Monthly Archives: December 2017

Deadline for Furnishing Statements Extended from January 31 to March 2

December 28th, 2017

IRS Notice 2018-06: Deadline for Furnishing Statements Extended from January 31 to March 2 The IRS has extended the deadline for employers, insurers, and other providers of minimum essential coverage to furnish the 2017 forms 1095-B and 1095-C to individuals. The due date is now March 2, 2018. The due date for filing the 1095...

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Social Security Administration Corrects Its Taxable Amount

December 21st, 2017

In October, the Social Security Administration made its usual announcement about changes in the maximum salary level subject to the Social Security tax. The new figure was $128,700, an increase of $1,500 over the old limit. However, in late November, the SSA took the unusual step of lowering this figure from $128,700 to $128,400. This...

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The Right Way To Adjust Salary Scales: Cost of Labor vs. Cost of Living

December 21st, 2017

When you decide how much to budget for pay increases and how to adjust your salary scales, do you use cost of living data? Step away from the tables. They’re not going to get you the talent your company needs to succeed. Cost of Labor How much more money gas may cost one consumer compared...

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Reducing Your Company’s Bottom Line: Dependent Eligibility Audits

December 21st, 2017

Rising costs make health care into a make-or-break issue for many businesses, especially smaller ones. In fact, recent figures from the Bureau of Labor Statistics suggest that 57% of workers at firms hiring 100 employees or fewer have less access to employer-sponsored healthcare. And because the Affordable Care Act (ACA) expanded dependent eligibility to 26...

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