DOL Increases FMLA Enforcement

The U.S. Department of Labor (DOL) is focusing more of its resources on enforcing compliance with the Family and Medical Leave Act (FMLA) through employer audits. Although the DOL has always had the authority to conduct FMLA audits, the agency has been ramping up its efforts and taking a more aggressive approach in its investigations.…

IRS Grants Extension for 6055 and 6056 Reporting

On Dec. 28, 2015, the IRS announced that it is granting an automatic extension for the 2015 information returns required of insurers, employers and certain other providers of Minimum Essential Coverage (MEC) under Section 6055 and 6056 of the Internal Revenue Code (IRC). Coverage providers that need more time now have until March 31 to…

DeMystifying the Affordable Care Act

The Affordable Care Act (ACA) created new reporting requirements under the Internal Revenue Code sections 6055 and 6056. Under these new reporting rules, certain employers must provide information to the IRS about the health plan coverage they offer (or do not offer) to their employees. The additional reporting is intended to promote transparency with respect to health plan…

Exchange Closed for New Business?

Just when you thought open enrollment was over for the HealthCare Exchange, a new special enrollment period has been created for people who don’t have health insurance. The new sign-up period is for people who meet three conditions: (1) they’re paying the “individual mandate” tax for lacking insurance in 2014; (2) they learned about the…

Taxes and Tracking – What You Need to Know

IRS forms 1095 and 1094 have been published in their final forms, paving the way for businesses with 50 or more full-time employees to complete them in 2016. The problem is most business-owners have no idea they’re responsible for filing these very complicated tax forms. To complete these forms correctly and avoid penalties, you must begin tracking certain employee data like how much they…