IRS Publishes Adjusted 4980H Penalties for 2021

IRS Publishes Adjusted 4980H Penalties for 2021

The IRS recently published the indexed adjustments to the employer shared responsibility penalties that apply to Applicable Large Employers (ALEs) for the 2021 calendar year, which include: 4980H(a): $2,700 (up from $2,570 for 2020) when the ALE fails to...
Help The San Antonio Children’s Shelter

Help The San Antonio Children’s Shelter

Help The San Antonio Children’s ShelterThe Children’s Shelter fills in the gaps for so many; ensuring that children are provided with the nourishment and tools to successfully grow and mature. School is starting in a couple weeks. Virtually for a few weeks...
IRS Publishes 4980H(b) Affordability Percentage for 2021

IRS Publishes 4980H(b) Affordability Percentage for 2021

A quick update for those employers who are preparing for the 2021 plan year and setting the employee contribution $ amount: The IRS published the 4980H(b) affordability percentage for 2021 at 9.83% (an increase from 9.78% in 2020). Remember, this contribution amount...