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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 - ABCs of The New ACA Reporting Requirements

If payroll and human resources didn’t have enough to do with all this new world employee benefits stuff, the ACA has decided to tack on another report or two, or maybe three. Now, according to the ACAs section 6056, employers with 50 or more employees are required to provide the IRS with a report showing who was covered and how much the employer paid on the employee’s behalf. This will be done through the form […]