The Internal Revenue Service (IRS) has begun to circle the Patient Protection and Affordable Care Act (PPACA) and 2014 is still a year and a half away. That is the year when the federal legislation is supposed to go into affect and will require employers with more than 50 employees to offer minimal essential health coverage to their workers or be subject to a penalty.
Posts Tagged ‘IRS’
(Just a friendly reminder about those 5500 & 5500-EZ forms, folks.) hireVision would like to take this moment to remind employers about the upcoming July 31, 2011 filing deadline for your company’s 5500 & 5500-EZ forms. The United States Department of Labor (DOL) now uses the EFAST computerized processing system. EFAST is designed to simplify [...]
It’s December, which means time is running out for you to report your company’s group life insurance imputed income to Uncle Sam. Many companies don’t realize offering employees an employer-paid group term life insurance policy in excess of $50,000 is considered a fringe benefit by the Internal Revenue Service (IRS). Employers are required to report [...]
If you are on the fence about hiring new employees (or ones you were forced to lay off when the recession hit your business) right now, you have got to check out the article “Hire Now, Save Later” on Entrepeneur.com ASAP. They discuss how some companies maybe able to save thousands in taxes by giving [...]