Deadlines are fast approaching for employers to develop their strategy to deal with the 2014 requirements of the Affordable Care Act. Will you drop coverage and pay the penalties? Or, find a way to restructure either your plan or your workforce to comply at a cost you can live with? How will all the newly released guidance and rules affect your particular situation?
This fast paced Webinar full of the facts and strategy ideas you need to begin to create your healthcare plans for 2014. Guest Speaker: Kristen Russell of Fall River Employee Benefits, with ASAP’s Richard Betts acting as the moderator.
Please fill out the registration form to view this presentation.
The U.S. Citizenship and Immigration Services (USCIS) has published a revised Form I-9 Employment Eligibility Verification on 03/08/2013. The use of the new form is effective immediately, and becomes mandatory on May 8th.
ALERT> If you recently received or purchased Labor Law Posters for 2013, there has been a recent update to the Federal Labor Law posting requirements. In order for your business to stay in compliance, the updated posting below should be downloaded, printed, then posted next to your current labor law poster. Federal Labor Law changes are mandatory to post. Action needs to be taken to immediately update your labor law postings.
MANDATORY CHANGESFamily Medical Leave Act – DEADLINE TO POST IS MARCH 8, 2013 Poster was updated to reflect new information clarifying eligibility requirements and the Military Family Leave entitlements under the FMLA. The poster holds revised text as well as a new revision date.
ASAP is still offering Labor Law Posters for 2013; we have a limited supply left. Both State and Federal posters available for just $30. Email email@example.com to reserve your posters.
One of the bigger planning challenges employers will be faced with in 2013 is what to do with their health benefits come 2014.
Major provisions of the federal healthcare legislation will take effect on January 1, 2014. However, employers will need to use and analyze information about workers they employ during 2013 to determine which provisions they will be subject to in 2014.
The Internal Revenue Service has issued proposed regulations on the shared responsibility for large employers to provide health coverage under the Affordable Care Act >>review. Additionally, the IRS posted a questions and answers document late December to explain Employer Shared Responsibility >>review at IRS.gov.
*ASAP’s Founder and CEO, Richard Betts, has been serving on the Board with the Colorado Health Benefit Exchange since July of 2011. As Vice Chairman of the Board, Betts works closely with Chairman Gretchen Hammer and Executive Director Patty Fontneau in carrying out the mission of the Exchange. If you have any questions regarding the Exchange, don’t hesitate to call ASAP and Richard can direct you to the best resource.
The U.S. Postal Service, challenged with financial losses, announced that it will stop delivering mail on Saturdays starting in August.
Many businesses and consumers may not be too affected by changes to the USPS as many have already converted processing functions to online platforms such as online bill pay and electronic document storage and delivery. We are in the age of “e” – electronic services from cloud-based technologies to electronic document storage and delivery to online accounting.
Are you taking advantage of electronic options for your business? ASAP offers a variety of web-based business accounting solutions, from Web Payroll, to QuickBooks, coupled with Paperless Bill Management and Online Receivables. Let us help provide the perfect bundle to meet your specific needs and assure your financial activities are not affected by any changes with the U.S.P.S.
W-4 Form 2013 is now available for download.
As always, the IRS encourages workers to review their withholding every year and, if necessary, fill out a new W-4 and give it to their employer. Examples of when a new W-4 is applicable include; individuals with multiple jobs, people who are having children, getting married, getting divorced or buying a home, as well as those who typically wind up with a balance due or large refund at the end of the year may want to consider submitting revised forms.
To download all employer/employee forms, including W-4, I-9, and Affirmation of Legal Work Status visit ASAP Accounting & Payroll’s “Downloads/Forms” web page.
Do you know how much your employer is paying for your health benefits? Check box 12 of your W-2…
The New York Times >> To open eyes, W-s List Cost of Providing a Health Plan
NOTE: for security purposes, we do not discuss payroll matters with employees. Requests for address changes, copies, etc. must be addressed directly to the Employer.
Employers are required by State and Federal laws to post all existing labor laws in an area frequented by employees to ensure that all employees have a complete understanding of their rights. There are significant fines associated with non-compliance.
ASAP is your one-stop solution to poster compliance.
Email asap@businessASAP.com if you are interested in purchasing your updated poster.
COLORADO MINIMUM WAGE increases to $7.78 per hour from 7.64 per hour. For tipped employees, the new minimum is $4.76 per hour (up from $4.62).