ACA Penalties on the Way, IRS Letter 5699 Requests Missing Reporting

Recently, the IRS began sending Letter 5699 to request missing 2015 Affordable Care Act (ACA) reporting from Applicable Large Employers (ALEs).  A sample of this letter is available here. In the Letter 5699, titled “Request for Employer Reporting of Offers of Health Insurance Coverage (Forms 1094-C and 1095-C)”, a tax compliance officer is notifying the [Read More…]

Have the Election Results Impacted Employers’ ACA Compliance Strategy?

Have the Election Results Impacted Employers’ ACA Compliance Strategy? Despite the results of the presidential election, only 3% of employers surveyed have put their ACA compliance strategy on hold until additional guidance is provided, according to a recent poll conducted by Equifax during a webinar: Piecing Together ACA: Reporting, Subsidy Appeals, and Employee Education. In [Read More…]

Upcoming Webinar: The New Form I-9 and Election’s Impact on Immigration

” Understanding the New Form I-9 and the Election’s Potential Impact on Immigration Reform”   Webinar Date: Thursday, Jan. 19, 2017 Time: 12:00 PM ET, 11:00 AM CT, 10:00 AM MT, 9:00 AM PT Fee: Free Join us to hear a leading immigration attorney explain the key changes to the newly released version of Employment Eligibility [Read More…]

Are American Consumers Taking On Too Much Debt?

How much consumer debt is too much? This infographic from Visual Capitalist uses extensive Equifax data to try and answer this question. Courtesy of: Visual Capitalist

Wage Audits on the Rise; New Digital Solution Can Help

As many employers have noticed, the frequency of wage audits has been on the rise. On average,  12-15% of our clients’ unemployment claims are audited. According to the United States Department of Labor, nearly $11 out of every $100 in unemployment benefits are improperly paid; therefore, nearly $3 billion in unemployment benefits are improperly paid [Read More…]

Webinar: Enable Easier Rules Management with InterConnect

  For many years, organizations across the globe have relied on InterConnect®—a leading cloud-based, modular decision management platform from Equifax—to help them move quickly and efficiently from initial business strategy to measureable results in the marketplace. Now Equifax has teamed up with Sparkling Logic to strengthen one of InterConnect’s core products. The result is the [Read More…]

Webinar | New Form I-9 and Election’s Impact on Immigration Reform

Date: Tuesday, Dec. 6, 2016  Time: 1:00 PM ET, 12:00 PM CT, 11:00 AM MT, 10:00 AM PT Fee:  Free   Join us to hear a leading immigration attorney explain the key changes to the newly released version of Employment Eligibility Verification form (“Form I-9”). Montserrat Miller, Partner at Arnall Golden Gregory LLP, will lead a [Read More…]

Webinar | Getting the Most out of WOTC: 3 Employers Speak

Date: Wednesday, Nov. 30, 2016  Time: 3:00 PM ET, 2:00 PM CT, 1:00 PM MT, 12:00 PM PT Fee:  Free Join us to hear three employers discuss their WOTC programs and share best practices for taking full advantage of this valuable credit. Three HR/payroll/Tax pros will talk about how they manage their Work Opportunity Tax [Read More…]

ACA Update: IRS Extends Distribution Deadline for 1095 Forms

Were you greeted at work today by news of the IRS extending the distribution deadline for 1095 forms? The Equifax ACA team has reviewed the official documentation from the IRS to provide you with the important details you need. Following consultation with stakeholders, the Department of the Treasury and the IRS have determined that a substantial [Read More…]

Black Friday Brings A Spike in Credit Card Account Openings

For the past four years, the Sundays before and after Black Friday have seen a fairly consistent 50% increase in the opening of retail credit card accounts over an average day in November or December. New retail credit card openings peak on Black Friday, when consumers on the average have continued to open nearly 3 [Read More…]