Just prior to Thanksgiving, the IRS gave employers some lengthy proposed regulations to read thoroughly and finally in the end, something to be thankful for – an extension of the furnishing deadline for 2021 Forms 1095-B and 1095-C until...
The IRS recently released the 2022 affordability percentage that Applicable Large Employers (ALEs) use when determining whether their offer of coverage is affordable such that they are not subject to 4980H(b) penalty exposure. For plan years beginning in 2022, ALEs...
Nov 6, 2021On Saturday, November 6, the Fifth Circuit Court of Appeals placed a temporary hold on the OSHA Emergency Temporary Standard (ETS) requiring COVID vaccination or testing for employees of employers with 100 or more employees. The current ruling is temporary,...
Reporting Affordability Accurately Is Critical in First Year of Reporting Without Good Faith ReliefFor all prior tax years in which Form 1094-C and 1095-C reporting has been required, the IRS has offered relief from reporting error penalties under Code Sections 6721...
On Sept. 23, the U.S. Department of Labor announced a final rule that will amend Fair Labor Standards Act (FLSA) regulations for tipped employees. The final rule is scheduled for publication in the Federal Register today, Sept. 24, 2021, and is expected to...
