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IRS Quick Update: Notice 2016-75

ACA Times

In a short update to Notice 2016-75 under Section 45R of theInternal Revenue Code, the IRS has shed some light on how small businesses can seek relief in unique circumstances. However, for some businesses located within a county for the 2016 calendar year, there may be no QHPs available in their SHOP.

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South Africa attempts Compliance, Cracks Down on Illegal Employment

Global People Strategist

The report, which summarized research conducted by the Johannesburg-based higher education institution between 2012 and 2014, established that many of the employed undocumented foreigners are hired to do menial tasks. On the one hand, officials are ensuring compliance by rooting out illegal employees.

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“Pay or Play” Penalties For 2015 and 2016

ACA Times

The IRS has announced the 2015 and 2016 “pay or play” penalties, adjusted for inflation, that may be imposed on employers who fail to comply with the Affordable Care Act’s employer mandates. Both amounts are adjusted annually for inflation after 2014. per month, multiplied by the total number of employees minus 80.

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Freelance and Contract Workers: Why Comprehensive Background Checks are Important

Cisive

The number of freelancers in the European Union doubled between 2000 and 2014, making them the fastest growing group in the EU labor market, according to the Association of Independent Professionals and the Self-Employed (IPSE). Lyft also settled a lawsuit stemming from lax background checks in 2014. Where Background Checks Come In.

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Grandmothered ACA Plans Receive Transition-Relief Extension

ACA Times

These “grandmothered” plans were originally sold post-ACA enactment (March 23, 2010) but before January 1, 2014 (before ACA market reforms took effect). Plans that were originally sold post-ACA enactment (March 23, 2010), but before January 1, 2014 (before ACA market reforms took effect). More than $4.5

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Earned Wage Access: Key Compliance Considerations

DailyPay

But all earned pay access providers are not all the same when it comes to compliance, a key concern of payroll teams. If you’re considering offering a daily pay benefit, you need to do your due diligence when it comes to choosing an earned wage access provider who adheres to rigorous compliance standards. BOOK A DEMO.

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Temporary Nondiscrimination Relief Gets Another Year Extension By IRS

ACA Times

Notice 2016-57 explains that for another year, temporary relief may be provided for closed defined benefit plans. Temporary relief was provided pursuant to Notice 2014-5, for plans beginning before 2016. We’re committed to helping companies reduce risk, avoid penalties, and achieve 100% ACA compliance.