While it is anyone’s guess what might be included in the next health care bill once the dust settles, there are some proposed changes to Health Savings Accounts (HSA) designed to make them more attractive. Remember, HSAs are permitted for individuals and families enrolled in High Deductible Health Plans. Here are some of the proposed […]
Remember that overtime regulation that was supposed to take effect on December 1, 2016? It would have doubled the Fair Labor Standards Act’s (FLSA’s) salary threshold for exemption from overtime pay from $23,660 to $47,476. Then in November, 2016 there was a federal court decision that halted the rule. Now what can we expect? That […]
If you have 10 or more employees and subject to the recordkeeping requirements of the federal Occupational Safety and Health Act you need to post the OSHA Form 300A, Summary of Work-Related Injuries and Illnesses, between February 1, 2017 and April 30, 2017. This is a record of serious work-related injuries and illnesses. Minor injuries requiring first aid only do not need […]
Tax Returns Due April 18 The Internal Revenue Service (IRS) has announced that tax season will begin Monday, January 23, 2017 and that the filing deadline to submit 2016 tax returns is April 18, 2017. Tax Season Begins January 23 The IRS will begin accepting electronic tax returns on January 23, 2017. Many software companies […]
First and foremost, just because we had an election doesn’t mean that everything changes immediately. The Affordable Care Act forms are still going to be required for 2016 reporting. You do have a one month reprieve: the forms were originally due to employees on January 31, 2017 and now they are due on March 2, […]
If you are in Human Resources or upper management you have a busy month ahead of you. You are probably in the middle of Open Enrollment, you are rgetting ready for your ACA reporting in January, and now you have to get the word out to affected employees that some of them are going to […]
There has been a lot of discussion lately about the upcoming changes to the requirements for employees to be considered exempt from the overtime provisions of the Federal Labor Standards Act (FLSA). While most people know that the salary level test is changing from $23,600 per year ($455 per week) to $47,476 ($913 per week) many […]
Trying to determine whether someone is an employee can have a big impact on both the employer and the worker. If the worker is an employee you must withhold income tax and Federal Employment Taxes. You may also have benefits costs, worker’s compensation and other costs to consider. If the worker is truly an independent […]
Now that Microsoft is no longer supporting FoxPro people keep asking questions: How long can I stay on Abra Suite? Is it going to suddenly stop working? When should I upgrade to SQL? There is no one correct answer to any of these questions but there are some guidelines. Sage is committed to continuing support […]
For this year only the IRS is granting penalty relief for employers who comply with the reporting deadlines and must later correct errors, providing the employer can demonstrate they made a good faith effort to comply with the reporting requirements for 2015. Applicable large employers were required to give their employees forms 1095-C by March […]