by chris | Dec 27, 2016 | Affordable Care Act, Business Tips, General News, Human Resources, Taxes
QSEHRA’S “qualified small employer health reimbursement arrangement” The 21st Century Cures Act mostly addresses pharmaceutical issues, but it also contains a provision that makes insurance costs easier to bear for small companies. As explained by...
by chris | Dec 15, 2016 | Business Tips, General News, Payroll, Taxes
Many companies use both employees and freelancers, and this is fine, but the IRS doesn’t treat them as interchangeable — there’s no mixing and matching. Anyone you pay is either one or the other and subject to the proper tax treatment. So which is which?...
by chris | Dec 5, 2016 | Business Tips, General News, Payroll, Taxes
It’s often assumed that nonprofits have no tax obligations at all, but that’s not true. Nonprofits do get a lot of tax breaks, but managers of nonprofits still need to be well-versed in the tax code to make sure they’re in compliance. Although most...
by chris | Nov 8, 2016 | Business Tips, General News, Payroll, Taxes
What Does ERISA Mean for Employers? ERISA was developed to set minimum standards for pension plans, specifically for the private industry sector. It gives employers the rules they must follow for providing these retirement benefits to their staff, including...
by chris | Nov 1, 2016 | Business Tips, General News, Payroll, Taxes
Deciding How and Whether to Pay Bonuses A bonus is a payment that’s in addition to an employee’s salary. There are various types of bonus arrangements. Most common is merit-based — an individual earns a bonus based on performance. Sometimes, though,...
by payrollmanagement | Sep 21, 2015 | Affordable Care Act, Payroll, Taxes
Details have begun to emerge about electronic filing (e-filing) of Forms 1094 and 1095 information returns required under the ACA’s shared-responsibility (or “play or pay”) provision. (See main article.) Mandatory filings are required in the first...
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