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Category: Compliance
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IRS Extends Deadline for Employers to Furnish Forms 1095-C and 1095-B | PA Benefit Advisors
On November 18, 2016, the IRS released Notice 2016-70 to extend the due date for employers to furnish Form 1095-C or 1095-B under the Affordable Care Act’s employer reporting requirement. Employers will have an extra 30 days to prepare and distribute the 2016 form to individuals. The due dates for filing forms with the IRS…
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SSA Announces Higher Incomes Subject to Payroll Tax in 2017 | PA Employee Benefits
On October 18, 2016, the Social Security Administration (SSA) announced the maximum amount of earnings that are subject to the Social Security payroll tax will increase in 2017 to $127,200. This adjustment is effective as of January 1, 2017 and equates an $8,700 increase from the maximum for years 2015 and 2016, which was $118,500.…
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Transitional Reinsurance (TRP) Contribution Form Due November 15 | PA Benefit Advisors
On October 3, 2016, federal officials posted the 2016 Transitional Reinsurance Program Annual Enrollment Contributions Form that health insurers and self-funded plan sponsors (employers) will use to make required payments under the Transitional Reinsurance Program (TRP). The 2016 report is due no later than November 15, 2016. Background The Affordable Care Act (ACA) prohibits insurers…
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Ask the Experts: EEO-1 Filing | PA Employee Benefits
Question: What is the EEO-1 report, which companies need to file it, and where do we get the data for the report? Answer: The EEO-1 report is a compliance survey mandated by Title VII of the Civil Rights Act. All employers with 15 or more employees are covered by Title VII and are required to…
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