ETC News
From blog articles to press releases and media – this is where we share all of our internal and external successes. We also share tips and tricks – so be sure to check back for new updates and resources!
PPPFA Summary
On June 5, 2020, President Trump signed into law the Paycheck Protection Program Flexibility Act (PPPFA) to assist in addressing YOUR pain points that the Paycheck Protection Program (PPP) brought about in ensuring that the monies loaned become forgivable. ...
ALEs: Don’t Miss the August 1st Deadline for Reduced Form 1094/1095 Penalties
Have you checked to make sure you timely filed all Forms 1094-C and 1095-C and met any applicable electronic filing requirements for the 2019 tax year? As a reminder, the deadline for filing forms with the IRS was February 28, 2020, if filing by paper, or March 31,...
IRS Assessed $749 Million in 4980H Penalties Against ALEs
A Treasury Inspector General of Tax Administration (TIGTA) report provides new insights into how the IRS is enforcing the employer shared responsibility requirements against Applicable Large Employers. Here are the highlights: As of July 27, 2019, the IRS closed...
Health Insurance Marketplace Model
U.S. Department of Labor (DOL)’s Health Insurance Marketplace model notices, for employers who do and don’t offer a health plan to some or all employees, expired at the end of May. Employers can still use the expired notices for the time being, as...
File Form 5500
As many companies return to work and resume some variation of normal, there are still required compliance deadlines around the corner. Of course, if you have questions about the applicability of certain requirements to your plan, please contact your life and...
HR Employer Compliance Partners:
The EEO-1 Reporting is open now through July 19, 2021. The Equal Employment Opportunity Commission (EEOC) has announced that the 2019 and 2020 EEO-1 Component 1 data collection is now open (the collection had been delayed because of COVID-19)....
IRS NOTICE – 2020-33
IRS Notice 2020-33 Increases Health FSA Carryover Limit and Clarifies ICHRA Guidance Download PDF In response to a 2019 executive order directing an increase in the allowable health FSA carryover amounts, IRS Notice 2020-33 increased the maximum $500 carryover amount...
IRS NOTICE – 2020-29
Provides Flexibility for Cafeteria Plans and Clarifies Previous COVID-19 Relief for HDHPs As the IRS continues assessing the need for relief related to group health plan administration during the COVID-19 outbreak, it recently issued IRS Notice 2020-29 providing...
Matt’s El Rancho – Austin, TX
Matt’s El Rancho in Austin, Texas has been a Tex-Mex tradition since 1952 and was named by Restaurant Business Magazine as one of the ‘Top 100 Restaurants in America’. El Rancho’s massive (600 seat) restaurant was put to the test when the response to the COVID-19...
Interamerican Foods Corp.
One of North America’s largest pasta manufacturers, Interamerican Foods Corp. / La Moderna USA has doubled their production during the Covid-19 Pandemic. The company, which was built on the values of Family and Faith, attributes the increase in production...
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