Student loan debt has exceeded both credit card and auto loan debt, according to the Federal Reserve. If you employ millennials, many of your own employees are probably struggling with how to pay off student loan debt while also planning for retirement. This financial challenge is not only taking an emotional toll on your employees, [...]
Year-end is a busy time of year for HR and payroll professionals: along with their “normal” everyday duties, they have to deal with added challenges of open enrollment for benefits, getting W-2s distributed on time, and ACA 1095-C reporting. Fortunately, the IRS gave us an extension for providing 1095-Cs to employees so we get some [...]
On November 29, 2018, the IRS released Notice 2018-94: US employers get lucky again! The due date for providing Forms 1095-C to employees is extended to March 4, 2019 The ACA employer mandate – which remains business as usual after the midterm elections – requires all US employers with 50 or more full-time employees to [...]
Ask any employee in your company and you’ll likely find that money is the number one source of stress. Studies continue to point to financial challenges as a source of concern for employees, which makes it a top priority for employers. Productivity and quality of work diminishes as employees dwell on tough financial questions. Employers are [...]
Updated 12/4/2018 Do you print and mail your ACA 1095-Cs to the IRS? Or do you file them electronically? Be aware: the requirements for who can print and mail forms to the IRS rather than filing electronically (e-filing) may be changing. Today’s e-file rule is: US employers may print and mail (rather than e-file) their [...]
You may be wondering if a financial wellness program deserves a spot in your already generous benefit package. According to Prudential, the answer is a resounding YES, and they have the stats to prove it. A comprehensive benefit program, that includes financial wellness options, will alleviate the growing financial stress employees face each day. Fewer [...]
The Affordable Care Act was passed on March 23, 2010 and employer compliance requirements began in the 2015 tax year, yet many employers have yet to comply. Are you one of those employers with your head in the sand? Many employers have been, and continue to be in denial that the IRS will enforce the [...]
Right out-of-the-box, Microsoft Dynamics GP Payroll offers powerful features and functionality. However, not all businesses have simple payroll processes. Over time, you may experience gaps in Dynamics GP Payroll—and we know how you can fix them. Simple Problems Can Have Simple Fixes When it comes to payroll, simple mistakes don’t often have simple fixes. Even [...]
Updated 12/4/2018 The end of the year is rolling around and you know what that means … ACA filing season on top of your normal year-end duties. But this does not need to be as stressful as you think – after all, it's the holidays, you deserve to be happy! As a reminder, the deadlines [...]
Updated 12/4/2018 After a tumultuous midterm election season, the results are in. Healthcare (mainly protections around pre-existing conditions) seem to have been a top issue among many voters this election, and the results seem to speak to the ACA’s growing popularity in recent years, strengthening the position of the Affordable Care Act: With Democrats in [...]