Compliance Alerts

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Compliance Alerts

Wellness Newsletter – October 2020

Combating Pandemic Fatigue. An unintentional phenomenon is on the rise; pandemic fatigue. People are tired of staying at home. People want to be the social creatures they inherently are. People want their “normal” back. This collective fatigue is making some people,...

Benefits Bulletin – October 2020

Time to Impute! Make sure to Impute Income on Group Term Life Insurance Before Year-End. Employees with employer provided group term life insurance are required to pay taxes on the value of benefits in excess of $50,000. Federal law requires employers to impute income...

HIRD Filings Due 12/15/2020

The Health Insurance Responsibility Disclosure (HIRD) is an annual reporting requirement for Massachusetts employers with six or more employees. The requirement is fulfilled by completing the employer HIRD form, which discloses information about your...

IRS Provides Transition Relief for 2020 ACA Reporting

October 7, 2020: On Oct. 2, 2020, the Internal Revenue Service (IRS) issued Notice 2020-76 to: Extend the due date for furnishing forms under Sections 6055 and 6056 for 2020 from Feb. 1, 2021, to March 2, 2021; and Provide a final extension of good-faith transition...

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(774) 369-0280

Marlborough, Massachusetts