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Affordable Care Act Notification Penalty as of October 1, 2013

By |2013-09-10T16:24:06+00:00September 10th, 2013|Categories: Business Wise, Uncategorized|Tags: , , , , |

Beginning October 1, 2013 any business with at least one employee and $500,000 in annual revenue must notify all employees by letter about the Affordable Care Act’s health-care exchanges, or face a fine up to $100 per day. This requirement applies to any business regulated under the Fair Labor Standards Act, regardless of size.  Going forward, [...]

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Employers Receive Transition Relief for WOTC Certification

By |2013-04-10T14:24:09+00:00April 10th, 2013|Categories: Business Wise, Uncategorized|Tags: , , , , , , , , |

In the recently released Notice 2013-14, the IRS provided a bit of relief for employers who wish to take advantage of the Work Opportunity Tax Credit (WOTC), which was retroactively extended by the American Taxpayer Relief Act of 2012 (ATRA). Employers now have until April 29, 2013, to file the qualified employee certification form with their [...]