TelePay Insurance

ICE Promises Employers More I-9 Audits

Important I-9 Audit Information Employer’s Must Know The administration proposed budget for FY19 includes $47.5 billion for DHS for "strengthening border security, ensuring enforcement of immigration laws, and reforming the legal immigration system." The administration’s proposed $571 million to hire 2,000 additional Immigration and Customs Enforcement (ICE) officers and $132 million for E-Verify; The administration called on Congress to require all employers to use E-Verify to check...
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TelePay Insurance

What Employers Need To Know About Immigration I-9 Forms - 2018

Update #3: What To Do About Immigration I-9 Forms Do not allow any government entity, and specifically DO NOT ALLOW the Customs & Immigration Service, or U.S. Homeland Security to obtain or review your records UNLESS provided a Notice of Inspection.  If you receive a Notice of Inspection for I-9 forms, you must post a notice for employees immediately informing them that the process will occur. If the I-9 review raises questions about any particular employee's status, that employee must be in...
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Impact of Undoing Exemption From The ACA Individual Mandate Hotly Debated

The debate surrounding the pending repeal of the Affordable Care Act’s centerpiece requirement that most people get insurance or pay a penalty is alive and well. A measure to repeal the ACA's mandate was rolled into the recently proposed tax plan and is currently being vigorously debated. But now, more experts are concluding that rising premiums next year would exempt many more people from the mandate. The exemption applies if the least-expensive health insurance available costs more than ...
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Health Policy Update

Nov. 1, 2017 - ACA Open-enrollment Period Approaches As of March 2017, about 10.3 million people signed up and paid for coverage on the ACA exchanges. The next enrollment period begins Nov. 1, 2017 and lasts 45 days.  HHS officials said there is no evidence the ads have boosted enrollment in the past. About 10.3 million people signed up and paid for coverage as of March 2017, down from 10.8 million in March 2016.  Recent decisions are to eliminate $116 million from outreach programs aimed at sig...
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The Tax Corner - May 2015

By Nancy Espinoza, Tax Manager IRS Announces 2016 HSA Limits The IRS has announced the 2016 contribution limits for high-deductible health savings account. For individuals with self-only coverage, the contribution limit will remain at $3,350. For family coverage under a high-deductible plan, the 2016 limit will increase to $6,750. For details, click here . U.S. Department of Labor Publishes List of Potential Credit Reduction States for 2015 In March 2015, the Department of Labor published the St...
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The Tax Corner - April 2015

By Nancy Espinoza, Tax Manager Required Paperwork for Newly Hired Employees In order to stay compliant with the various government agencies, employers should be aware of necessary paperwork required when hiring new employees: Under the Immigration Reform and Control Act of 1986, all employers are required to verify the identity and the eligibility of employees to work in the United States using Form I-9. The current Form I-9 can be accessed by clicking here . For details on how to complete the f...
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The Tax Corner - March 2015

IRS Releases Initial Guidance for High-Cost Healthcare Plans On February 24, 2015, the Internal Revenue Service released a notice which offers initial guidance on the Affordable Care Act's 40 percent excise tax on high-cost health plans. The tax will be effective in 2018 for so-called “Cadillac” healthcare plans. The IRS notice addresses the definition of applicable coverage and describes how the cost of applicable coverage is determined. Click here to view the notice.   Department of Labor...
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The Tax Corner - February 2015

By Nancy Espinoza, Tax Manager IRS Releases Updated Affordable Care Act “Shared Responsibility” Information In January 2015, the IRS released updated information on the employer shared responsibility provisions of the ACA (Affordable Care Act) which became effective as of January 1, 2015. The IRS encourages employers to be prepared and to make decisions regarding the health insurance coverage offered to their employees. No employer shared responsibility payments will be due for 2014. For more in...
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TelePay Insurance

Independent Contractor (Self-Employed) or Employee?

It is critical that business owners correctly determine whether the individuals providing services are employees or independent contractors. Generally, you must withhold income taxes, withhold and pay Social Security and Medicare taxes, and pay unemployment tax on wages paid to an employee. You do not generally have to withhold or pay any taxes on payments to independent contractors. Select the Scenario that Applies to You: I am an independent contractor or in business for myself If you are a bu...
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