16 October 2017 By

December 20, 2017 - A few hours ago both the U.S. Senate and the U. S. House of Representatives passed the tax reform bill called the Tax Cuts and Jobs Act.  The bill is expected to be signed into law by President Trump by the end of the day today.
While the bill includes many aspects that will have substantial impact on businesses, the tax reform bill does not affect the following tax provisions:

  *   Tax treatment of employer-sponsored health plans; and

  *   The ACA’s Cadillac tax on high-cost employer-sponsored health coverage.

16 October 2017 By

In 2014, The New Jersey Department of Labor and Workforce Development (“NJDOL”) enacted the gender equity notice (the “Notice”), which is a law that requires employers to post and distribute notices advising their employees that they have the “right to be free from gender inequity or bias in pay, compensation, benefits, or other terms or conditions of employment.”

16 October 2017 By

Why Walk When You Can Run?

There are so many events, phrases, etc…that shape us from our childhood. At the time they may seem trivial or even downright annoying. Though as we age, their importance really come to light. In a recent time of self-reflection, I questioned why it was that I seemed to rush everywhere I went. Not on the highway but more so in the office or at home. I find myself running from the parking lot to my desk, or “briskly” walking from my desk to the bathroom and back. I try to skip as many steps as possible when confronted with a staircase that needs conquering and so on. This led me to ask myself why and sure enough the answer was clear. Because my father told me to. That’s right, no complicated psychoanalysis here. No big huge event that caused some sort of rift in the time space continuum. Just plain old… cuz dad said so.  

16 October 2017 By

The Internal Revenue Service (IRS) recently began notifying employers via a letter containing several attachments if the company may owe a penalty for failing to comply with the employer mandate requirements for the 2015 calendar year under the Affordable Care Act (ACA).  If you receive a letter, don’t panic! This is just the first step in assessing an employer mandate penalty. The determination of whether an employer may be liable for a penalty and the amount of the potential payment are based on information reported to the IRS on Forms 1094-C and 1095-C for 2015 (filed in early 2016) and the IRS’s records of who received a premium tax credit.  If the IRS determines that, for at least one month in the year, one or more of the employer’s full-time employees received a premium tax credit and the employer did not satisfy the offer of coverage rules, this letter (Letter 226J) will be issued. It will include:

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