Overview On Nov. 18, 2016, the Internal Revenue Service (IRS) issued Notice 2016-70 to: Extend the due date for furnishing forms under Sections 6055 and 6056 for 2016 for 30 days, from Jan. 31, 2017, to March 2, 2017; and Extend good-faith transition relief from penalties related to 2016 information reporting under Sections 6055 and … Continue reading 2016 Furnishing Deadline for ACA Reporting Delayed
Big and burdensome changes are coming to the EEO-1 reporting requirements. The EEOC will require covered employers (includes employers with 100 or more employees) to report employee pay and hours worked data. The new EEO-1 reporting requirements will be effective for the 2017 form. The due date for the report has also changed. The 2017 … Continue reading DID YOU KNOW?
If you are an FMLA-covered employer, you should always consider whether an employee who requires time off of work due to a workrelated injury or illness is eligible for leave under the Family and Medical Leave Act (FMLA) (and/or possibly leave under a state law). Certain workers’ compensation (WC) leaves may also be covered under … Continue reading Workers’ Compensation Leave? Consider FMLA!
Under the federal Fair Labor Standards Act (FLSA), employees must be paid at least the applicable minimum wage for all hours worked. In addition, employees must be paid overtime compensation for any hours worked over 40 during the workweek. However, an employee who satisfies the requirements under one of the FLSA's exemptions may be “exempt” … Continue reading Dec. 1 is Near: Understand What’s Changing
OVERVIEW On July 1, 2016, the Department of Labor (DOL) issued an interim final rule that increases the civil penalty amounts that may be imposed under various federal laws, including the Employee Retirement Income Security Act (ERISA). The interim final rule increases the civil penalty amounts associated with: Failing to file an annual Form 5500 … Continue reading DOL Increases Penalties for Health Plan Violations