The new ACA Information Center for Applicable Large Employers page on IRS.gov features information and resources for employers of all sizes on how the health care law may affect them if they fit the definition of an applicable large employer. The web page includes the following sections: What’s Trending for ALEs, How to Determine if You are
The IRS sent letters to taxpayers this summer who were issued a Form 1095-A, Health Insurance Marketplace Statement, showing that advance payments of the premium tax credit were paid on the taxpayer’s behalf in 2014. At the time, the IRS had no record that the taxpayer filed a 2014 tax return. Here are nine facts
The Affordable Care Act (ACA) requires many employers to offer health insurance to a certain classification of employees or be subject to fines. Your company’s obligations, along with deadlines for meeting the requirements of the new law, are determined by your company’s status as an Applicable Large Employer (ALE) which is determined by the number
Employers who run payroll in house are common, nearly as common as those that screw it up. The two generally go together, as the IRS penalizes 35% of business owners for payroll errors. Even if you avoid mistakes, doing your own payroll can still cost you. The valuable time and energy you spend figuring out
The U.S. Department of Labor (DOL) has published proposed regulations to increase the minimum required salary for employees under the white-collar exemptions. If the rules take effect as written, the required minimum salary to qualify for an overtime exemption would more than double in 2016. To qualify for an executive, administrative or professional (EAP) exemption
These are available free online from the state of Massachusetts, the master link is below; many have recently been updated, make sure you have the current ones. This is the master link; http://www.mass.gov/lwd/labor-standards/dls/massachusetts-workplace-poster-requirements.html Individually broken out below: Wage and hour poster http://www.mass.gov/ago/docs/workplace/wage/wagehourposter.pdf Massachusetts Commission Against Discrimination (fair employment poster, model sexual harassment policy) http://www.mass.gov/mcad/posters.html Unemployment
Massachusetts laws, and Federal laws, governing payment of wages and overtime pay contain a number of pitfalls for unwary employers, including triple punitive damages and criminal penalties against individual corporate officers. Employers should not automatically assume that paying an employee on a salary basis creates an exemption from overtime requirements. Most employers understand that
Code of Massachusetts Regulations Title 940: Office of the Attorney General Chapter 33.00 Earned Sick Time
Ready, set, file? Not quite. If you’re waiting on a tax refund, you can’t get it until you file, and the IRS says it will accept returns starting January 20, 2015. Following the passage of the extenders legislation, the IRS says it anticipates opening the 2015 filing season as scheduled in January. Tax Season Opens
http://www.tax.gov/calendar/
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