Jan 2, 2020 | Consulting Services
On Dec. 31. 2019, the Internal Revenue Service (IRS) issued the 2020 standard mileage rates, which are used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. The mileage, medical, and moving rates all...
Dec 18, 2019 | GTM Business Blog HCM
On Dec. 9, 2019, the Internal Revenue Service (IRS) released instructions and final forms for 2019 ACA reporting under Internal Revenue Code (Code) Sections 6055 and 6056. 2019 Forms 1094-C and 1095-C (and instructions) will be used by applicable large employers...
Dec 16, 2019 | GTM Business Blog isolved
On Dec. 5, 2019, the Internal Revenue Service released an updated version of its new Form W-4, also known as the “Employee’s Withholding Certificate.” Employers use IRS Form W-4 to determine each employee’s federal tax withholdings. The new form is intended to...
Nov 11, 2019 | Consulting Services
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...
Dec 5, 2018 | GTM Business Blog HCM
For Applicable Large Employers (ALE) that are subject to the rules of the Affordable Care Act (ACA), there is a new ACA form furnishing deadline. The IRS has moved back the deadlines by which employers must furnish Forms 1095-C and 1095-B in early 2019. As a result:...
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