A new California law, Assembly Bill 5, is in effect for 2020. It significantly affects employers that hire and classify California employees as “1099”/independent contractors.
California’s Individual Mandate 2020: What You Need to Know
California is implementing its new state individual mandate in 2020. It requires all California residents to maintain Minimum Essential Coverage (MEC) – medical health insurance coverage – for themselves and their dependents beginning January 1, 2020.
How to Determine Whether a Variable-Hour “Hourly” Employee is Full-Time or Part-Time under the ACA
Applicable Large Employers (ALEs) must offer affordable coverage to all full-time (FT) employees (and at least Minimum Essential Coverage [MEC] to their dependents) to satisfy the Affordable Care Act (ACA) employer mandate.
Medicare Information for Employers with Employees Age 65+
According to the Pew Research Center, it is estimated that 32% of Americans aged 65+ will be working full time or part time by 2022.
Controlled Groups – Your Groups May Be Combined!
Groups that share common ownership may be considered one employer by the Internal Revenue Service (IRS) for purposes of determining group size/status.
Section 125 Plans: Restrictions by Business Entity Type and Required Nondiscrimination Testing
Section 125 plans, sometimes referred to as “cafeteria plans,” permit employers to sponsor Premium Only Plans (POPs) and Flexible Spending Accounts (FSAs).
Section 125 Plans Generally Mean Irrevocable Elections
One of the most frequently asked questions to the WBCompliance team is about Section 125 Plans. That is, plans that fall under Section 125 of the tax code, known as “POP plans” (Premium Only Plans) and FSA Plans (Flexible Spending Accounts).