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Growing Businesses–What You Don’t Know About the Affordable Care Act Could Cost You!
Affordable Care Act. Is your company just about to pass or recently passed the 50 employee mark? That’s great news – your company is growing! Unfortunately, it also means increased regulation including potential eligibility to the Affordable Care Act (ACA). The IRS recently released the draft instructions for the Form 1094-C and Form 1095-C. Any employer…
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Back Off My Retirement Plan, Illinois!
Retirement Plan. Did you know that Illinois-based businesses with more than 25 employees will be forced to enroll their employees in a state-run retirement plan, unless you offer one yourself? The Illinois Secure Choice Savings Program Act was signed into law in January 2015 and is expected to be enforced starting in 2017. While the…
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How To Tell if You Need a Professional Employer Organization
Professional Employer Organization. As a business owner, you are responsible for an overwhelming number of tasks. Many of these tasks require knowledge and expertise in areas unfamiliar to you. Let’s be honest, this isn’t why you started your business in the first place. You started your business because of your passion and desire to build…
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The Compliant Layoff or Firing Process
Layoff or Firing Process. Following proper and compliant procedures during the layoff or firing process is essential to preventing legal trouble. Every organization should make managers aware of guidelines that will ensure legal practices. There are many laws that protect employees. For example, the Worker Adjustment and Retraining Notification Act (WARN) protects workers, their families,…
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4 Ways The New Overtime Pay Rules Will Impact Your Business
Overtime Pay Rules. As an employer, are you concerned over the new Fair Labor Standards Act (FLSA) overtime pay rules? In an attempt to make life easier for the employee, the government continues to make life more difficult for the employer. Concerns about the new overtime pay rule cutting into business profits are crossing the minds…
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Obamacare: The Real Impact on the Business Community
Obamacare. The Affordable Care Act (ACA) popularly referred to as Obamacare, is a law governing how health insurance is issued in the US. Consisting of a whopping 20,000+ pages of regulations, this law has many business owners dazed and confused. Tandem HR, an HR outsourcing solution, has dedicated staff to keeping up with the employment…
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ACA and the Confusion Surrounding Reporting
Affordable Care Act. As the tax filing deadline draws near, the confusion among many employees about the required tax forms by the Affordable Care Act (ACA) is evident. This is the first year Americans may receive Form 1095-C or Form 1095-B from their employers and insurance providers as evidence that the individual had Affordable Care…
Author: TandemHR
