Monthly Archives: October 2016

Start Date of the New Federal Overtime Rule Faces Opposition

October 24th, 2016

The U.S. House of Representatives passed and sent to the Senate a bill that would delay the start of new federal overtime pay rules from December 1, 2016 to June 1, 2017. However, President Obama has indicated he will veto the bill if it hits his desk. The House bill was introduced shortly after officials from...

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Reviewing the Draft 2016 Instructions for Forms 1094 and 1095

October 24th, 2016

The IRS has now released the draft 2016 instructions for both the “B” and “C” versions of Forms 1094 and 1095. The agency uses the forms to enforce provisions of the Affordable Care Act (ACA). It’s important for employers to stay apprised of changes to these critical documents. The B Forms These are filed by...

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Compliance Alert-ACA Section 1557 (Action Required for “Covered Entities” on October 17th)

October 13th, 2016

In May, the Department of Health and Human Services (HHS) published a final rule implementing Section 1557 of the Affordable Care Act (ACA) which prohibits discrimination on the basis of race, color, national origin, sex, age, or disability in certain health programs or activities. The rule is effective for plan years beginning on or after...

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BASIC’s ACA Reporting & Filing Service Promo

October 6th, 2016

BASIC’s ACA Elevate is a stand-alone solution that generates 1094-C/1095-C forms and electronic filing to the IRS. ACA Elevate offers two different solutions to ensure every employer remains compliant with 2016′s 6055/6056 Reporting Requirements. BASIC’s compliance service was recently recognized as one of the top 15 producers by a leading Health Insurance Carrier. With proven success and...

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Are You Ready for the New Overtime Rules?

October 6th, 2016

Are You Ready for the New Overtime Rules?   The deadline for the Department of Labor’s (DOL’s) new final overtime rule is scheduled to be December 1, 2016. While CFOs at most large U.S. companies have been working overtime themselves to prepare for the changes, many small and midsize firms haven’t been as quick to react.Current...

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