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Reminder: Employers with 10 or More Staff Must File ACA Forms Online

InterWest Insurance Services

With 2025 just a few months away, it’s important that small employers understand their group health insurance reporting obligations under the Affordable Care Act as they changed at the start of 2024. March 31 — This is the deadline to file Forms 1094-C and 1095-C electronically with the IRS. million per calendar year.

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2022 Health Insurance Outlook, Changes

InterWest Insurance Services

Here are the rules that will sunset at the end of 2021: Allowing employees who had declined group health insurance for the 2021 plan year to sign up for coverage. The CAA created a number of new requirements that affect health insurance and coverage. That’s a change from the prior threshold of 250. 1, 2022.

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How to Create a Pay Stub for Employees?

HR Lineup

A pay stub not only serves as a record of an employee’s earnings but also provides crucial information about deductions, taxes, and other financial details. Deductions: Federal and state taxes Social Security and Medicare contributions Health insurance premiums Retirement contributions 4. Deductions and Taxes 1.

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IRS to Get Tough on ACA Reporting Form Mistakes

InterWest Insurance Services

The time when the IRS offers relief from financial penalties to employers that make errors on their group health insurance reporting forms has come to an end. The change starting with the 2021 tax reporting year means that employers can face steep penalties for mistakes on their forms.

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ACA reporting requirements for ALEs and small businesses

Business Management Daily

Its goals included increasing health insurance coverage for the uninsured and implementing reforms to the health insurance market. A large number of citizens obtain their health insurance through their employer as part of their benefit plan. Over the years, many people have benefited from its provisions.

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What are The Pre-Payroll activities? A detailed overview

Qandle

This includes employee details such as names, addresses, social security numbers, tax withholding information, bank account details for direct deposit, and any changes in employment status or compensation. This may involve collecting timesheets, time clock records, or electronic time tracking data.

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Onboarding software considerations before you commit

Business Management Daily

Rather than draining the eagerness out of new employees on their first day by saddling them with stacks of paperwork and reading material, onboarding software allows them to receive pertinent forms and information electronically before day one. Contracts, employment laws, and tax considerations can vary significantly by region.