Some may call it a miracle… others may call it an act of mercy. Either way, the IRS gave out a little holiday cheer to employers. On December 22, 2017, the IRS extended the due date for employers and providers to issue Health Coverage Forms to Individuals in 2018.
The new deadline to distribute 2017 Forms 1095-B/C has been moved from January 31, 2018 to March 2, 2018.
The I-9 employment verification form was updated again in June. The USCIS deadline for using the new form for all new hires is 9/18/17. Using the old form after the September deadline is considered out of compliance and could subject you to fines and penalties.
If you’re a business owner, you’ve most likely already heard the good news…
The minimum wage for exempt employees didn’t go up on December 1, 2016. Because on November 22, 2016, a federal judge granted an emergency preliminary injunction blocking the new Fair Labor Standards Act Overtime Final Rule.
So, what does this mean for business owners and employees?
You just made a world class hire. The kind that gets the whole team excited. Now it’s time to cement the hire and make a great first impression. And I’m not just talking about the cool work space and unlimited snacks in the kitchen.
You want your new first round draft choice to make it through day one with the same enthusiasm they showed in the interview. This means smooth sailing through the on boarding process.
Of course, what it really means is deftly maneuvering the small mountain of new hire and benefits paperwork that faces every new employee. This comes in the form of legal requirements, including federal and state forms, handbooks, company policies, and job descriptions.