Minimum Wage – January 1, 2019
Minimum Wage - January 1, 2019 California Minimum Wage - $12.00 SF Minimum Wage - $15.00 ($11.00 for employers with 25 Employees or Less) [...]
SF Labor Law Updates for January 1, 2019
SF Labor Law Updates for January 1, 2019 1. 2019 Health Care Expenditure rates Under the Health Care Security Ordinance, employers must spend a minimum amount on health care for their San Francisco employees. As of January 1, 2019, the rates are as follows. • Employers with 20-99 workers worldwide: $1.95 per hour. • Employers [...]
ACA Ruled Unconstitutional – Law Remains in Effect During Appeal
ACA Ruled Unconstitutional – Law Remains in Effect During Appeal On Dec. 14, 2018, U.S. District Judge Reed O’Connor issued a ruling that determined the Affordable Care Act (ACA) is unconstitutional because of last year’s change to the federal tax law that zeroed out the ACA’s individual mandate penalty. The ruling was in favor of [...]
IRS Extends 2018 Reporting Due Dates for 1095 Forms Sent to Individuals
IRS Extends 2018 Reporting Due Dates for 1095 Forms Sent to Individuals On Nov. 29, 2018, the Internal Revenue Service (IRS) announced extended deadlines for 2018 Minimum Essential Coverage (Section 6055) and Large Employer Shared Responsibility (Section 6056) reporting due to individuals in early 2019. The extended deadlines are as follows: 2018 Forms Sent to [...]
ACA Affordability Percentages for 2019
The IRS announced the affordability percentages for 2019. These percentages apply for three purposes: Employer Shared Responsibility Individual Mandate Exemption Premium Tax Credit Availability (to an individual) Employers are most interested in the first one listed above. Under the Employer Shared Responsibility provisions, large employers who do not offer affordable, minimum value coverage face potential [...]
Health Care Security Ordinance (HCSO)
HCSO News EMPLOYER ANNUAL REPORTING: The online 2017 Employer Annual Reporting Form is now available. Employers covered by the Health Care Security Ordinance are required to submit the form by April 30, 2018 or face penalties of up to $500 per quarter. Please review the 2017 Employer Annual Reporting Form Instructions before you begin. You [...]
IRS Announces Second Switcheroo For 2018 Health Savings Account Contribution Limits
Source: Forbes If you were one of the few people who stuffed or was trying to stuff your 2018 health savings account to the max before the tax overhaul ratcheted back the contribution limit, you can breathe easy. The Internal Revenue Service announced today in a revenue ruling that it will let taxpayers stick with the original [...]