IRS begins enforcing employer health insurance mandate
While this does not affect any of our Tennessee clients, it appears many companies with more than 50 employees have been hoping to not get noticed for not offering qualified, affordable health insurance and employee benefits to their employees. As the time nears to prepare 1094 and 1095 reporting to show which of your employees were offered and covered by group health insurance, this also lets the IRS know which companies are participating (or not).
This also creates the opportunity for the IRS to send out letters in error to businesses who are actually complying or have fewer than 50 "full time equilivent" employees. These IRS letters are time sensitive and it can be very complicated to dispute so better to address the problem early than put it on the back burner.
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Posted on 12/27/2017 8:22 AM by David Moore
Trumps tax plan - year end tax planning
There are many significant changes in the new tax code for 2018. My CPA put together many of things to consider for year end tax planning. No, not much to do with your employee benefits and health insurance but very important none the less.
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Have a Merry Christmas, Happy Holidays and may 2018 be your best year yet.
Benefit Brokers, LLC
Posted on 12/21/2017 3:17 PM by David Moore
Aetna CEO gets $500 million payday?
Aetna’s Outgoing CEO Set to Reap About $500 Million if CVS Deal Closes
Mark Bertolini to benefit from up to $85 million of exit pay plus existing rights and stock that are worth more because of the deal see more
To me, this is not right. Maybe he could give some back to the premium payers.
Posted on 12/05/2017 4:15 PM by David Moore