ACA Reporting Requirements, Are You Asking the Right Questions?

ACA Reporting Requirements, Are You Asking the Right Questions?

The ACA defines an ALE as having an average of at least 50 full-time or full-time equivalent employees. For employers with 50-99 full-time or full-time equivalent employees, there is transition relief available from the Employer Mandate for 2015, but such employers must still complete Forms 1094-C and 1095-C.

When is “De minimis” not de minimis?

When is “De minimis” not de minimis?

What does De minimis mean? Wikipedia defines De minimis as a Latin expression meaning about minimal things, normally as, de minimis non curat lex (“The law does not concern itself with trifles”). In risk assessment, it refers to a level of risk that is too small to be concerned with or does not merit review of […]

In 2016, Some Employers Will Need AIR

In 2016, Some Employers Will Need AIR

Affordable Care Act Information Returns ALE (Applicable Large Employers) will need to report certain information on their employer-sponsored group health coverage to both participants and the IRS starting in early 2016. Any employer who is preparing 250 or more information returns* must file those returns electronically with the IRS using its new ACA Information Returns […]

Don’t Do It. Willful Violations Mean Big Fines.

Don’t Do It. Willful Violations Mean Big Fines.

Wage & Hour Law Violators and the ACA in 2016 With complex ACA reporting looming large in 2016, employers are getting nervous about reporting requirements. Some employers might even be tempted to misclassify their employees as independent contractors, under report hours, or deliberately file incorrect information to avoid employer shared responsibility. Do so at your […]

Technology Innovation Hits Insurance Brokers Hard: Pain or Gain?

Technology Innovation Hits Insurance Brokers Hard: Pain or Gain?

While other facets of doing business have been going through the growing pains of adopting innovation, insurance brokers have been able to dodge that bullet. That is, until recently. With the exception of keeping up with changing regulations, insurance brokers have been challenged to maintain pace with just industry-specific challenges. Things are different now. The […]

ACA compliance and reporting in 2016, are you ready?

ACA compliance and reporting in 2016, are you ready?

ACA Changes to Tax Reporting in 2016 and Beyond. The requirements of the Affordable Care Act starting in 2016 have many employers doing everything from hiding under their desks to ignoring it until it’s time to pay the piper. This complex legislation requires employers to track employee hours monthly, offer health care coverage in accordance to […]

How OmegaComp HR is Keeping Pace With Marketplace Changes.

How OmegaComp HR is Keeping Pace With Marketplace Changes.

In recent years, the benefits landscape has changed dramatically. With aggressive online merchants offering free software, the market place is responding with more sophisticated criteria and dictating product and service offerings at a whole new level. While competition and options are great for the consumer, they can be overwhelming, confusing, and frustrating for business owners. […]

Ten Things We Bet You Didn’t Know About Red-Light Running

Ten Things We Bet You Didn’t Know About Red-Light Running

Car crashes rank among the leading causes of death in the United States and the leading cause of death for children, teens and young adults up to age 34. In the last decade, red-light running crashes killed nearly 9,000 people. You or your loved ones are more likely to be injured due to a red-light […]

FAQs About Holiday Pay in California

FAQs About Holiday Pay in California

With the 4th of July falling this year on a Saturday, we thought this would be a good time to post some information about state and federal holidays, holiday pay and paid time off. FAQs about Holiday Pay in California State of California employment law does not require that an employer provide its employees with […]

Why is Human Resource Management Important?

Why is Human Resource Management Important?

The Human Resource Management of your business is the hub at which all points of contact are maintained, the work culture is established and enforced, staffing levels and employee training maintained, salary and benefits packages are evaluated and provided, employee advancement and discipline is conducted, and salary is evaluated. You could say that HR is […]