The Affordable Care Act, or Obamacare, requires certain employers to offer health insurance coverage to full-time employees and their dependents. Further, those employers must send an annual statement to all employees eligible for coverage describing the
Form 1095-B is a tax form that reports the type of health insurance coverage you have, any dependents covered by your insurance policy, and the period of coverage for the prior year. This form is used to verify on your tax return that you and your depen
Workers’ compensation (“workers’ comp”) is a form of insurance that employers, in most states, are required by law to purchase. A workers’ comp policy covers costs resulting from employees’ work-related injuries and illnesses. Employees that collect workers’ compensation benefits may not su...
Understanding Form 5500 is crucial to businesses with retirement plans. Among the many fiduciary responsibilities that must be reported on Form 5500, plan sponsors must deposit 401(k) employees' salary or wage deferrals and loan repayments into their accounts as soon as administratively feasible, but...
Form 1096 Forms 940 and 941 Forms 1095-C and 1094-C Justworks Can Help With the year nearly over, it is important to be prepared for the forms you need to gather, file, and send to your employees and contractors for the coming tax season. While most forms have to do with taxes, som...
Improved performance when the forms for barcodes and labels are opened Forms for working with barcodes and labels now open faster, because the prices for all items are not recalculated when the form is opened. If you prefer to maintain the existing functionality, where prices are ...
Information on 1095-C might be relevant if you had to purchase health insurance via the marketplace - see above. If you do wish to claim the premium tax credit, you will need Part II of Form 1095-C.This page specifically covers Form 8962 which is used for the Premium Tax Credit (PTC...
See, e.g., Cynthia A. Williams,Corporate Social Responsibility in an Era of Economic Globalization, 35 U.C. Davis L. Rev. 705 (2002). 177. For information on the UN Global Compact,Seewww.unglobalcompact.org(last visited November 20, 2014) (“The UN Global Compact is a strategic polic...
The tax-reporting process is different for employees and independent contractors, so it is important to understand which category you fall under. If you are an employee, you will fill out a W-4 form when you start the job and receive a W-2 later in the year. That W-4 tells your empl...
Fringe benefits are important to both employers and employees. Employers use them as a tool to attract and retain top talent, while employees value them as a way to improve their overall compensation package and achieve a better work-life balance. However, it is important for employers to caref...