The term PTO may not be familiar within every organization, but many are considering whether a new policy, shifting from the traditional accruals of vacation, sick and maybe even personal time off, may be a good option. PTO, or Paid Time Off takes all of the traditional accruals and puts them into a single block Read more →

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New reporting requirements under Internal Revenue Code Sections 6055 and 6056 will be used to enforce the individual mandate and employer mandate. Employers need their HR department, payroll department, payroll vendor, benefits broker/consultant and tax advisors to work together to discuss how each of their respective areas manage the information required to meet the reporting Read more →

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I’m borrowing my friend’s car … am I covered? Most people have an idea of what’s covered and not covered under their various insurance policies. But at Bateman, Gordon & Sands, we get a lot of questions about borrowing or loaning a car. Now that spring is around the corner, and you might be looking Read more →

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The Affordable Care Act (ACA) created new reporting requirements under Internal Revenue Code (IRC) sections 6055 and 6056. Under these new reporting rules, certain employers must provide information to the Internal Revenue Service (IRS) about their health plan coverage that they offer (or do not offer) to their employees. This new reporting is intended to Read more →

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Section 4980H – Employer ‘Play-or-Pay’ Mandate Section 4980H of the Internal Revenue Code, as added by the ACA, equires “applicable large employers” with 50 or more full-time employees (including full-time equivalent employees) to offer health coverage to full-time employees and their children or pay a penalty. Even employers that offer coverage may incur a penalty Read more →

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