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ACA Employer Shared Responsibility Payments Adjusted for 2025

PayrollOrg

The IRS has updated the employer shared responsibility payment amounts for 2025 under the Affordable Care Act (ACA).

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CMS Releases CY 2025 Advance Notice for Medicare Advantage and Part D

McDermott Will & Emery Employee Benefits

On January 31, 2024, the US Centers for Medicare & Medicaid Services (CMS) released the Advance Notice of Methodological Changes for Calendar Year (CY) 2025 for Medicare Advantage (MA) Capitation Rates and Part C and D Payment Policies. CMS also released a press release and fact sheet.

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Compliance TV: New FLSA Worker Classification Rule Goes Into Effect March 11; ACA Employer Shared Responsibility Payments Adjusted for 2025; and more

PayrollOrg

In this March 2024 edition of Compliance TV: New FLSA Worker Classification Rule goes into effect March 11; ACA employer shared responsibility payments adjusted for 2025; and more.

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Electric vehicles to pay vehicle excise duty from April 2025

Employee Benefits

Autumn budget 2022: The government has announced that electric cars, vans and motorcycles will be required to pay vehicle excise duty (VED) from April 2025. Zero emission cars first registered between 1 April 2017 and 31 March 2025 will also pay the standard rate. The tax system should continue to adapt to reflect consumer behaviour.

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Lease cycle means West End office market will ‘reset’ by 2025

Workplace Insight

A BNP Paribas Real Estate analysis claims that London’s West End office market is on course to ‘reset’ by 2025 following a major leasing event cycle commencing in 2023, which will see a flurry of renewals, expiries and break clauses executed by both landlord and tenant, which will alter the market as we know it by the milestone year.

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IRS Confirms Same Hours-Counting Rules Still Add Up for Long-Term, Part-Time Employees

McDermott Will & Emery Employee Benefits

Act, employers must now offer employees who work at least 500 hours within three (reduced to two beginning January 1, 2025) consecutive 12-month periods an opportunity to make elective deferrals to their 401(k) plans and, beginning in 2025, their 403(b) plans. Following the SECURE Act and the SECURE 2.0

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Under Long-Term, Part-Time Employee Rules, Some Things Change, and Some Things Stay the Same

McDermott Will & Emery Employee Benefits

Act require employers to offer employees who work at least 500 hours within three (reduced to two beginning January 1, 2025) consecutive 12-month periods an opportunity to make elective deferrals to their 401(k) and, beginning in 2025, their 403(b) plans. Together, the SECURE Act and the SECURE 2.0

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