EEO-1 Filling Deadline Extended to May 31, 2019

On February 1st the EEOC confirmed that the deadline for submission will be extended from March 31, 2019 to May 31, 2019. Private employers with 100 or more employees, including independent schools, are required to complete this filing. If you need additional information on filing, please visit the EEOC website. Austin & Co.’s HR Consultants provide a… Continue reading EEO-1 Filling Deadline Extended to May 31, 2019

ACA Individual Mandate Penalty No Longer Applies

The ACA’s individual mandate penalty no longer applies, beginning in 2019. Individuals will still need to certify on their 2018 tax return (filed in early 2019) whether they complied with the individual mandate for 2018. Impact on Years Prior to 2019 Although the ‎tax ‎reform ‎bill eliminates ‎the ACA’s ‎individual mandate penalty, this repeal did… Continue reading ACA Individual Mandate Penalty No Longer Applies

Who Needs Key-person Life or Disability Coverage?

If your organization employs individuals who are vital to its success, key-person life insurance or key-person disability insurance can help protect you from chaos caused by their abrupt absence. These insurance solutions can give your organization options other than immediate bankruptcy should you lose your company’s key person or people without warning. Many organizations can… Continue reading Who Needs Key-person Life or Disability Coverage?

ACA Remains the Same Following Texas Court Ruling

On December 14th a federal judge ruled in Texas v. United States that the entire ACA is invalid due to the elimination of the individual mandate penalty in 2019. Following this decision, the White House announced that the ACA will remain in place pending appeal. Therefore, all requirements pertaining to employers, including the employer mandate (“play or pay”)… Continue reading ACA Remains the Same Following Texas Court Ruling

ACA Year-End Reporting – IRS Extends Individual Distribution

At the end of November the IRS released Notice 18-94 announcing a deadline extension for the distribution of Forms 1095-B and 1095-C to individuals from January 31, 2019, to March 4, 2019. This extension is provided without the need to submit Form 8809. This notice did NOT apply to the deadline for filing forms (1094-B, 1095-B, 1094-C, and 1095-C) with… Continue reading ACA Year-End Reporting – IRS Extends Individual Distribution

2019 Benefit Plan Limits

Many employee benefits are subject to annual dollar limits that are periodically increased for inflation. The Internal Revenue Service (IRS) recently announced cost-of-living adjustments to the annual dollar limits for various welfare and retirement plan limits for 2019. Although some of the limits will remain the same, many of the limits will increase for 2019. HSA Contribution  Self-only HDHP coverage:… Continue reading 2019 Benefit Plan Limits