Time & Pay expands ACA Services

There is no doubt the Affordable Care Act has added administrative responsibilities to a payroll/HR manger's work load. If you are an ALE, you will be required to files ACA tax forms to the IRS in January 2016 for the year 2015.  As a result, you will be required to collect and maintain company, employee [...]

By | October 26th, 2015|News|Comments Off on Time & Pay expands ACA Services

Social Security Administration Announces 2016 SS Payroll Tax Rate

The Social Security Administration announced today, Oct. 15, that 2016 Social Security Payroll Tax, also known as the Old-Age, Survivors and Disability Insurance (OASDI), wage base will remain the same as the 2015 wage base at $118,500. Thus, the maximum OASDI portion of the Federal Insurance Contributions Act tax payable by each employee in 2016 [...]

By | October 15th, 2015|News|Comments Off on Social Security Administration Announces 2016 SS Payroll Tax Rate

IRS Announces New ACA Penalty Rates

The IRS recently announced the 2015 and 2016 ACA shared responsibility penalties for applicable large employers (ALE's) indexed for COLA, as per the original ACA bill passed by Congress. As per the ACA, ALE's that choose not to offer health insurance coverage to their employees are subject to penalty. The penalty for not offering minimum essential [...]

By | October 8th, 2015|News|Comments Off on IRS Announces New ACA Penalty Rates