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New York Establishes Optional Employer Payroll Tax in Response to SALT Deduction Limit

The Tax Cuts and Jobs Reform Act of 2017 encompasses some of the most significant reform to the U.S. Tax system enacted in more than 30 years. One provision of the law is an annual limit of $10,000 for an individual tax payer’s itemized deductions of state and local taxes, also known as “SALT” deductions. [...]

April 12, 2018|

If You Missed the ACA Filing Deadline, You Should File ASAP

The Affordable Care Act (ACA) mandates that certain employers must report information regarding employer-provided health insurance offered and covered to employees and file that information with the IRS annually.  2017 Form 1095-B or 1095-C was due to employees on March 2, 2018; forms were due to be filed with the IRS by February 28 if using paper [...]

April 10, 2018|

Pregnant Workers Fairness Act Begins in Massachusetts April 1

Last year we wrote about legislation around pregnancy fairness laws in several states. As of April 1, the Pregnant Workers Fairness Act will require employers in Massachusetts with six or more employees to grant an employee a “reasonable accommodation” during a pregnancy, for conditions related to a pregnancy or childbirth. This can include post-pregnancy lactation [...]

March 19, 2018|

Revised Family HSA Limit

Updated 5/9/18: The IRS reversed it's decision to lower the family HSA limit. The limit is now back to the original 2018 limit that was announced last year: $6,900. On Monday, the IRS announced a revision to the family HSA contribution limit on high deductible health plans for calendar year 2018. The original limit of [...]

March 9, 2018|

Adjust Your Payroll Schedule for These 2018 Banking Holidays

There are eleven federal banking holidays in 2018 that may interfere with your usual payroll processing schedule for the year. Now is a fitting time to set reminders for your payroll processing days and check dates for the year. The chart below lists the date of the holiday per the Board of Governors of the [...]

December 27, 2017|

What To Do If You Receive IRS Letter 226-J

The IRS is actively issuing ACA-related notices to applicable large employers (ALE). Also known as Letter 226-J, the notice is the initial letter to notify ALEs that they may be liable for an employer shared responsibility payment. The letters employers are receiving now relate to 2015 ACA reporting. Employers have 30 days from the date [...]

December 21, 2017|

These State Minimum Wage Rates Increase January 1, 2018

Along with ringing in the New Year, many U.S. employees will be enjoying higher wages come January 1, 2018, thanks to states that are increasing their minimum wage rates. State minimum wage changes taking effect January 1, 2018, include: Alaska $9.80 to $9.84 Arizona $10.00 to $10.50 California 25 employees or fewer $10.00 to $10.50; [...]

December 14, 2017|

OSHA 300A Deadline Delayed Two Weeks to December 15, 2017

Update: On December 18, OSHA announced it will accept 300A submissions for 2016 through the end of 2017. Read the news release or visit the injury reporting page of the OSHA website for details. The Federal Register published a rule by the Occupational Safety and Health Administration (OSHA) Friday announcing an extension of the deadline [...]

November 30, 2017|

W-2 Verification Code Testing Expands for 2017

The Internal Revenue Service is expanding its testing of individual taxpayer verification codes in an effort to reduce incidents of refund fraud. The program began last year with testing of the code on two million W-2 forms. The program expands for 2017 to 50 million W-2s. In partnership with certain payroll service providers, a sixteen-digit code [...]

September 26, 2017|

Missouri is Latest State to Preempt Local Minimum Wage Laws

Today, employers in St. Louis, Missouri, are no longer required to pay their employees the city’s minimum wage rate of $10.00 per hour. The reason they can reduce employee pay is state legislators passed a law earlier this year that overrides all city and county minimum wage ordinances. St. Louis workers saw an increase in [...]

August 28, 2017|