Tag Archives: irs approved payroll

Changes To Form 8922, Third-Party Sick Pay Recap

The reporting of third-party sick pay recaps to the Social Security Administration (SSA) ends after tax year 2013. Beginning with tax year 2014 (processing year 2015) taxpayers will file Form 8922 with the IRS. For tax year 2014 a paper … Continue reading

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More New Yorkers To Benefit From Pre-Tax Transit Benefits Through The Affordable Transit Act

A new ordinance has been signed into law by New York City Mayor Bill de Blasio – The Affordable Transit Act.  Employers in New York City with 20 or more full-time employees (employees who work an average of 30 hours or … Continue reading

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As PPACA Tax Looms Cadillac Plans Crash

As the tax on Cadillac insurance plans looms closer under the Patient Protection and Affordable Care Act large employers are increasingly putting an end to their most generous health care coverage. By introducing higher deductibles and co-payments, rising premiums and … Continue reading

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Businesses Using Part-Time Workers To Meet PPACA Mandate

By hiring more part-time workers and cutting the hours of full-timers, many businesses in low-wage industries are trying to alleviate the impact of new health law requirements that took effect beginning January 1st 2015. As companies prepare for an expanded … Continue reading

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IRS Issues Notice 2014-69 Addressing Group Health Plans That Fail to Cover In-Patient Hospitalization Services

It has been announced by the Internal Revenue Service (IRS) that the Department of Health and Human Services (HHS) and the Treasury Department (collectively, the Departments) will be issuing proposed regulations providing that a group health plan does not provide … Continue reading

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Confusion Created By Small Business Health Options Program (SHOP)

The Patient Protection and Affordable Care Act (PPACA) has caused a lot of confusion for all concerned. One area of particular confusion for small businesses is the Small Business Health Options Program (SHOP). Employers with more than 100 full-time employees, … Continue reading

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New York State Employers Do Not Need to Send Annual WTPA Notices to Existing Employees in 2015

On December 29, 2014, New York Governor Andrew Cuomo signed a bill amending the New York State Wage Theft Prevention Act (WTPA). The key provisions of the amendments, which become effective on February 27, 2015, include elimination of the annual … Continue reading

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Congress Extends Dozens of Expired “Temporary” Tax Breaks for 2014 Including Commuting Costs

Congress passed a bill that includes a retroactive extension to January 1, 2014 for commuting costs. The bill now awaits President Obama’s signature, which is expected soon, and includes equal treatment of commuting costs: All commuters may reduce their pre-tax … Continue reading

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Minimum Wage Increases

In 2015, some states’ minimum wages will be increasing again: New York State minimum wage will increase to $8.75 per hour on December 31, 2014 New Jersey minimum wage will increase to $8.38 per hour on January 1, 2015 Connecticut … Continue reading

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Proposal To Add Skimpier ‘Copper’ Plans To Marketplace Raises Concerns

Insurers and some U.S. senators have proposed offering less expensive, reduced benefits coverage, termed as “copper” plans on the health insurance marketplaces to encourage the uninsured that have not yet enrolled to buy. But consumer advocates and some policy experts … Continue reading

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