FUTURE COMPLIANCE DATES JANUARY 22, 2017: Replace Previous Form I-9 with new “Smart Form” I-9 Employers must start using the new version of the Form I-9 no later than January 22, 2017, when all previous versions will be invalid. The new Form I-9 can be downloaded, using Adobe Acrobat to open the file: Form I-9. For additional details, go to I-9 Central. JANUARY 31, 2017: Due Date for W-2 Copies to Social Security Administration Employers must provide all employees copies of Form W-2 reporting earnings and taxes for 2016 by January 31, 2017. Employers must also distribute Forms 1099-MISC to applicable vendors and contractors no
UPCOMING COMPLIANCE DATE REMINDERS
May 31, 2016 or June 30, 2016: Employers who were required to provide their employees with ACA forms 1095-B or 1095-C must transmit copies of each individual’s 1095-B or 1095-C along with the corresponding transmittal form (Form 1094-B or 1094-C) to the IRS by May 31, 2016 if filing by mail or by June 30, 2016 if filing electronically. (NOTE: Any employer with 250 or more forms must file electronically.) Click here for 1094-B instructions or here for 1094-C instructions. July 31, 2016 for Self-Insured Medical Plans: The annual Patient Centered Outcomes Research Institute fee (“PCORI fee”), which applies only to organizations that offered self-insured medical plans and/or self-insured Flexible Spending Account
HOW TO PREPARE FOR THE NEW EXEMPTION RULING
Enclosed is some great information about the Department of Labor’s new Final Rule on the . By now you have likely heard of the Department of Labor’s new Final Rule on the annual salary minimum for exemption from overtime. The December 1, 2016effective date gives employers approximately six months to assess the impact of the new salary limits; make decisions about what changes to make to ensure compliance; implement new policies, procedures and systems to support the new changes; communicate the changes to those who will be impacted; and train leaders how to manage the changes. 1. Establish Who Will Not Be Impacted Employees who are