Human resources departments and CFOs everywhere are focusing on employee wellness efforts and customizing benefit programs to meet changing needs. Having a well-rounded benefit program is not only good for recruitment and retention, it can also improve productivity and profits. The four main pillars of a holistic wellness program include emotional, physical, social and financial [...]
Is it getting difficult to keep track of your employees this summer? Are your front doors constantly revolving as employees come and go? Have you noticed your payroll team is a little on edge lately? We are in the middle of prime vacation season and keeping track of leave time using manual means is causing [...]
Running a successful business isn’t all about profits. You also have to manage risk. While you may keep a close eye on the more obvious processes, like manufacturing processes for product recalls, for example, some risks are less apparent. Growth often means hiring new employees and, if you aren’t keeping an eye on your headcount, [...]
Perhaps you are an employer who has received a 226-J letter from the IRS. For those who are unaware, the 226-J letter is a notification of a potential ESRP assessment from the IRS due to possible non-compliance. If you have in fact received this letter; hopefully you have taken the proper steps to timely respond [...]
As many of you know, the IRS has started sending out Letter 226-J notices. Many employers are now trying to figure out what triggered the IRS to send the notice. Many of them are also trying to figure out if there was anything they could have done differently to avoid receipt of Letter 226-J. Here [...]
It’s July and I can confidently say that Central Illinois has been feeling the summer temperatures and high humidity. We got a break in the weather this weekend, a nice high-pressure system allowing for yard work and my personal favorite, relaxing in the pool. As I sat there listening to the children (and the adults [...]
The 2018 IRS filing year is quickly approaching; and employers will once again need to shift their focus to ACA compliance. Much will remain the same for the upcoming IRS ACA reporting year, but there are a few notable changes. To prepare for 2018 ACA reporting, employers should take time to review the upcoming requirements [...]
When you find a copy of IRS Letter 226J in the mail, it can be a frustrating feeling. Letter 226J is a penalty assessment notice that essentially notifies you that you failed to comply with the employer mandate of the Affordable Care Act (ACA). Your first thought might be: “What? No way.” You may disagree [...]
The past 18 months have been a confusing time for employers— particularly when it comes to the Affordable Care Act (ACA). Although many people thought Congress would “repeal and replace” the ACA in 2017, it didn’t happen. Instead, employers have been left scrambling to understand what changes have been made to reshape existing ACA law, [...]
Summer is the perfect time to get up to speed on what the ACA means for US employers! Whether you’re brand new to the rules of the Affordable Care Act or just in need of a refresher, join us for an information-packed Affordable Care Act 201 educational webinar series in July and August. We’ll fill you [...]