Home » Our Blog » The Top 10 Blog Posts of 2016
back to the top
Top 10 Blog Posts of 2016

The Top 10 Blog Posts of 2016

Share on Facebook Share on Twitter Share on LinkedIn Share on Google Plus Share through email Print it More share options

The Top 10 Blog Posts of 2016

With 2017 just around the corner, now is a good time to celebrate the closing of a perplexing year for businesses across the country with a re-cap of the top 10 most popular blog posts of 2016.

Over the last 12 months, employers and HR professionals have been on high-alert regarding compliance-related issues like overtime expansion and the evolution of the Affordable Care Act (ACA). Additionally, other HR matters, such as avoiding payroll mistakes and HR’s evolving role have continued to be popular and ever-present themes. Here’s the 10 most read Paycom blogs from the past year.

  1. 5 Biggest Payroll Mistakes to Avoid

Employee misclassifications, withholding errors, late payments, filings and record keeping issues all are potential payroll landmines. Here’s a look, originally from March, into the top five payroll issues and how to avoid each one.

  1. How the Results of the Presidential Election Could Affect Overtime Expansion

This Nov. 10 post followed the final results of the 2016 presidential election and was by far our top Fair Labor Standards Act (FLSA)/overtime expansion post of 2016.

  1. 3 Things Employers Should Know About Wage Garnishments

Employers who don’t pay attention to the details of each wage garnishment order could find themselves facing penalties for noncompliance. Knowing these three things that we originally shared in January could help you mitigate risk and reduce your company’s liability.

  1. Department of Labor Announces Details of Final Overtime Rule

After months of speculation, this blog covered the details of the final overtime rule.

  1. U.S. Department of Labor Moves to Finalize Overtime Expansion

Paycom has published 14 blog posts about overtime expansion throughout 2016. This post from March was the second most popular article about the now delayed FLSA overtime expansion rule.

  1. New PBJ Reporting Requirements for Long-Term Care Facilities 

This post from April discussed how the latest ACA payroll-based journal (PBJ) reporting affected nursing homes and other long-term care facilities.

  1. Exploring Overtime Expansion: Commissions and Bonuses

This piece breaks down how the now delayed overtime expansion rule could impact pay structures that include bonuses and commissions.

  1. How ACA Form Extension Affects Employees, Individual Mandate

This deadline was on many HR professionals minds because it marked the last day certain employers could fulfill the requirement to provide employees with the IRS Form 1095-C.

  1. 5 Ways HR Can Make Your Company Better

There’s a new generation of HR professionals who– with the right tools – can bring value to employees and the bottom line. Our March 10 post states that if your HR department only hires, fires and fills out forms, then you are missing out.

  1. ACA’s Employer Reporting Requirements Extended

If there is one thing that is synonymous with ACA, it is change. On Dec. 28, 2015, the IRS announced in Notice 2016-4 that the due dates for the employer reporting requirement were to be extended. While this ACA post went live just a few days before 2016 arrived, it is definitely worth listing as our final top blog post of 2016.

 

DISCLAIMER: The information provided in this blog is for general informational purposes only. Accordingly, Paycom and the writer of the above content do not warrant the completeness or accuracy of the above information. It does not constitute the provision of legal advice, tax advice, accounting services, or professional consulting. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal or other professional services.



Author Bio:

Jason Bodin has been the communications pulse for a number of organizations, including Paycom, where he serves as director of public relations and corporate communications. He helped launch Paycom’s blog, webinar platform and social media channels. He aided in the development of Paycom’s tool to assist organizations in complying with the Affordable Care Act, one of the largest changes in health care the country has seen. A graduate of the University of Oklahoma, Bodin previously worked for ESPN and FoxSports. In his free time, he enjoys adventuring with his family, reading and strengthen his business acumen.

Deadline Extended

Employer Deadline Extended for Furnishing 2017 ACA Forms

Share on Facebook Share on Twitter Share on LinkedIn Share on Google Plus Share through email Print it More share options

Distribution of 2017 Affordable Care Act (ACA) Forms 1095-B or -C to your employees has been extended.

As issued in Notice 2018-06, the IRS has extended the deadline from Jan. 31 to March 2. (However, the deadline to provide Forms W-2 and 1099 to employees and contract workers remains as Jan. 31.)

Filing deadlines unchanged

While the deadline to furnish forms was extended, the filing deadlines remain the same: Feb. 28 for paper forms, and April 2 for electronic forms.

IRS Notice 2018-06 emphasizes that employers who do not comply with the due dates for furnishing or filing are subject to penalties under sections 6722 or 6721.

Good-faith transition relief extended

The IRS also announced the extension of good-faith transition relief. This may allow an employer to avoid some penalties if it can show that it made good-faith efforts to comply with the information reporting requirements for 2017.

This relief applies only to incorrect and incomplete information reported on the ACA forms, and not to a failure to file or furnish the forms in a timely manner. Additionally, the IRS stated it does not anticipate extending either the good-faith transition relief or the furnishing deadline in future years.

Contact a trusted tax professional if you have questions on how this may affect your business specifically.

Click here to read more about how the ACA is affect by the new Tax Cuts and Jobs Act.

Disclaimer: This blog includes general information about legal issues and developments in the law. Such materials are for informational purposes only and may not reflect the most current legal developments. These informational materials are not intended, and must not be taken, as legal advice on any particular set of facts or circumstances. You need to contact a lawyer licensed in your jurisdiction for advice on specific legal problems.

Tags: , , , ,
Posted in ACA, Blog, Compliance, Featured

Erin Maxwell

by Erin Maxwell


Author Bio:

As a compliance attorney for Paycom, Erin Maxwell monitors legal and regulatory changes at the state and federal level, focusing on health and employee benefits laws, to ensure the Paycom system is updated accordingly. She previously served as assistant general counsel at Asset Servicing Group in Oklahoma City. She holds a bachelor’s degree from the University of Central Oklahoma and a J.D. from the University of Oklahoma. Outside of work, Maxwell enjoys politics, historical mysteries and spending time with her family.

Employers Unaffected by ACA Changes in New Tax Law

Share on Facebook Share on Twitter Share on LinkedIn Share on Google Plus Share through email Print it More share options

On December 22, President Trump signed the Tax Cuts and Jobs Act. The bill includes a provision that reduces the penalty for not complying with the Affordable Care Act’s (ACA) individual mandate to $0, effectively removing the penalty for individuals who do not have health insurance coverage after the effective date of Jan. 1, 2019.

However, this update will not impact employers, since the law does not remove the employer mandate (the requirement that large employers offer health insurance coverage to their full-time employees or pay a penalty) or the associated employer reporting requirements. Large employers subject to the mandate still face penalties if they fail to comply with either, and the IRS has begun sending out notices with preliminary assessments of the employer shared responsibility penalty for tax year 2015.

Employers subject to the employer mandate should continue to comply and be prepared to file Forms 1094 and 1095 with the IRS in accordance with the normal deadlines.

For the 2017 tax year, the deadlines to provide Forms 1095-C to employees is Jan. 31, 2018.  The deadline to file Forms 1094-C and 1095-C with the IRS is Feb. 28, 2018 if filing paper forms, and April 2, 2018, if filing electronically.

Disclaimer: This blog includes general information about legal issues and developments in the law. Such materials are for informational purposes only and may not reflect the most current legal developments. These informational materials are not intended, and must not be taken, as legal advice on any particular set of facts or circumstances. You need to contact a lawyer licensed in your jurisdiction for advice on specific legal problems.

Posted in ACA, Blog, Compliance, Featured

Erin Maxwell

by Erin Maxwell


Author Bio:

As a compliance attorney for Paycom, Erin Maxwell monitors legal and regulatory changes at the state and federal level, focusing on health and employee benefits laws, to ensure the Paycom system is updated accordingly. She previously served as assistant general counsel at Asset Servicing Group in Oklahoma City. She holds a bachelor’s degree from the University of Central Oklahoma and a J.D. from the University of Oklahoma. Outside of work, Maxwell enjoys politics, historical mysteries and spending time with her family.

ACA Employer Shared Responsibility Payments

IRS Quietly Prepares to Assess ACA Employer Shared Responsibility Payments

Share on Facebook Share on Twitter Share on LinkedIn Share on Google Plus Share through email Print it More share options

Late last week, without announcement, the IRS amended a FAQ about its planned process for assessing employer shared responsibility payments (ESRPs) under the Affordable Care Act (ACA). Previously, the document suggested that further guidance would be forthcoming, prior to notifying affected applicable large employers (ALEs) about potential penalties owed under the federal health care law’s employer mandate.

That statement is now gone. In its place are several questions and answers detailing how the IRS will notify companies that they may owe an ESRP. In addition, the IRS intends to send assessments for the 2015 tax year in “late 2017,” which gives the agency approximately six weeks to do so.

Deadlines

The IRS notification will take the form of Letter 226J, which will include a month-by-month payment summary and a list of employees who:

  • were full-time employees for at least one month of the tax year
  • also received a premium tax credit
  • and did not allow the employer to qualify for an affordability safe harbor or other relief

While Letter 226J will indicate the employer’s deadline to respond, recipients generally will have 30 days from the letter’s printed date to contest its information. Then, following correspondence between the IRS and the ALE, if the agency determines the employer indeed is liable for an ESRP, the IRS will issue a demand and instructions for payment, via Notice CP 220J.

The FAQ’s changes to describe specific procedures and deadlines represent the clearest indication we have received that the IRS soon will notify ALEs that they may owe an ESRP for 2015. If such notifications are sent within the next few weeks, it will mark significant news.

For more on ACA, check out the October 2017 article: Trump Announces 2 Changes to ACA 

Tags: , ,
Posted in ACA, Blog, Featured

Erin Maxwell

by Erin Maxwell


Author Bio:

As a compliance attorney for Paycom, Erin Maxwell monitors legal and regulatory changes at the state and federal level, focusing on health and employee benefits laws, to ensure the Paycom system is updated accordingly. She previously served as assistant general counsel at Asset Servicing Group in Oklahoma City. She holds a bachelor’s degree from the University of Central Oklahoma and a J.D. from the University of Oklahoma. Outside of work, Maxwell enjoys politics, historical mysteries and spending time with her family.

X

Contact Us

  • Are you a current Paycom Client?

    Yes

    No

    • Talent Acquisition

    • Time & Labor Management

    • Payroll

    • Talent Management

    • HR Management

  • Subscribe me to Paycom's newsletter.

*Required

We promise never to sell, rent or share your personal information with a third party unless required by law. By submitting this form, you accept our Terms of Use and Privacy Policy.