IRS Releases New ACA Filing Information for the 2020 Tax Year

IRS Releases New ACA Filing Information for the 2020 Tax Year

September 24, 2020 2 minute read: The IRS has published various Affordable Care Act Information Returns (AIRs) documents for the 2020 tax year with which employers will need to familiarize themselves before filing Read More
What You Need to Know About Letter 5699

What You Need to Know About Letter 5699

September 22, 2020 2 minute read: What Is Letter 5699? Letter 5699, Missing Information Return Form 1094/1095-C, is used to make initial contact with an organization that the IRS believes may have been Read More
New IRS Notice Addresses COVID-19, Medicaid, and the ACA

New IRS Notice Addresses COVID-19, Medicaid, and the ACA

September 16, 2020 2 minute read: New IRS guidance addresses the intersection of COVID-19, Medicaid, and the Affordable Care Act (ACA). In a bid to increase COVID-19 testing in the U.S., one facet Read More
ACA to Aid Millions in Obtaining Healthcare, KFF Report Finds

ACA to Aid Millions in Obtaining Healthcare, KFF Report Finds

September 4, 2020 2 minute read: The data is in: at least 27 million Americans have lost employer-sponsored health coverage as a result of COVID-19. The Kaiser Family Foundation issued a report in Read More
SBA Posts New Interim Rule on SBA Loan Review Decisions Under the Paycheck Protection Program (PPP)

SBA Posts New Interim Rule on SBA Loan Review Decisions Under the Paycheck Protection Program (PPP)

August 31, 2020 2  minute read: On August 12, 2020, the Small Business Association (SBA) issued a new interim final rule that provides guidance for borrowers and lenders on the appeal procedure for Read More
New Jersey Adopts ACA Provision to Lower Healthcare Costs

New Jersey Adopts ACA Provision to Lower Healthcare Costs

August 26, 2020 3 minute read: Earlier this month, New Jersey signed into law a state version of an Affordable Care Act provision, the Health Insurance Assessment (HIA) program. New Jersey is the Read More
New Victory Shows ACA’s Staying Power in Court

New Victory Shows ACA’s Staying Power in Court

August 24, 2020 2 minute read: In another court victory for the Affordable Care Act (ACA), a federal appellate court ruled in Texas v. Rettig that a provision of the ACA that imposes Read More
ACA Compliance Responsibilities Could Increase if the Federal Government Adopts the ABC Test for Employee Misclassification

ACA Compliance Responsibilities Could Increase if the Federal Government Adopts the ABC Test for Employee Misclassification

August 19, 2020 3 minute read: A tsunami for the gig economy may be coming on the horizon. We have written recently about the ongoing issues that gig economy employers, such as Uber Read More
ACA Expansion of Medicaid Passes in Missouri

ACA Expansion of Medicaid Passes in Missouri

August 14, 2020 3 minute read: In yet another triumphant win for the Affordable Care Act, the state of Missouri approved and passed the expansion of Medicaid. The expansion comes after nearly 53% Read More
SBA Releases FAQs on Loan Forgiveness Under the Paycheck Protection Program (PPP)

SBA Releases FAQs on Loan Forgiveness Under the Paycheck Protection Program (PPP)

August 7, 2020 1 minute read: On August 4, 2020, the Small Business Association (SBA) released 10 pages of FAQs pertaining to loan forgiveness under the Paycheck Protection Program (PPP). The PPP is Read More
New Senate Bill Seeks to Enhance the Employee Retention Credit Under the CARES Act

New Senate Bill Seeks to Enhance the Employee Retention Credit Under the CARES Act

August 5, 2020 2 minute read: The Senate recently introduced new legislation to further assist in the continuing COVID-19 pandemic, including the American Workers, Families and Employer Assistance Act. Under this Senate Bill, Read More
Gig-Economy Worker Benefits Will Affect ACA Compliance

Gig-Economy Worker Benefits Will Affect ACA Compliance

August 3, 2020 3 minute read: It’s no mystery that both companies and consumers benefit from the gig-economy, but what about the workers? Sure, it provides a means to an end, but workers Read More
ACA Enhancement Bill Telling of the Times

ACA Enhancement Bill Telling of the Times

July 24, 2020 2 minute read: House of Representative Democrats have unveiled a bill that would enhance many of the ACA’s components while reversing much of the Trump administration’s onslaught to the healthcare Read More
ACA’s Expansion of Medicaid Takes Hold in Oklahoma

ACA’s Expansion of Medicaid Takes Hold in Oklahoma

July 17, 2020 3 minute read: In late June, Oklahoma joined 37 other states and the District of Columbia in expanding Medicaid under the ACA. Better late than never and in good timing Read More
Californians Beware, The Individual ACA Penalty Has Increased

Californians Beware, The Individual ACA Penalty Has Increased

July 13, 2020 2 minute read: California residents that fail to obtain qualified health coverage this year will receive a penalty from the state for an amount larger than first projected. Per California’s Read More
IRS to Begin Issuing ACA Penalty Letters after July 15, 2020

IRS to Begin Issuing ACA Penalty Letters after July 15, 2020

July 10, 2020 2 minute read: Employers should start gearing up for IRS penalty letters issued under the Affordable Care Act. According to an announcement posted on the IRS website, the IRS has Read More
Window to get Paycheck Protection Program (PPP) Loan gets Extended

Window to get Paycheck Protection Program (PPP) Loan gets Extended

July 8, 2020 1 minute read: President signed legislation (S.4116) on the Fourth of July extending the deadline to apply for the Paycheck Protection Program (PPP). Now, small employers now have until August Read More
As Businesses Reopen during the Pandemic, They Need to Think About How to Bring Their Workers Back Safely

As Businesses Reopen during the Pandemic, They Need to Think About How to Bring Their Workers Back Safely

June 24, 2020 3 minute read: We already discussed that as states go through their re-opening processes in the midst of the COVID-19 pandemic bring their employees back to work, in addition to Read More
As Employers Bring Workers back during the Pandemic, They Need to Think about their Potential Liability Exposure

As Employers Bring Workers back during the Pandemic, They Need to Think about their Potential Liability Exposure

June 22, 2020 2 minute read: As states go through their re-opening processes in the midst of the COVID-19 pandemic, many employers have begun opening their offices and bringing their employees back to Read More
Federal Reserve Expands Main Street Loan Program

Federal Reserve Expands Main Street Loan Program

June 11, 2020 1 minute read: On June 8, 2020, the Federal Reserve Board expanded its Main Street Lending Program to include more small and medium sized businesses. See here. Changes to the Read More
Proposed IRS Regs Will Not Affect How Individuals Receive PTCs

Proposed IRS Regs Will Not Affect How Individuals Receive PTCs

June 3, 2020 2 minute read: The IRS recently issued proposed regulations on how the personal tax exemption reduction to “0” will affect qualifications for recipients of Premium Tax Credits (PTCs). Regulation 124810-19, Read More
ACA’s Expansion of Medicaid Key Player for Providing Health Coverage Amid COVID-19

ACA’s Expansion of Medicaid Key Player for Providing Health Coverage Amid COVID-19

May 29, 2020 2 minute read: By now it’s become abundantly clear how important it is for individuals to have health coverage. COVID-19 or not, healthcare is saving lives and the ACA has Read More
Emergency Paid Sick Leave and the ACA

Emergency Paid Sick Leave and the ACA

May 28, 2020 3 minute read: If you are a U.S. business, there is a good chance that one or more of your employees have taken emergency paid sick leave. Such leaves may Read More
Why CMS’s 2021 Payment Notice May Lead to More PTC Allocations

Why CMS’s 2021 Payment Notice May Lead to More PTC Allocations

May 27, 2020 2 minute read: Earlier this month the Centers for Medicare and Medicaid Services (CMS) issued the Notice of Benefit and Payment Parameters for 2021 (2021 Payment Notice). The rule includes Read More
New IRS Notice May Provide Relief and ACA Exposure

New IRS Notice May Provide Relief and ACA Exposure

May 26, 2020 2 minute read: In the wake of the COVID-19 pandemic, the Internal Revenue Service (IRS) has instituted a number of important adjustments to employee benefits plan compliance rules. Recently, the Read More
Employers May See More ACA Penalties As a Result of COVID-19

Employers May See More ACA Penalties As a Result of COVID-19

May 25, 2020 2 minute read: A new data analysis report from the Kaiser Family Foundation (KFF) finds the vast majority of Americans who lost their job amid COVID-19will be eligible for government Read More
Know your Tax Relief and ACA Compliance Obligations during the Pandemic: California Governor’s Executive Order brings Property Tax penalty Relief

Know your Tax Relief and ACA Compliance Obligations during the Pandemic: California Governor’s Executive Order brings Property Tax penalty Relief

May 22, 2020 2 minute read: On May 6, 2020 California Governor Gavin Newsom issued Executive Order N-61-20 providing some property tax penalty relief to individual and small business taxpayer’s who have been Read More
ACA Penalties to Continue with the IRS Returning to Work

ACA Penalties to Continue with the IRS Returning to Work

May 18, 2020 2 minute read: As states begin to lift their shelter-in-place orders and begin plans to re-open, employers should take note of recent IRSactivity, as the agency is expediting its efforts Read More
Workforce Changes Now Will Affect ACA Reporting Later

Workforce Changes Now Will Affect ACA Reporting Later

May 13, 2020 3 minute read: Several weeks into quarantine and social distancing, many are wondering when the country will reopen. As of April 20, 42 states had placed shelter in place orders. Read More
Returning to Work: Rehiring Employees After COVID-19 and the Impact on ACA Compliance

Returning to Work: Rehiring Employees After COVID-19 and the Impact on ACA Compliance

May 6, 2020 4 minute read: As states begin to relax their stay at home orders and businesses look to reopen post COVID-19 Pandemic, Employers should start thinking about how bringing back furloughed Read More
Supreme Court Rules in Favor of ACA Risk Corridors

Supreme Court Rules in Favor of ACA Risk Corridors

April 30, 2020 2 minute read: The Affordable Care Act chalked up a win in late April when the Supreme Court ordered the federal government to pay insurance companies funding it’s been entitled Read More
WOTC Deadlines Are Extended

WOTC Deadlines Are Extended

April 29, 2020 1 minute read: On April 9, 2020, the IRS issued Notice 2020-23 to provide relief relating to certain deadlines for taxpayers in response to the March 13, 2020 emergency declaration Read More
Paycheck Protection Program Gets a $310 Billion Infusion to Help Small Businesses Through Coronavirus Pandemic

Paycheck Protection Program Gets a $310 Billion Infusion to Help Small Businesses Through Coronavirus Pandemic

April 27, 2020 2 minute read: On April 24, 2020, the Paycheck Protection Program and Health Care Enhancement Act was signed into law (the “Act”). Among its key provisions is the infusion of Read More
Potential ACA Relief for Employers Facing COVID-19 Hardship

Potential ACA Relief for Employers Facing COVID-19 Hardship

April 24, 2020 2 minute read: As the COVID-19 global health pandemic continues to affect businesses large and small, employers must still comply with the requirements of the ACA’s Employer Mandate. Under the Read More
ACA COVID-19 Special Enrollment Periods Open in States Across the Country

ACA COVID-19 Special Enrollment Periods Open in States Across the Country

April 20, 2020 2 minute read: While Trump Administration shot down the idea of a special ACA enrollment period to help individuals who have lost their coverage due to the COVID-19 Pandemic, states Read More
Get to Know the Tax Provisions in the CARES Act

Get to Know the Tax Provisions in the CARES Act

April 17, 2020 4 minute read: Many employers and individuals are understandably concerned about how to navigate the difficult business environment created by the COVID-19 Pandemic and resulting state and federal mitigation measures. Read More
Group Health Plans, the CARES Act and the ACA

Group Health Plans, the CARES Act and the ACA

April 15, 2020 2 minute read: Many employers are understandably concerned about how to navigate the difficult business environment created by the COVID-19 Pandemic and resulting state and federal mitigation measures. Below is Read More
Workforce Management, ACA Compliance and the COVID-19 Pandemic

Workforce Management, ACA Compliance and the COVID-19 Pandemic

April 10, 2020 13 minute read: Compliance with the various employer provisions of the Affordable Care Act (ACA) can be complicated under normal employment conditions. As employers face the incredibly difficult business climate Read More
What You Need to Know About COVID-19 Changes at the IRS

What You Need to Know About COVID-19 Changes at the IRS

April 2, 2020 3 minute read: In the midst of theCOVID-19 crisis, the IRS announced that it will pare back operations to focus on “mission-critical” functions. In a notice updated on April 1, Read More
Challenges in ACA Compliance during the Covid-19 Pandemic

Challenges in ACA Compliance during the Covid-19 Pandemic

March 27, 2020 3 minute read: As businesses across the country shutter their doors, reduce their hours and move to remote working to comply with various state or local stay at home orders Read More
Employers Should Be Aware of IRS Advisory on High-Deductible Plans

Employers Should Be Aware of IRS Advisory on High-Deductible Plans

March 12, 2020 2 minute read: On March 11, 2020, the Internal Revenue Service (IRS) made an important announcement concerning high deductible health plans (HDHPs) and the Coronavirus known as COVID-19. The IRS Read More