Ted Ginsburg, CPA, JD from Skoda Minotti's Employee Benefits group provides an update on the Affordable Care Act (ACA) for employers who were not subject to it in 2015, but are facing IRS filing requirements moving forward.
Affordable Care Act: Preparing for the 2015 Tax ProvisionsSkoda Minotti
This presentation discusses issues that employers who will be subject to the Affordable Care Act must prepare for, including:
1. Determining which employees must be offered coverage
2. Analyzing payroll to determine the amount that can be charged to employees
3. Creating a record to respond to potential IRS assessments of excise tax
This popular session returns in 2015 with 12 new great ideas. There are a number of incentives out there for companies and individuals alike that, unless you are looking specifically for them, they may be overlooked.
Rollovers: the impact it can have on your retirementAndrew Leeman
While leaving your money in your former employer's plan may be an option, one way to gain more control of your assets is to consolidate your retirement funds into a single individual retirement account (IRA). Email me with any questions: aleeman@ft.newyorklife.com
Common 401(k) Plan Operational DeficienciesSkoda Minotti
This presentation covers some of the most common 401(k) plan deficiencies and errors and how plan sponsors can go about correcting these issues before they escalate.
HR Webinar: The American Rescue Plan Act of 2021: New Employer Opportunities ...Ascentis
On March 11, 2021, President Biden signed into law H.R. 1319, the “American Rescue Plan Act of 2021” (APRA). The latest in an extended series of COVID-19 economic relief bills, with a price tag of $1.9 trillion and weighing in at an impressive 628 pages, ARPA will bring cumulative US federal pandemic relief spending to approximately $5.7 trillion. While the new law’s consumer provisions – like direct stimulus payments to about 89% of US taxpayers, extended unemployment benefits, and increased child tax credits – have gotten almost all the press coverage related to this law, as with prior laws (FFCRA, CARES Act, CAA) there are many employer-impacting provisions that have so far “flown under the radar.”
At Ascentis, we’ve hauled out our trusty “HCM radar detector” to hone in on just those provisions which may impact and delight (or maybe not?) employers, and the HR community, around the country.
Affordable Care Act: Preparing for the 2015 Tax ProvisionsSkoda Minotti
This presentation discusses issues that employers who will be subject to the Affordable Care Act must prepare for, including:
1. Determining which employees must be offered coverage
2. Analyzing payroll to determine the amount that can be charged to employees
3. Creating a record to respond to potential IRS assessments of excise tax
This popular session returns in 2015 with 12 new great ideas. There are a number of incentives out there for companies and individuals alike that, unless you are looking specifically for them, they may be overlooked.
Rollovers: the impact it can have on your retirementAndrew Leeman
While leaving your money in your former employer's plan may be an option, one way to gain more control of your assets is to consolidate your retirement funds into a single individual retirement account (IRA). Email me with any questions: aleeman@ft.newyorklife.com
Common 401(k) Plan Operational DeficienciesSkoda Minotti
This presentation covers some of the most common 401(k) plan deficiencies and errors and how plan sponsors can go about correcting these issues before they escalate.
HR Webinar: The American Rescue Plan Act of 2021: New Employer Opportunities ...Ascentis
On March 11, 2021, President Biden signed into law H.R. 1319, the “American Rescue Plan Act of 2021” (APRA). The latest in an extended series of COVID-19 economic relief bills, with a price tag of $1.9 trillion and weighing in at an impressive 628 pages, ARPA will bring cumulative US federal pandemic relief spending to approximately $5.7 trillion. While the new law’s consumer provisions – like direct stimulus payments to about 89% of US taxpayers, extended unemployment benefits, and increased child tax credits – have gotten almost all the press coverage related to this law, as with prior laws (FFCRA, CARES Act, CAA) there are many employer-impacting provisions that have so far “flown under the radar.”
At Ascentis, we’ve hauled out our trusty “HCM radar detector” to hone in on just those provisions which may impact and delight (or maybe not?) employers, and the HR community, around the country.
HR Webinar: Ho, Ho, Ho My Goodness: Compliance Review for Year-End 2019Ascentis
We, in HR, have some unique holiday traditions. Sometime between the turkey and cranberries, and the mistletoe and gift wrapping, our thoughts turn to compliance, and how our responsibilities may be changing at the first of the coming year. In this session, we will review the rather impressive list of HR, Benefits and Payroll-related changes coming our way in January 2020.
We hope to see you there! Stay tuned for more accredited session invitations.
Payroll Webinar: The Essentials for Third Party Sick Pay in 2020Ascentis
This webinar discusses the proper taxation and reporting of the fringe benefit known as third party sick pay. It discusses what is and is not third party sick pay, how the taxation is affected by the status of the provider (is or is not the employer’s agent), when this type of payment is taxable and/or reportable and who is responsible for this taxation and reporting.
HR Webinar: Immigration Changes and the Impact to Employers: 2018-2019Ascentis
It's not a government secret: The current administration is interested to change many elements of immigration policy and has a demonstrated preference that every job in the US that can possibly be filled by an American citizen, is. Yet despite one of the most full-throated verbal battles on Capitol Hill in recent memory (complete with a record government shutdown of 35 days), the Reconciliation Bills that finally got signed had virtually no changes to employment law or employer immigrant-status policy. E-Verify mandates continue to be controlled at the state level, with no nationwide mandate. So far, the primary changes in work visa and immigration policy have been via Executive Action, and in this session, we'll review the substantial movement on that front.
Affordable Care Act Reporting Requirements for 2015 [Webinar Slides]Sikich LLP
Generally speaking, an employer will not have any reporting requirement if it has fewer than 50 full-time and full-time equivalent employees in its controlled group and it sponsors a fully insured medical plan. All other employers will have at least some reporting. This appears to include employers with 50 to 99 employees for 2015 – even though the employer-shared responsibility requirement has been delayed until 2016 for most employers in this group, reporting is still needed to help determine whether individual employees owe penalties or are eligible for premium subsidies.
Payroll Webinar: Paying Overtime Under the FLSA: Part 2Ascentis
This is the second of a two-part webinar that will help you better understand the requirements and procedures involved in overtime calculation. Calculating overtime pay for nonexempt employees sounds so simple. But not so fast. The truth is that overtime rules and the mathematics required to arrive at the correct calculation can be extremely tricky. Our speaker will share her expertise and best practices for managing these calculations.
Penalties for overtime violations can be severe with the possibility of fines, imprisonment or both! Add civil suits to the mix and the results can be devastating to any business, no matter how large or small. Just to keep it interesting, most states use the same definition to calculate overtime as the FLSA does. So, even one, single error can earn you double the penalties.
Independent Contractor or Employee: Avoiding the Game of Guess Whobenefitexpress
Uber is in the news for a multimillion dollar settlement following a dispute over whether their drivers are employees or independent contractors, and they aren’t the only ones. Misclassifying an employee as an independent contractor is one of the costliest mistakes an employer can make.
Sort out which your employees are and learn your options for reclassifying workers in the webinar you literally can’t afford to miss.
Payroll Webinar: W-2’s vs. 1099’s: Understanding Who Should be an Independent...Ascentis
This webinar examines how the common law rule is used to determine worker status and which three requirements are used to correctly classify a worker as an independent contractor along with the requirements for when a worker must be classified as an employee. Misclassifying employees and independent contractors are getting more costly by the day. With federal and state agencies joining forces to combat misclassification, fines and penalties have skyrocketed. And every day the misclassification continues the penalties mount up and up until this ticking time bomb finally explodes! Find out how to defuse that ticking bomb by joining renowned payroll expert Vicki M. Lambert, CPP for this information packed webinar!
Payroll Webinar: The A to Z of Payroll Garnishments Part 3Ascentis
In parts two and three of the A to Z of Payroll Garnishments we discussed the legal aspects of garnishments, now in our third and final chapter we will turn our attention to the best practices for processing the garnishments within the payroll department.
We will apply our learnings and review examples of calculating all types of garnishments, including how to prorate when an employee has two or more child support withholding orders and not enough disposable income to cover both, the calculations for a federal tax levy, what to do if the employee has a creditor garnishment and a child support withholding order and more!
You’ve Received COVID-19 Related Federal Assistance – Now What?Citrin Cooperman
In this webinar, we discussed the complex web of audit and reporting considerations that organizations who received COVID-19 related federal assistance must consider as they approach year-end planning and look forward to 2021.
Payroll Webinar: A to Z of Garnishments Part 1Ascentis
In this three part series on the proper handling and processing of garnishments we will discussed the rules, regulations and requirements as they apply to withholding and paying child support, tax levies, creditor garnishments and others.
In Part 1 we focus on Child Support. Payroll departments must know both the federal laws and the state laws and must determine which one applies to the child support withholding order. In addition to these laws and regulations, the federal rules now require that a standard Income Withholding Order (IWO) be used for all child support withholding garnishments. This webinar will review this form and its requirements. And although the IWO can include all the information necessary to comply with the order, employers must familiarize themselves with both federal and state regulations to avoid penalties and liabilities. Withholding monies for child support is not the only requirement that applies to providing for a child, medical support orders are required to be process by payroll as well. And these orders have their own rules and regulations on both the federal and state level.
HR compliance update is essential for keeping up with ever-changing laws and regulations. Start 2020 confident you can handle the questions from supervisors, employees, and corporate leaders about employment law changes.
This presentation discusses the ramifications to your business and the changes required, all as a result of the long awaited Ohio Municipal reform (H.B. 5). This presentation will assist you in analyzing and determining the steps your business must take to be in compliance all in the name of conformity.
Topics Include:
How income tax refund fraud works
How to prevent income tax fraud from happening to you
What governmental income tax agencies are doing to try to stop income tax refund fraud
Other income tax-related frauds to be aware of this time of year
HR Webinar: Ho, Ho, Ho My Goodness: Compliance Review for Year-End 2019Ascentis
We, in HR, have some unique holiday traditions. Sometime between the turkey and cranberries, and the mistletoe and gift wrapping, our thoughts turn to compliance, and how our responsibilities may be changing at the first of the coming year. In this session, we will review the rather impressive list of HR, Benefits and Payroll-related changes coming our way in January 2020.
We hope to see you there! Stay tuned for more accredited session invitations.
Payroll Webinar: The Essentials for Third Party Sick Pay in 2020Ascentis
This webinar discusses the proper taxation and reporting of the fringe benefit known as third party sick pay. It discusses what is and is not third party sick pay, how the taxation is affected by the status of the provider (is or is not the employer’s agent), when this type of payment is taxable and/or reportable and who is responsible for this taxation and reporting.
HR Webinar: Immigration Changes and the Impact to Employers: 2018-2019Ascentis
It's not a government secret: The current administration is interested to change many elements of immigration policy and has a demonstrated preference that every job in the US that can possibly be filled by an American citizen, is. Yet despite one of the most full-throated verbal battles on Capitol Hill in recent memory (complete with a record government shutdown of 35 days), the Reconciliation Bills that finally got signed had virtually no changes to employment law or employer immigrant-status policy. E-Verify mandates continue to be controlled at the state level, with no nationwide mandate. So far, the primary changes in work visa and immigration policy have been via Executive Action, and in this session, we'll review the substantial movement on that front.
Affordable Care Act Reporting Requirements for 2015 [Webinar Slides]Sikich LLP
Generally speaking, an employer will not have any reporting requirement if it has fewer than 50 full-time and full-time equivalent employees in its controlled group and it sponsors a fully insured medical plan. All other employers will have at least some reporting. This appears to include employers with 50 to 99 employees for 2015 – even though the employer-shared responsibility requirement has been delayed until 2016 for most employers in this group, reporting is still needed to help determine whether individual employees owe penalties or are eligible for premium subsidies.
Payroll Webinar: Paying Overtime Under the FLSA: Part 2Ascentis
This is the second of a two-part webinar that will help you better understand the requirements and procedures involved in overtime calculation. Calculating overtime pay for nonexempt employees sounds so simple. But not so fast. The truth is that overtime rules and the mathematics required to arrive at the correct calculation can be extremely tricky. Our speaker will share her expertise and best practices for managing these calculations.
Penalties for overtime violations can be severe with the possibility of fines, imprisonment or both! Add civil suits to the mix and the results can be devastating to any business, no matter how large or small. Just to keep it interesting, most states use the same definition to calculate overtime as the FLSA does. So, even one, single error can earn you double the penalties.
Independent Contractor or Employee: Avoiding the Game of Guess Whobenefitexpress
Uber is in the news for a multimillion dollar settlement following a dispute over whether their drivers are employees or independent contractors, and they aren’t the only ones. Misclassifying an employee as an independent contractor is one of the costliest mistakes an employer can make.
Sort out which your employees are and learn your options for reclassifying workers in the webinar you literally can’t afford to miss.
Payroll Webinar: W-2’s vs. 1099’s: Understanding Who Should be an Independent...Ascentis
This webinar examines how the common law rule is used to determine worker status and which three requirements are used to correctly classify a worker as an independent contractor along with the requirements for when a worker must be classified as an employee. Misclassifying employees and independent contractors are getting more costly by the day. With federal and state agencies joining forces to combat misclassification, fines and penalties have skyrocketed. And every day the misclassification continues the penalties mount up and up until this ticking time bomb finally explodes! Find out how to defuse that ticking bomb by joining renowned payroll expert Vicki M. Lambert, CPP for this information packed webinar!
Payroll Webinar: The A to Z of Payroll Garnishments Part 3Ascentis
In parts two and three of the A to Z of Payroll Garnishments we discussed the legal aspects of garnishments, now in our third and final chapter we will turn our attention to the best practices for processing the garnishments within the payroll department.
We will apply our learnings and review examples of calculating all types of garnishments, including how to prorate when an employee has two or more child support withholding orders and not enough disposable income to cover both, the calculations for a federal tax levy, what to do if the employee has a creditor garnishment and a child support withholding order and more!
You’ve Received COVID-19 Related Federal Assistance – Now What?Citrin Cooperman
In this webinar, we discussed the complex web of audit and reporting considerations that organizations who received COVID-19 related federal assistance must consider as they approach year-end planning and look forward to 2021.
Payroll Webinar: A to Z of Garnishments Part 1Ascentis
In this three part series on the proper handling and processing of garnishments we will discussed the rules, regulations and requirements as they apply to withholding and paying child support, tax levies, creditor garnishments and others.
In Part 1 we focus on Child Support. Payroll departments must know both the federal laws and the state laws and must determine which one applies to the child support withholding order. In addition to these laws and regulations, the federal rules now require that a standard Income Withholding Order (IWO) be used for all child support withholding garnishments. This webinar will review this form and its requirements. And although the IWO can include all the information necessary to comply with the order, employers must familiarize themselves with both federal and state regulations to avoid penalties and liabilities. Withholding monies for child support is not the only requirement that applies to providing for a child, medical support orders are required to be process by payroll as well. And these orders have their own rules and regulations on both the federal and state level.
HR compliance update is essential for keeping up with ever-changing laws and regulations. Start 2020 confident you can handle the questions from supervisors, employees, and corporate leaders about employment law changes.
This presentation discusses the ramifications to your business and the changes required, all as a result of the long awaited Ohio Municipal reform (H.B. 5). This presentation will assist you in analyzing and determining the steps your business must take to be in compliance all in the name of conformity.
Topics Include:
How income tax refund fraud works
How to prevent income tax fraud from happening to you
What governmental income tax agencies are doing to try to stop income tax refund fraud
Other income tax-related frauds to be aware of this time of year
7 Tips to Help Uncover Hidden Blog Content in Your CPA FirmSkoda Minotti
If you’re just starting your blogging journey, or want to supplement your existing blogging strategy, this helpful presentation will surprise you with the many places content can be found.
The Affordable Care Act (“ACA”) is currently effective for employers who had 100 or more full time equivalent employees (FTEs) in 2014. Employers who have 50 or more FTEs in 2015 will be subject to the ACA on January 1, 2016
State and Local Tax Issues Facing the Real Estate and Construction IndustrySkoda Minotti
Join Mary Jo Dolson, Amy Gibson and Mark Thomas of Skoda Minotti’s State and Local Tax team for an informative discussion on state and local tax issues facing the real estate and construction industry.
This presentation discusses the massive increases in cyber threats and the best ways to keep your data safe. Through this presentation, you will learn the best practices for implementing and testing a data security program.
Valuation Issues in Developing and Executing Buy-Sell AgreementsSkoda Minotti
A buy-sell agreement is one of the most common tools utilized by attorneys and business advisors in protecting their business owner clients. In this course, you will learn about valuation issues that are critical to buy-sell agreements, such as the use of formulas and valuation discounts, which can significantly impact your client if and when the agreement is triggered.
This presentation provides an update on both recently issued and forthcoming pronouncements of the Financial Accounting Standards Board (FASB). Through this presentation, you should be able to identify what changes are effective for your 2015 financial statements, including changes you may choose to early adopt.
Developing Your Business Through Internal ControlsSkoda Minotti
Internal controls are mandated for public companies, but companies of all sizes can benefit from strong internal controls and process documentation. This presentation will describe what internal controls mean to small businesses and private companies. We will discuss the approach for documenting processes, identifying where the weaknesses are within a company and how to mitigate those risks by developing simple controls.
How to Successfully Navigate the Latest Changes to the Affordable Care ActNationalUnderwriter
From ALM's National Underwriter comes a timely and necessary ACA presentation covering:
Employer Mandate Penalties
• Reporting Requirements
• Small Business Health Options (SHOP) Changes
• Cadillac Tax Delay
• Delay of Menu Labeling Rule
• Other Affordable Care Act Changes
• Changes to IRS Forms
• Statistics
Affordable Care Act: Overview of New Requirements for 2015Sikich LLP
2015 is the first year employers can be fined for not complying with the reporting requirements set out by the Affordable Care Act (Obamacare). Get an overview of these new requirements in this eBook
Findley Davies' Ed Redder presented at Schneider Downs Not-For-Profit Symposium Health Care Reform and Compliance Challenges and Opportunities.
Discussion Points
- The importance of knowing who you are
- Employer Shared Responsibility
- Current regulatory obligations
- Future obligations
- Additional compliance challenges
Please note: Seasonal employees ARE counted in the calculation for FTEs for the month that they work. However, if they work less than 120 days and cause the 50 FT threshold to be breached, then the employer is not considered a large employer.
Understanding Health Care Reform: A Dose of Accounting MedecineJames Moore & Co
The affordable Care Act was signed into law on March 23, 2010 and upheld by the Supreme Court in June 2012. These reform measures will have wide-spread impacts to most businesses and individuals. In this presentation, we discuss the tax consequences, small business health care credits, fees, and provide a summary of the Affordable Care Act and the status of reform.
Fraser Trebilcock attorneys Beth Latchana and Mark Kellogg spoke this week at the Institute of Continuing Legal Education’s 27th Annual Tax Conference. In their overview of health care reform, they detailed most important aspects of the ACA, including: the health insurance marketplace, employer classification, the Pay or Play Mandate, reporting requirements, group health plan mandates, the individual insurance mandate, the Small Business Health Option Program, and the Small Business Health Care Affordability Tax Credits.
There is a lot of confusion and misunderstanding about what the Affordable Care Act (Obamacare) is and how it will affect your business and employees. It is important to learn how it relates to you, your employees and your business. There are many moving parts and there are changes ahead. Our blog series and webinars will describe what the Affordable Care Act is "in plain English" and keep you up to date on the latest information.
How can you smooth the healthcare reform transition? Learn about the mandates currently in place, the mandates that are coming in the near future, what employers need to do, and what employees need to do. Participants can also ask specific questions about how healthcare reform may impact their organization.
The Affordable Care Act: Update on the Employer Mandate Final RuleINGUARD
INGUARD Benefits Division presentation on the Affordable Care Act final rules, how they affect group benefits, and the responsibilities of employers in the coming years. Includes best practices for updating your employee benefits and how to stay in compliance with the ACA regulations.
ADP Totalsource - Affordable Care Act Reporting and ComplianceTom Rehnberg
The Affordable Care Act represents a huge administrative burden this coming year and businesses are looking for a solution. The ADP Totalsource platform has the ability to relieve this new compliance burden to keep companies from risk of audits and penalties.
An Employer's Obligations & Opportunities Under The Affordable Care ActMcKonly & Asbury, LLP
The presentation will concentrate on employers with 50+ employees and focus on the following: What is an “Applicable Large Employer”; Calculating the number of fulltime employees eligible for coverage and how to determine when coverage begins; Measurement periods for on-going and variable hour employees; Does their health plan provides “minimum” and “affordable coverage.”
Smart Manufacturing Workshop: An Interactive Improv SessionSkoda Minotti
Learn how you can increase revenue, decrease costs and improve profitability all while improving your overall equipment effectiveness, quality, on-time delivery and much more!
Your business faces risks on multiple fronts, so risk management should be a strategic priority. Identifying and addressing risks helps your business run smoothly, and keeps you focused on pursuing your business objectives. We discuss strategies to mitigate your IT threats, explore insurance options and assess your internal control needs.
Navigating the Tax and Accounting Implications of CryptocurrenciesSkoda Minotti
Cryptocurrency is used all over the world, for all kinds of exchanges and transactions. It offers a host of benefits including:
- Secure transactions
- Privacy protection and business recognition
- Decentralization
- A faster, cheaper and frictionless alternative
According to some expert opinions, cryptocurrencies will eventually dominate as currencies of choice. As more and more business owners are taking steps to incorporate virtual currency into their business, they must be aware of and understand key tax and accounting issues that relate to cryptocurrency.
By providing regular feedback to your employees, you drive accountability and productivity within your business. This also is one of the largest predictors of employee engagement. A company without regular feedback loses the ability to make direct connections between employees and management. In addition, employees who achieve their goals and who are appropriately rewarded will continue to drive high performance. This session outlines the essentials of performance management and structuring rewards to best engage and motivate employees.
Non-Qualified Deferred Compensation Programs for Private CompaniesSkoda Minotti
Paying annual bonuses may not keep the executives around after the bonus is paid. Should executives be rewarded if the employer is not doing well? How can employers attract and retain key executives while creating a system that will reward them if the company is profitable?
This interactive session is designed for both novice and seasoned interviewers alike. During the course, you will explore the concepts of motivational fit and behavioral-based interviewing. We will also uncover common mistakes made by most interviewers and what questions are legal to ask a candidate.
Valuation Issues in Developing and Executing Buy-Sell AgreementsSkoda Minotti
A buy-sell agreement is one of the most common tools utilized by lawyers and business advisors in protecting their business owner clients. In this presentation, you will learn about valuation issues that are critical to buy-sell agreements, such as the use of formulas and valuation discounts, which can significantly impact the parties to the agreement if and when it is triggered.
ABC Presents: Recruiting and Retaining Top TalentSkoda Minotti
Businesses today are experiencing a workforce shortage that is crippling production and growth. Even more, our workforce has become increasingly disengaged as companies expand and diversify. Never before has it been so challenging to recruit, hire, develop and retain a skilled construction workforce. Estimates are that there will be a shortage of 1.4 million construction workers in the next 10 years. How can you build your company and its workforce? Heidi Hoyt, Skoda Minotti’s managing director of Staffing, shares views about staffing challenges and opportunities for organizations of every size and scope.
State and Local Tax Nexus Issues and the Impact on Mergers and AcquisitionsSkoda Minotti
Would you sell a home before making it attractive enough to turn a profit? Selling a business is no different. Before you plan to sell, there are essential tax implications you should understand and steps you should take to ensure smooth sailing for a successful transaction
Future-Proofing Your Business with TechnologySkoda Minotti
Technology is rapidly moving from a business enabler to the core of the business. New technologies such as “big data” and analytics, the internet of things (IoT), robotics, mobile technology, artificial intelligence and cybersecurity are transforming the way business gets done.
We explore the business implications of technology and their impact on businesses of all sizes and scopes, and presents strategies for charting a path through these disruptive times.
Manufacturing in Northeast Ohio: Where We Stand, Where We’re HeadedSkoda Minotti
What are the concerns and challenges of manufacturing companies in Northeast Ohio? How do they perceive opportunities and issues confronting them in 2019? Where are they allocating time, money and resources, and what is their rationale?
Today’s job seekers think and act differently. Attracting and retaining top talent takes a mix of new-school technology and old-school sensibility. The good news: Developing a sound strategy is well within your reach.
Stacy Bauer, Co-Founder of BauerGriffith, LLC, Heidi Hoyt, Skoda Minotti's Managing Director of Staffing, and Laura Rohde, Skoda Minotti's Managing Director of HR Services, share their views about staffing challenges and opportunities for organizations of every size and scope.
New Ohio Cybersecurity Law RequirementsSkoda Minotti
Skoda Minotti’s Risk Advisory Services Group and Insurance Services Group are working closely with insurance industry licensees to meet the considerable requirements under the Ohio cybersecurity law. This presentation provides more detailed information about the law, and assists you with your understanding and implementation of the requirements.
Five Digital Marketing Trends Your Company Needs to Know in 2019Skoda Minotti
With the digital marketing landscape continually evolving, it’s difficult to know which trends will make the most meaningful impact on your business. Bob Goricki, Skoda Minotti’s Director of Digital Marketing, discusses five key trends that are shaping marketing technology, social media advertising, marketing automation, General Data Protection Regulation (GDPR) and search engine optimization in 2019.
This course will take you through the process of a typical business valuation engagement, from scoping the work to ultimately arriving at a conclusion of value. Through a case study, we will address fundamental issues including valuation approaches (asset, income and market), normalizing analysis and valuation discounts.
The Importance of State and Local Tax NexusSkoda Minotti
This course will lay out some of the important aspects of state income tax and sales tax nexus concerns, then address the importance of performing detailed state and local tax due diligence. It will also discuss the importance of performing due diligence to address the potential sins of the past before actually entering the M&A market.
Putting the SPARK into Virtual Training.pptxCynthia Clay
This 60-minute webinar, sponsored by Adobe, was delivered for the Training Mag Network. It explored the five elements of SPARK: Storytelling, Purpose, Action, Relationships, and Kudos. Knowing how to tell a well-structured story is key to building long-term memory. Stating a clear purpose that doesn't take away from the discovery learning process is critical. Ensuring that people move from theory to practical application is imperative. Creating strong social learning is the key to commitment and engagement. Validating and affirming participants' comments is the way to create a positive learning environment.
Unveiling the Secrets How Does Generative AI Work.pdfSam H
At its core, generative artificial intelligence relies on the concept of generative models, which serve as engines that churn out entirely new data resembling their training data. It is like a sculptor who has studied so many forms found in nature and then uses this knowledge to create sculptures from his imagination that have never been seen before anywhere else. If taken to cyberspace, gans work almost the same way.
What is the TDS Return Filing Due Date for FY 2024-25.pdfseoforlegalpillers
It is crucial for the taxpayers to understand about the TDS Return Filing Due Date, so that they can fulfill your TDS obligations efficiently. Taxpayers can avoid penalties by sticking to the deadlines and by accurate filing of TDS. Timely filing of TDS will make sure about the availability of tax credits. You can also seek the professional guidance of experts like Legal Pillers for timely filing of the TDS Return.
Cracking the Workplace Discipline Code Main.pptxWorkforce Group
Cultivating and maintaining discipline within teams is a critical differentiator for successful organisations.
Forward-thinking leaders and business managers understand the impact that discipline has on organisational success. A disciplined workforce operates with clarity, focus, and a shared understanding of expectations, ultimately driving better results, optimising productivity, and facilitating seamless collaboration.
Although discipline is not a one-size-fits-all approach, it can help create a work environment that encourages personal growth and accountability rather than solely relying on punitive measures.
In this deck, you will learn the significance of workplace discipline for organisational success. You’ll also learn
• Four (4) workplace discipline methods you should consider
• The best and most practical approach to implementing workplace discipline.
• Three (3) key tips to maintain a disciplined workplace.
Taurus Zodiac Sign_ Personality Traits and Sign Dates.pptxmy Pandit
Explore the world of the Taurus zodiac sign. Learn about their stability, determination, and appreciation for beauty. Discover how Taureans' grounded nature and hardworking mindset define their unique personality.
Enterprise Excellence is Inclusive Excellence.pdfKaiNexus
Enterprise excellence and inclusive excellence are closely linked, and real-world challenges have shown that both are essential to the success of any organization. To achieve enterprise excellence, organizations must focus on improving their operations and processes while creating an inclusive environment that engages everyone. In this interactive session, the facilitator will highlight commonly established business practices and how they limit our ability to engage everyone every day. More importantly, though, participants will likely gain increased awareness of what we can do differently to maximize enterprise excellence through deliberate inclusion.
What is Enterprise Excellence?
Enterprise Excellence is a holistic approach that's aimed at achieving world-class performance across all aspects of the organization.
What might I learn?
A way to engage all in creating Inclusive Excellence. Lessons from the US military and their parallels to the story of Harry Potter. How belt systems and CI teams can destroy inclusive practices. How leadership language invites people to the party. There are three things leaders can do to engage everyone every day: maximizing psychological safety to create environments where folks learn, contribute, and challenge the status quo.
Who might benefit? Anyone and everyone leading folks from the shop floor to top floor.
Dr. William Harvey is a seasoned Operations Leader with extensive experience in chemical processing, manufacturing, and operations management. At Michelman, he currently oversees multiple sites, leading teams in strategic planning and coaching/practicing continuous improvement. William is set to start his eighth year of teaching at the University of Cincinnati where he teaches marketing, finance, and management. William holds various certifications in change management, quality, leadership, operational excellence, team building, and DiSC, among others.
Accpac to QuickBooks Conversion Navigating the Transition with Online Account...PaulBryant58
This article provides a comprehensive guide on how to
effectively manage the convert Accpac to QuickBooks , with a particular focus on utilizing online accounting services to streamline the process.
Attending a job Interview for B1 and B2 Englsih learnersErika906060
It is a sample of an interview for a business english class for pre-intermediate and intermediate english students with emphasis on the speking ability.
Skye Residences | Extended Stay Residences Near Toronto Airportmarketingjdass
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RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...BBPMedia1
Grote partijen zijn al een tijdje onderweg met retail media. Ondertussen worden in dit domein ook de kansen zichtbaar voor andere spelers in de markt. Maar met die kansen ontstaan ook vragen: Zelf retail media worden of erop adverteren? In welke fase van de funnel past het en hoe integreer je het in een mediaplan? Wat is nu precies het verschil met marketplaces en Programmatic ads? In dit half uur beslechten we de dilemma's en krijg je antwoorden op wanneer het voor jou tijd is om de volgende stap te zetten.
2. 2
• The status of the ACA today
• What employers need to be thinking about
What is the ACA penalty?
Should I offer insurance at all?
Strategies to avoid the penalty
• IRS reporting issues
• Other issues relating to welfare plans
• The real due date
TODAY’S DISCUSSION
3. 3
• The Affordable Care Act (“ACA”) is currently effective for
employers who had 100 or more full time equivalent
employees (FTEs) in 2014. Employers who have 50 or more
FTEs in 2015 will be subject to the ACA on January 1, 2016
• Several bills are currently before Congress to repeal or change
certain portions of the ACA; it is doubtful that it will be entered
into law during the Obama administration
• The ACA has withstood numerous court challenges, although
more cases are pending, including one at the Supreme Court
• IRS/DOL continually make changes
STATUS OF THE ACA TODAY
4. 4
If an employer has a certain number of FTEs based on the
prior calendar year, and:
• Doesn’t offer minimum value insurance to a certain percentage
of full time employees, or
• Offers insurance but it isn’t affordable and/or it isn’t adequate
and
• In either case, one employee purchases insurance through an
exchange and receives a subsidy, then
An excise tax may result
EXCISE TAX BASICS
5. 5
Based on the prior calendar year, comprised of
two parts:
• Full time employees—works an average of 30 hours
week/130 hours a month; and
• Part time or seasonal employees— Add total hours of
work by these people on a monthly basis and divide by
120
• Employees subject to a CBA count in total
• Calculation is made monthly, average FTE level is used
FTE–WHAT IS IT?
6. 6
Part one: Do I offer health coverage to at least
70% (95% for 2016) of my full-time employees?
Part two: If I do offer health coverage to my full
time employees:
• Is that coverage affordable, and
• Does that coverage provide minimum coverage to the
full-time employees and their dependents?
Two different, non-deductible, excise taxes exist
depending on which part is not satisfied:
• If both parts are not satisfied, employer pays only
the greater of the two excise taxes
THE TWO-PART TEST
If an employer is subject to ACA, potential liability for the greater
of the following two tests
7. 7
What happens if I fail to comply with
Part One of the two-part test?
• If an employer:
Fails to offer 95% (70% for 2015) of its
full-time employees (or dependents)
coverage and
One employee receives a subsidy (either
a tax credit or cost-sharing reduction)
through the exchange/marketplace for
purchasing health insurance then
The employer might be liable for a non-
deductible $2,000 penalty per year for the
total number of full-time employees
(reduced by 80 in 2015, 30 in 2016)
WHAT HAPPENS?
8. 8
A full-time employee for this purpose is
an employee who is employed an
average of at least 30 hours of work per
week or 130 hours of work per month:
• Full-time equivalent, also known as FTEs,
employees (discussed in the large employer
test) are not relevant to this discussion
• Look at this monthly to determine
classification and when coverage should
begin
• Can use current year expectations or prior
year results
• Special rules apply to educational
institutions, breaks in employment, new
hires and employees who work variable
schedules
IMPORTANT
COMPLIANCE DEFINITIONS
9. 9
A subsidy occurs when an employee acquires
insurance through the exchange/marketplace
and qualifies for a reduction in his/her cost for
insurance coverage because of his/her financial
situation.
• Subsidies are of two types:
An employee is eligible for a cost reduction subsidy if the employee’s
household income is less than 250% of the federal poverty line (2014 maximum
income of $29,125 for a single individual and $59,625 for a family of four).
An employee is eligible for a premium tax credit subsidy if the employee’s
household income ranges between 100% and 400% of the federal poverty line
(2013 maximum income of $46,680 for single individuals, $95,400 for a family
of four); an employee who is eligible for Medicaid can not receive the subsidy.
IMPORTANT
COMPLIANCE DEFINITIONS
10. 10
What happens if I fail to comply
with Part Two of the two-part test?
• If an employer offers 95% (70% for 2015)
of its full-time employees coverage but
the coverage is unaffordable or does not
provide minimum coverage
• The employer will be liable for a non-deductible
penalty of $3,000 per year, times the number of
full-time employees who obtain insurance
through the exchange/marketplace and receive
a subsidy
WHAT HAPPENS?
The employer is only liable for the greater of
the Part One or Part Two excise tax.
11. 11
How do we determine if the coverage is ‘affordable” for full-time
employees? Three part “safe harbor” test—allows employer to
choose how affordability is determined.
Form W-2: An employee’s monthly contribution for self-only coverage is affordable
if it does not exceed 9.5% of their W-2 wages for that calendar year
Rate of pay: An employee’s monthly contribution for self-only coverage is
affordable if it is no more than 9.5% of their monthly wages (hourly rate of pay ×
130 hours, or, for salaried employees, their monthly salary figure)
Federal Poverty Line (FPL): An employee’s monthly contribution for self-only
coverage is affordable if it does not exceed 9.5% of the FPL for a single individual
(approximately $93 per month)
IMPORTANT
COMPLIANCE DEFINITIONS
12. 12
Minimum coverage means the
insurance plan must cover 60% of
the essential health benefits:
• The essential health benefits include
emergency services, ambulatory services,
hospitalization, lab services, prescription
drug coverage and maternity and newborn
care, among others
• Among the items not included are vision,
dental, disability, and long-term care
DEFINITION OF
MINIMUM COVERAGE
13. 13
The Cadillac Tax
• If a plan provides benefits that exceed a certain level, a
40% excise tax is imposed on the value of those benefits
• Benefits under many current CBA programs would be
subject to the tax
• Applies to 2018
• Paid by employers (self-insured plans) or the insurers
(who pass the cost through to employers)
ANOTHER TAX
14. 14
A multi-step process
• If an employee acquires coverage through an exchange,
the exchange informs the IRS
• An employee claims a tax credit for health coverage on
the employee’s 1040
• Employers inform the IRS of what employees were
covered through IRS Forms 1094/1095
• IRS assesses the excise tax, sending the employer a bill
• Employer has a limited amount of time (2 months) to
contest the assessment
HOW IS THE EXCISE
TAX ASSESSED?
15. 15
Managing workforce levels to avoid ACA
If you keep your total FTEs under 50, you are not subject to
the ACA:
Working current employees longer hours
Use of subcontractors
Timing jobs to avoid spikes in employment
Turning down jobs that might cause FTE count to exceed 50
WHAT SHOULD EMPLOYERS
THINK ABOUT?
16. 16
If you are subject to ACA, you want to limit the number
of full time employees
• Keep current employees under 30 hours a week if you
can do it without disrupting your operations
• Use part time employees—no coverage needed for
employees under 30 hours a week
• Use seasonal employees
• Use subcontractors
WHAT SHOULD EMPLOYERS
THINK ABOUT?
17. 17
Can I merely give my employees some money and let
them buy their own insurance?
• The government doesn’t like this approach at all
• A pay raise will work, but is inefficient
• If you stay under 50 employees, you can reimburse
employees on a pre-tax basis
• Formalized employee reimbursement program (IRC 105)
might work for employers with over 50 employees, but it
is not clear that it will
WHAT SHOULD EMPLOYERS
THINK ABOUT?
18. 18
Determine if you should “play or pay”
• Compare the potential cost of “play” vs. “pay”
Play: cost of offering more expensive benefits and/or charging
employees less than currently imposed
‒ Redesigning plan terms to minimize cost—human resource issues
‒ Do you reduce pay to make up for increased employer cost of
insurance?
Pay: face potential excise tax liability
THINK ABOUT?
WHAT SHOULD EMPLOYERS
19. 19
Minimizing potential ACA excise taxes if we “play”
Offering coverage that isn’t affordable or adequate
may be preferable to not offering coverage
Use of the 5% rule
Convincing employees who might
be eligible for a subsidy not to go to the
exchange/marketplace
WHAT SHOULD EMPLOYERS
THINK ABOUT?
20. 20
IRS reporting is due for all employers who have 50 or
more FTEs in 2015
• Impacts employers who aren’t currently subject to ACA
• Employers who provide fully insured benefits are still
subject to the reporting requirements
• Additional information/filings needed for self-insured
plans
• Reporting follows the same timeframe as W-2s
Employees receive statements by February 1, 2016
Employer return due February 28 (March 31 if electronically
filed)
REPORTING ISSUES
21. 21
For all plans (insured and self insured) Parts I and II of
IRS Form 1095-C have to be completed, and employee
specific forms need to be distributed.
Among employee specific data needed:
• Employee identification data (name, address, SSN)
• For each calendar month
What coverage was offered to the employee?
What was the cost of the lowest cost plan offered to the
employee?
What ‘safe harbors’ were used?
REPORTING ISSUES
22. 22
For all plans (insured and self-insured), other
information will be needed for Form 1094-C, including:
• What types of coverage were offered to what
percentage of full time employees?
• Number of full time and total employees?
• Controlled group status for benefit plan purposes?
REPORTING ISSUES
24. 24
For self-insured plans, additional employee specific
data is needed:
• Participant identification data (name, address,
SSN/DOB for spouses and children)
• Which calendar months during the year was each
participant covered?
REPORTING ISSUES
25. 25
BUILDING YOUR FILE
Systems needed to collect and monitor data
Large employer status is an annual determination, which must be
monitored monthly
Which employees are eligible and the amount that you charge for
insurance is an annual determination?
• Building your file
How can you quickly prove to the IRS that you are meeting the two
tests?
How can you quickly prove to the IRS that you offered benefits to a
sufficient number of employees?
IRS Form 1094/5 compliance
26. 26
DOL increases scrutiny of welfare plan compliance
• DOL is increasing audit activity in the welfare plan area
DOL investigate staff has significantly increased in size over
the last two years
Over 70% of audits result in the plan sponsor paying some
type of penalty
• This will only be heightened as ACA becomes effective
OTHER ISSUES
27. 27
Program documentation
• Many employers have no or inadequate plan
documents relating to their welfare plans
Insurance policies do not satisfy ERISA requirements as
summary plan descriptions
Additional notices will be needed due to ACA
Potential legal (participant) and regulatory (IRS, DOL)
exposure
• Use of “wrap plans” can reduce the number of
annual IRS Form 5500 filings that are required
OTHER ISSUES
28. 28
For IRS compliance, which is due February 1, 2016,
gathering the data should begin as soon as possible
2016 planning should be completed at least one month
before open enrollment
• Usually occurs in the early fall, contains the following
decisions:
Which employees should be eligible for insurance?
How much should employees be charged for single coverage?
What programs should be offered?
WHEN IS THE REAL
DUE DATE?
29. 29
If you have any questions, or need additional
information, please contact:
Ted Ginsburg, CPA, JD
(440) 449-6800
tginsburg@skodaminotti.com
QUESTIONS?