Managing the ACA – Workforce Trends by Industry

ACA Compliance

What do your industry’s trends say about how you should manage the Affordable Care Act? Did you know that 65% of employees in the U.S. are hourly? Are you aware that, based on the average pay rate for hourly workers, the maximum monthly premium for healthcare to be considered “affordable” under the Affordable Care Act [Read More…]

A Deep Dive into ACA IRS Reporting with Intuit and Equifax

shutterstock_16600336

A Deep Dive into ACA IRS Reporting with Intuit and Equifax Form 1095 for the Affordable Care Act is often called the “W-2 of benefits”. However, the stakes are much higher when it comes to reporting under ACA because this information will determine the penalties that you and your employees could face for failing to [Read More…]

Retro WOTC: Real Value, Little Time

Money on Table

Staffing firms’ onboarding processes are filled with challenges due to a rapidly changing contingent workforce environment, high turnover and hiring rates, and operational inefficiencies; which has a direct impact on their bottom line. This makes staffing organizations a prime candidate to benefit from a WOTC screening platform that delivers an automated process and service that helps identify, qualify, and [Read More…]

Decoding ACA: IRS Reporting and Subsidy Management

shutterstock_174380087

Decoding ACA: IRS Reporting and Subsidy Management Webinar: Tuesday | April 21 | 2:00 PM EDT IRS reporting forms 1094 and 1095 for the Affordable Care Act (ACA) have been finalized and coding the forms can be especially complex when taking into consideration new concepts such as limited non-assessment periods, affordability safe harbors, and varying [Read More…]

Visit Equifax Workforce Solutions at the SIA Executive Forum

SIA-Email-Header-4591-v1

Staffing Workforce Compliance at SIA Executive Forum We manage workforce compliance processes such as:  I-9, WOTC, ACA, Onboarding, HR Notifications, Unemploymnet Cost Management and more to allow you to focus on implementing business strategy that optimizes your recruiting and selection, training, and post-assignment processes.  We are driven to help you increase your profit margins. Visit [Read More…]

IRS Releases Final 1094-C and 1095-C Forms and Instructions

ACA Compliance

On February 9, 2015, the Internal Revenue Service (IRS) released the final Forms 1094-C and 1095-C that are required to comply with section 6055 and 6056 of the Affordable Care Act (ACA). Employers that are subject to the employer shared responsibility provisions under section 4980H, generally Applicable Large Employer (ALE) Members (those with 100 or [Read More…]

Obama’s Budget Proposal Calls for Strict Enforcement of ACA Penalties for Employers

ACA compliance

President Obama’s Fiscal Year 2016 federal budget proposal, released on February 2, 2015 by the White House Office of Management and Budget (OMB), includes a specific provision where the IRS will ramp up enforcement efforts to “address noncompliance” including oversight of various fees, tax credits and the individual and employer responsibility provisions of the Affordable [Read More…]

WOTC Renewed!

Barack Obama WOTC Renewal

The President has signed into law the Tax Increase Prevention Act of 2014 that extends the Work Opportunity Tax Credit (WOTC) retroactively from Jan 1, 2014 through December 31, 2014. The measure also includes a retroactive extension of other federal hiring credits – both the Federal Empowerment Zone and Indian Employment Credits. This positive result [Read More…]

The Affordable Care Act: Preparing for 2015

ACA Alert

January 1, 2015 is an important date for the Affordable Care Act. This is not only when large employers must begin providing healthcare coverage to eligible employees, but it’s also when organizations must start tracking all the necessary data to fulfill section 6055 and 6056 reporting requirements. While many employers believe they do not have [Read More…]

Mergers and Acquisitions – Volumes in Staffing Sector Remain Strong

shutterstock_113477080

Mergers and acquisitions – tax pre-planning is key Although some of the larger staffing companies have been quiet on this front while they continue to absorb large acquisitions and consolidate platforms,  mergers and acquisitions activity continues to remain strong with IT and Healthcare being a focus.  Staffing Industry Analysts estimates U.S. temporary staffing M&A activity at roughly [Read More…]