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What is a Lookback Period?

Zenefits

For many small businesses, keeping up with the laws and regulations surrounding taxes – especially employer payroll taxes – is an ongoing challenge. As you strive to stay current with evolving legislation and payments that need to be made, there’s yet another aspect of tax law that must be considered: the lookback period.

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COBRA subsidy FAQs: Answers to the most common questions

Benefit Resource Inc.

Please continue to check our blog page for updates on this developing topic. What benefits are eligible? What is the subsidy period? The subsidy period begins on April 1, 2021 through September 30, 2021. Notifications and Election Periods. What types of notifications are required? Eligibility.

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Top Risks Associated with using ACA Monthly Measurement Period instead of the ACA Look Back Measurement Period to Stay Compliant

Tango Health

Many of our customers ask what are the pro’s and con’s around Monthly Measurement Periods versus Lookback Measurement Periods. Let’s use examples to deep dive into top risks associated with ACA Monthly Measurement versus the Lookback Measurement method. ACA Monthly Measurement sounds simple.

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A Reference Guide to Employer Payroll Taxes for Small Businesses

Zenefits

For business, payroll taxes are a constant , regardless of how your revenue ebbs and flows. Here’s what you need to know. Form 941 must include details from the reporting period: Total number of employees. The IRS has a “lookback period” to help you determine when to pay. Calculating Payroll Taxes Due.

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Top 9 Reasons Your Organization Might Receive an ACA Penalty

Tango Health

Knowing your risk for these penalties as an employer is more than simply calculating missed offers of coverage. Employers must understand the inherent risks in their organization based on how they are structured, the nature of their businesses, and the approach taken toward ACA compliance. A-Penalties are rare, but very large when they apply.