by Mark Holloway | August 13, 2018 | Compliance Services, Employer Mandate, Reporting & Disclosure, Tax Issues
By now, you’re likely aware that the IRS has sent hundreds of letters to employers indicating that they may owe penalties because of noncompliance with the ACA employer mandate. Penalties can occur when a full-time employee purchases coverage on a state insurance...
by Mark Holloway | June 8, 2018 | Tax Issues
The Internal Revenue Service (IRS) has proposed new rules to increase the number of employers required to file tax information electronically with the IRS. The new rules would apply to Forms W-2, 1099, the Affordable Care Act (ACA)-related 1095-C and other information...
by Mark Holloway | April 5, 2018 | Compliance Services, State and Local Issues, Tax Issues
Massachusetts has started mailing employer letters explaining the operation of a new tax assessment that will apply beginning on April 30. Unfortunately, the letter is confusing and could lead some employers to erroneously conclude they must designate their medical...
by Scott Behrens | March 29, 2018 | Tax Issues
The tax reform package signed into law late last year included a provision eliminating the ability of employers to deduct payments made for qualified transportation benefits like employee parking and mass transit passes. The new rule is straightforward when the...
by Lisa L. Carlson | December 11, 2017 | Paid Leave Laws, State and Local Issues, Tax Issues, Uncategorized
As employers are setting up 2018 payroll, the critical question has become, “How on earth are we supposed to tax premium payments and benefits under the New York Paid Family Leave (NYPFL) law?” While New York has addressed some tax issues, so far there has been no...
by Compliance Services at Lockton | January 15, 2015 | Compliance Services, Dollar Limits, Domestic Partners, Employer Mandate, ERISA, Essential Health Benefits, Form 5500s, Health Reform, Health Reimbursement Arrangements, Health Savings Accounts, HIPAA, Life Insurance, Medicare, Mental Health Parity, Misc Health Reform, Preventive Care, Reporting & Disclosure, Reporting and Disclosure, Tax Issues
Compliance deadlines for health and welfare plans continue to abound as we start 2015. In the listing below, we focus on compliance deadlines during the first half of 2015. Although Jan. 1 has passed, we have also included items having compliance deadlines related to...
