employers an incentive to hire qualified individuals that face challenges gaining employment, by offering federal tax credits against corporate income tax. Currently the program is available in all 50 States and is highly utilized by major corporations. At this time the target groups range from [...]

By | 2017-08-14T14:19:01+00:00 August 14th, 2017|Industry Insights, Policy and Regulation|0 Comments

How Important is it to Meet COBRA Obligations?

Below is a great example of why it is important to meet COBRA obligations and why it's important to keep accurate records. In July 2014 Paul Debene (Debene) was terminated from his position at BayCare Purchasing Partners (BayCare), for violating BayCare's conflict of interest policies. After his termination, Debene inquired about his health insurance, since [...]

By | 2017-08-10T11:50:31+00:00 August 10th, 2017|Industry Insights, Policy and Regulation|0 Comments

Are You Aware of the Recent Updates from the Ohio Bureau of Workers’ Compensation?

The Ohio Bureau of Workers Compensation (BWC) has provided new offerings to some of their programs. Listed below are 5 fact sheets that will explain the updates in each program. Health and Wellness Program Non-At-Fault Motor Vehicle Accident Claims Employers Working with Persons with Developmental Disabilities Grant Program (EWPDD) Firefighter Exposure to Environmental Elements Grant Program (FEEEG) New [...]

By | 2017-08-07T15:18:41+00:00 August 2nd, 2017|Industry Insights, Policy and Regulation|0 Comments
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