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How to calculate your premium tax credit with a QSEHRA

PeopleKeep

Since the Affordable Care Act created premium tax credits in 2014, millions of low-income Americans were able to get more affordable access to health insurance premiums on the state and federal exchanges. Watch our video to learn more about how premium tax credits work across all HRA types.

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What do employers need to know about the pensions lifetime allowance abolition?

Employee Benefits

Employers will need to review policies for employees who previously opted out of the pension scheme because they may have been close to the lifetime allowance. Two new limits will be introduced in April to control tax relief on pension lump sums. Some employers offered a cash benefit instead of a pension contribution.

Pension 59
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Business Tax in Ecuador

Global People Strategist

Ecuador is currently in a state of tax reform and many different areas of tax policy are being adjusted. From an accounting perspective, this tax reform strives to make the overall corporate tax system much simpler and will further improve the financial structure of the government as they attempt to eliminate fuel subsidies.

Taxes 52
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Review your I-9 records: ICE continues applying heat to employers

Business Management Daily

Immigration and Customs Enforcement opened 6,812 new investigations into employers suspected of violating immigration laws—everything from hiring undocumented workers to making errors on their I-9 Forms. That’s a 14% increase from 2018, but a whopping 400% jump from the number of investigations filed in 2016 and 2017.

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CIPHR’s payroll bureau: celebrating year-end success

cipHR

Read on to learn how they supported CIPHR Payroll customers – including seven new clients who have just joined the CIPHR family – as well as a quick summary of the legislative changes that have taken effect for the 2022/23 tax year. Recap of changes for the 2022/23 tax year. Scottish income tax is determined by the residency.

Payroll 52
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Tribunal rules stress can be disability without mental health diagnosis

Employee Benefits

An employment tribunal has ruled that stress can be considered disability without a formal mental health diagnosis from a doctor. Phillips said the dermatitis resulted from an allergic reaction to latex gloves at work in 2016, and after the incident she used vinyl gloves and suffered no further reaction.

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Taxation of Identity Protection Services

Fringe Benefit Analysts

Are Identity Theft Protection Services Tax Deductible? The taxation of this identity protection benefit/service was considered by the IRS in 2015 and again in early 2016. Blue Cross Blue Shield, for example, is now offering online identity protection services to all eligible BCBS members on an opt-in basis as of January 1, 2016.