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Posts from: July 2016

ARE YOU READY FOR THE NEW DOL AUDIT!

Author: Jan Fernandez Posted: July 28, 2016

The Department of Labor is out in force and you can’t stop the rampage. After all, they have to subsidize the exchange tax credits somehow, right?! The penalties associated with being out of compliance with the ACA can cause a company to go out of business. The penalty for non-compliance is generally $110 per day, per individual, per violation. But don’t worry, there is a cap – $500,000. According to a Seattle Business Magazine article, […]

Terminating employees in a small company can be tough

Author: Venus Dean-Bullinger Posted: July 18, 2016

I’ve been talking to many of my friends and colleagues that are small business owners. Many of them are the Owner, CFO, CEO and HR all rolled into one. That can be a difficult position for one person to be in; especially in a small company. Many small business owners have a difficult time when it comes to terminating employees. So I did some research and found some helpful steps that may make it a […]

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From The Blog - OIC Advisory Committee Notes – October, 28th, 2015

On October 28th we convened the advisory committee at the Insurance Commissioner’s office. These meetings are always filled with interesting and important updates for the insurance industry and the residents of Washington State. It’s also a great opportunity to share the perspective of the individuals and businesses that are buying insurance every day in this market and what various regulations and reforms would mean to them directly. The Commissioner shared information on some of the […]