Laurie Savage is Senior Compliance professional, leading robust legislative research efforts analyzing intricate policy, including the Affordable Care Act (ACA), paid leave, tax reform and recently, legislation responding to the COVID-19 pandemic.
WORX Content from this Author
The American Rescue Plan Act expanded and extended the opportunity for employers to claim tax credits for paid leave under the framework of the expired Families First Coronavirus Response Act (FFCRA).
The U.S. Supreme Court in California v. Texas held that the plaintiffs do not have standing to challenge the constitutionality of the Affordable care Act’s (ACA) individual mandate and the validity of the entire law. The ruling dismissed the lower court’s ruling and the entire case. The ACA continues to be the law of the land.
The FFCRA dedicates tens of billions of dollars for paid sick and family leave, unemployment insurance, free COVID-19 testing, and other measures to help Americans impacted by the pandemic. A recent court decision in New York invalidated some provisions, but the U.S. Department of Labor responded with a Temporary Rule to offer additional guidance.
Following findings from a recent audit report, employers should expect the IRS to ramp up efforts to attain data and tighten processes around ESR penalties. Read on to learn more about the findings in this report and what they could mean for your business.
The Senate passed its tax reform bill, the Tax Cuts and Jobs Act, following an early morning vote Dec. 2. Get details on the significant amendments made to the bill, and next steps for Congress.
President Trump signed three memoranda and one executive order aimed at providing Americans expanded financial relief during the COVID-19 pandemic after Congress failed to reach an agreement on a stimulus bill. The Treasury provided guidance Aug. 28 for the payroll tax deferral.
The Congressional Budget Office (CBO) released its analysis of the Senate's legislation to repeal and replace various provisions of the Affordable Care Act. Read on to learn what the CBO found as part of its score.
Employers may feel a significant indirect impact from the final rule on short-term, limited-duration health plans, as it could affect employees' healthcare needs and health insurance markets nationwide.
On Jan. 4, 2018, the U.S. Department of Labor (DOL) issued proposed regulations that would expand access to health coverage by allowing more employers to form association health plans (AHPs).
The signing of the Infrastructure Investment and Jobs Act impacts the Employee Retention Tax Credit, retroactively ending the program for most businesses on Sept. 30, 2021. The IRS also released guidance on the program's retroactive termination.
As businesses continue evaluating staffing needs in response to the COVID-19 disruptions, one of the potential unintended consequence of reducing working hours or furloughing employees is the impact on health benefits.
The 2020 Form W-4 has undergone significant changes to more closely align the withholding to the changes in the tax law. Here is a step-by-step process detailing how to fill out the new form properly.
The state of Washington has begun administering a Paid Family and Medical Leave program, leaving employers with new requirements, as well as potential questions about how to remain compliant.
After an initial delay for implementation, the Massachusetts Paid Family and Medical Leave program will begin providing benefits Jan. 1, 2021.
Employers should be prepared for what to expect from the IRS if they did not meet the requirements under the Employer Shared Responsibility provision of the Affordable Care Act.
Massachusetts passed legislation to provide paid family and medical leave, and to make changes to the state wage and hour provisions. The law went in to effect Jan. 1, 2019.
The IRS has issued proposed regulations on the new tax deduction for certain qualified business profits on entities other than C-corporations. The change was contained in the federal tax overhaul passed late last year.
Last year's Tax Cuts and Jobs Act affects individuals in high-tax states who itemize deductions, limiting the SALT deduction. Get more details in this article.
The tax credit employers can claim - up to 25 percent of what they pay workers under the Paid Family and Medical Leave Act - has been extended through 2025.
Uncertainty about federal changes to the Affordable Care Act has spurred state-level efforts to structure and stabilize their health care markets. New Jersey is the latest, with the recent passage of its individual mandate requirement. Read on for important details.
Following feedback from the payroll and tax communities, the Treasury Department and IRS are postponing a release of substantial changes to the W-4, which were originally anticipated in 2019.
Following the DOL's ruling last week on association health plans, these types of plans could now be easier to form, and give employers another option to support their workers' health care needs. But there are many details around AHPs. Learn more about them now.
A recent Notice of Benefit and Payment Parameters for 2019 modifies rules related to the Affordable Care Act, and further shifts decisions back to the states. This article explains in detail how such developments may impact employees' demand for access to employer-sponsored health benefits.
Part of the tax reform law includes negating the individual mandate penalty to zero beginning next year. But some states are working to create their own version of an individual mandate as a way to keep up the numbers of people covered by health insurance. Here are some important details.
The IRS just released a new 2018 Form W-4. Do your employees need to fill out a new one? Does tax withholding under the new law work with the old form? While several aspects of federal tax withholding provisions are still to come, here's what we know so far from the IRS.
In compliance with the recent tax code overhaul, the IRS has set a new revenue procedure that adjusts inflation amounts in the 2018 tax year. Here's a glimpse of what's changed.
On Dec. 19 and 20, 2019, Congress passed and the president signed into law, respectively, a spending bill that included several provisions related to health care and/or the Affordable Care Act.
Although questions remain about the paid family and medical leave tax credit that's been made available as part of tax reform, the details we do know can be complex. Here's a brief explanation.
It's expected that the IRS will design an updated W-4 for tax year 2019. When this happens, employers may have their work cut out for them. Learn more about this development from the recent tax reform law.
The IRS has released new tax withholding tables, and will require employers to implement the updated calculation soon. Get more details here, including the implementation deadline, adjusted withholding rates, how the Form W-4 factors in, and more.
The Senate and House have passed the tax reform bill, and the president has signed it into law. Get details on how the changes impact businesses and individuals in 2018 and beyond.
The Senate and House have now both released proposed bills for revising the federal tax code. Learn how the two versions are different, and what lies ahead for tax reform legislation.
With the implementation of the Universal Paid Leave Amendment Act, most businesses with employees working in Washington, D.C., must begin meeting requirements under the law, starting with making premium contributions by the July 31, 2019, deadline before penalties kick in.