by keyseradmin | Oct 14, 2020 | Compliance, Human Resources
The IRS released Notice 2020-76 that extends the due date for employers, insurers, and other providers for furnishing forms 1095-B and 1095-C to employees. The notice extends the due date from January 31, 2021 to March 2, 2021. The IRS feels this a generous extension...
by keyseradmin | Sep 17, 2020 | Employee Benefits, Human Resources
The IRS on August 28 issued Notice 2020-65 that will allow employers to suspend withholding and paying eligible employees’ Social Security payroll taxes as part of COVID-19 relief. This payroll tax suspension period run from Sept. 1 through Dec. 21, 2020. It applies...
by keyseradmin | Aug 18, 2020 | Employee Benefits
On July 15, 2020, the U.S. Treasury Department and IRS, along with the Labor Department and Department of Health and Human Services, released for publication in the Federal Register a notice of proposed rulemaking (REG-130081-19) regarding grandfathered group health...
by keyseradmin | Aug 18, 2020 | Employee Benefits
The IRS recently issued Revenue Procedure 2020-36 to index the contribution percentages in 2021 for determining affordability of an employer’s plan under the Affordable Care Act (ACA). For plan years beginning in 2021, employer-sponsored coverage will be considered...
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