Monthly Archives: September 2015

Take the Pain Out of Restaurant Payroll

September 29th, 2015

Restaurant payroll and tip reporting are complex. There are numerous requirements that employers face, such as reporting tip income and collecting tax on tips. Restaurateurs also must ensure that the total tip income reported to them by tipped employees during any pay period is, at a minimum, equal to 8% of their total receipts for...

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Seasonal Workers and the ACA Shared Responsibility Penalty

September 25th, 2015

If your organization employs seasonal workers or part-timers for the holidays, take note: The IRS has issued a Health Care Tax Tip on how these individuals affect whether your business is subject to the shared responsibility provisions of the Affordable Care Act (ACA). Background The ACA requires applicable large employers (ALEs) to report the health...

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IRS has issued final 2015 forms for 1094-B, 1095-B, 1094-C and 1095-C

September 22nd, 2015

IRS has issued final 2015 forms for 1094-B, 1095-B, 1094-C and 1095-C.   A link to the forms is provided below:   Form 1094-B,Transmittal of Health Coverage Information Return:   Form 1094-C, Transmittal of Employer-Provided Health Insurance Offer and Coverage Information Return:   Form 1095-B, Health Coverage:   Form 1095-C, Employer Provided...

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ACA Reporting and HRAs

September 18th, 2015

September 18, 2015 Yesterday, the IRS released final instructions for Forms 1094-B, 1095-B, 1094-C and 1095-C for 2015. The instructions provide new guidance on how HRAs are reported: On page 3 of the instructions to the Form 1095-B, the IRS indicates: If an individual is covered by more than one type of minimum essential coverage, reporting is...

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Court Dismisses Tribe’s Case Seeking Exemption from ACA Penalties

September 3rd, 2015

The United States District Court for the District of Wyoming dismissed a lawsuit seeking to declare Indian tribes exempt from employer penalties under the Affordable Care Act’s (ACA’s) shared responsibility provisions. The tribe argued that Congress didn’t intend to cover tribal employers. Facts of the case: The Northern Arapaho Tribe, a federally recognized Indian tribe,...

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