December 2024
If you are an Applicable Large Employer (ALE)*, your business could face significant IRS assessments if your Affordable Care Act (ACA) reporting forms 1095-C for the 2023 reporting year are not timely distributed to your full-time employees. Please review and acknowledge your filing in the ACA Reporting Tool (ART) by Jan. 31, 2024, so that we can timely distribute the forms to your full-time employees.
ACA Reporting is filed under your unique FEIN.
On Dec. 14, 2023, the Internal Revenue Service issued Notice 2024-08 announcing that the standard mileage rate, effective Jan. 1, 2024, for use of an automobile to obtain medical care is 21 cents per mile.
The following states or localities have announced new minimum wage increases.
OSHA’s Recordkeeping Standard, 29 CFR 1904, requires that certain employers maintain annual records of workplace injuries and illnesses. The 300A Summary is required to be posted in the workplace every Feb. 1 through April 30 to show records from the previous year’s injuries and illnesses, even if no work-related injuries or illnesses occurred during the previous year.
Direct deposit allows employers to electronically transfer employees' net pay into their bank accounts, eliminating the need for employees to receive a paper check. There are many advantages to direct deposit but, we often get questions regarding its use. Below, we answer some of the top questions we receive about direct deposit.
Texas has enacted legislation (Senate Bill 7) that bans certain COVID-19 vaccine mandates. Senate Bill 7 takes effect on Feb. 6, 2024.