Tag Archives: irs approved payroll

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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Tax-Exempt Employers May See Reduction in Small Business Health Care Tax Credits

The amount that certain small tax-exempt employers receive on the refundable portion of the Small Business Health Care Tax Credit may be impacted by the sequestration process of the Internal Revenue Service (IRS). As part of an effort to encourage … Continue reading

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Small Firms Hit by Big Changes in Health Coverage

New Health Law Affects Coverage for Business Owners, Their Employees Businesses with fewer than 50 workers are exempt from the most stringent requirements for larger employers under the federal health-care law. But that doesn’t mean they’re off the hook entirely. … Continue reading

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Excise Tax Hit in 2018 Anticipated by Employers

Roughly half of large U.S. employers will begin to hit the thresholds triggering the Affordable Care Act’s (ACA’s) excise tax on high-value plans in 2018, and the percentage is expected to rise significantly in subsequent years. The excise or “Cadillac” … Continue reading

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