Following passage of the the Tax Cuts and Job Act in December 2017, the IRS has issued a new form W-4 for 2018. The IRS also released an updated tax withholding calculator on IRS.gov that employees can use to help determine their 2018 tax withholding. The IRS is not requiring employees to provide new W-4’s... Read more
The IRS announced today that it has extended the 2018 due date for certain entities to provide 2017 health coverage information forms to individuals. Insurers, self-insuring employers, other coverage providers, and applicable large employers now have until March 2, 2018, to provide Forms 1095-B or 1095-C to individuals, which is a 30-day extension from the... Read more
For the 7th consecutive year, California Employers will be assessed additional federal unemployment taxes (FUTA) because the state failed to repay the outstanding loan balance to the federal government by the November 10th deadline. https://www.irs.gov/businesses/small-businesses-self-employed/futa-credit-reduction California Employers subject to FUTA, will pay an additional 2.1% on FUTA taxable wages (first $7000 of taxable wages times... Read more
Reporting Requirements for Large Employers subject to Mandates
Key Provisions of the Affordable Care Act
Affordable Care Act Tax Provisions
Questions and Answers on Employer Shared Responsibility Payment “Penalty”
Small Business Tax Credit FAQs
