The Affordable Care Act (ACA) imposes a penalty on large employers that do not offer minimum essential coverage to full time employees and their dependents. Large employers that offer this coverage may still be liable for a penalty if the coverage is unaffordable or does not provide minimum value. The ACA’s employer mandate provision is often Read more →

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The Obama administration released final rules on February 10th, 2014 on the Affordable Care Act’s employer shared responsibility provisions under tax code Section 4980H. These provisions also known as the “employer mandate” require employers with at least 50 full-time-equivalent employees to offer a minimum level of health coverage to full-time employees and their dependents or face penalties. Read more →

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Bonuses provided in form of cash or gifts to non-exempt employees (those entitled to overtime provisions) during the course of the year, in certain circumstances, trigger the overtime calculation provisions of the Fair Labor Standards Act (FLSA). The important factor is whether the bonus is discretionary or non-discretionary.  A non-discretionary bonus is one that is Read more →

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 On August 15, 2013, the National Council on Compensation Insurance (NCCI) proposed an overall workers compensation rate level increase of 1.0% in Florida effective January 1, 2014. On October 22, 2013, the Office of Insurance Regulation (OIR) issued an order denying the 1.0% increase and requesting that NCCI make an amended filing for an overall Read more →

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The IRS and the United States Department of the Treasury, in response to more than 1,000 public comments received by the Department of the Treasury, has modified the forfeiture provision for employees participating in a Healthcare Flexible Spending Accounts (FSA). Many employees who are offered a Healthcare FSA may not elect this benefit for fear Read more →

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