Tax Credit for Paid Family and Medical Leave

Tax Credit for Paid Family and Medical Leave

Employers who provide paid Family and Medical Leave may qualify for a new federal tax credit included in the Tax Cuts and Jobs Act. This credit of 12.5% (or more) of paid leave wages is subject to meeting certain criteria including, but not limited to, the following:...
Newsflash: 2018 Penalties for ACA Employer Mandate

Newsflash: 2018 Penalties for ACA Employer Mandate

The IRS announced the 2018 adjusted annual penalty amounts for the Affordable Care Act’s (ACA) Employer Shared Responsibility provision as follows: $2,320 per full-time employee for employers who do not offer minimum essential coverage (MEC) $3,480 per full-time...