27 December 2017 By

I hope you had a wonderful holiday.  Last week, the Internal Revenue Service (IRS) issued Notice 2018-06 to:

  *   Extend the due date for furnishing forms under Sections 6055 and 6056 for 2017 for 30 days, from January 31, 2018, to March 2, 2018; and
  *   Extend good-faith transition relief from penalties related to 2017 information reporting under Sections 6055 and 6056.

However, Notice 2018-06 does not extend the due date for filing forms with the IRS for 2017. The due date for filing with the IRS under Sections 6055 and 6056 remains February 28, 2018 (April 2, 2018, if filing electronically).

The attached ACA Bulletin outlines the new due date and additional guidance in this notice.

Please let me know if you have any questions.

Barry E. Fields
Vice President, Employee Benefits

Cell: 908-406-7000 | Fax: 732-834-0233
101 Crawfords Corner Road, Suite 1300, Holmdel, NJ 07733

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.  

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