This Just In: Mini COBRA Law for Arizona

Try not to panic.  While this is important information coming down the pike, it relates to insurance coverage, not the terrifying serpent native to Southeast Asia.  I know, I know, you have to take a moment to catch your breath.  You thought you were going to read about how to manage a baby snake population … Read more
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Reaping the Benefits: 2% Shareholder Health Insurance

2% Shareholder Insurance – explained by great-grandma and treats Learning the differences among limited-liability corporations (LLCs), c corps, and s corps can be confusing. It may remind you of your Great-Grandmother trying to remember her great-grandkid’s names, and who their parents are. Who belongs where, and what belongs to them? It is a whole lot … Read more

The Guts of Workers’ Compensation: How to Calculate Your Payment

Calculating Workers’ Compensation Great employers pride themselves on preparing their workers so they understand how to prevent on-the-job injuries. Some employers even display a running total of the number of days in a row without a work-related injury. While an injury-free workplace is something all companies should strive for, accidents still happen. Because of the … Read more

Do I Have to Carry Workers’ Compensation Insurance and How do I Avoid Audits?

1.  Do I have to Carry Workers’ Compensation Insurance?  2.  And how do I avoid those audits? Answers: 1.  Yes. Workers’ compensation insurance is a state-mandated program that provides medical benefits and wage replacement to employees when they are injured on the job, or come down with a work-related illness. It is not one-size-fits-all.  Each … Read more

American Health Care Act of 2017

On May 4th, the House passed a bill that would replace the Affordable Care Act. The bill would eliminate the need for employers to calculate whether they had 50 or more full-time equivalent employees in a year and repeal most taxes under the law. Under this new bill, known as the American Health Care Act … Read more

Executive Order Allows Reduction of ACA Burdens

An executive order signed January 20th by President Donald Trump gave wide latitude to federal agencies and states by allowing them to minimize the economic and regulatory burdens of the Affordable Care Act. Under the order, agencies and states were allowed to waive, defer, offer exemptions or delay “the implementation of any provision or requirement … Read more

ACA Deadlines Pushed Back

The IRS has announced that the due dates for certain information reporting requirements for 2016 imposed by the Patient Protection and Affordable Care Act (ACA) are pushed back. This notice by the IRS specifically extends the due date for furnishing to individuals the 2016 Form 1095-B, Health Coverage, and Form 1095-C, Employer-Provided Health Insurance Offer … Read more

2017 Social Security Wage Base

On October 18th, the Social Security Administration announced that the Old-Age, Survivors and Disability Insurance (OASDI) taxable wage base is to increase to $127,200 in 2017 from $118,500 in 2016. The maximum 2017 OASDI portion of the Federal Insurance Contributions Act tax payable by each employee is $7,886.40 or 6.2 percent of the wage base. … Read more

IRS Releases Final ACA Reporting Forms

You may feel like you’re just finishing up filing for 2015 but IRS reporting is just around the corner. If you would like TLC to track, report, and file all of the necessary ACA (Affordable Care Act) forms for your business, please email your payroll manager or   What You Need to Know The … Read more