The Coronavirus (COVID-19) pandemic has put a major strain on every aspect of daily life around the world. As spread of the disease shows no sign of slowing down, there is a steadily increasing concern in the United States regarding the health and wellness of not only our citizens, but the economy as well. In response, the United States Congress has been negotiating a historic stimulus package to address the havoc caused by the pandemic.
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During this unprecedented time, many workers have been pushed to work from home. If you are one of these newly remote workers you may find that, although it is wonderful to be able to continue to work, working from home can provide its own set of distractions, issues, and complications. Check out these tips that might help to ease the transition.
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Stress is unavoidable, and especially as we move through the uncertainty surrounding the COVID-19 pandemic, many of us likely find ourselves stressed in some way. And though stress is not always bad, stress promoted by negative feelings that appears frequently and/or for longer periods of time can be a major health issue.
On Feb. 21, 2020, the IRS Office of Chief Counsel released a memorandum clarifying that there is no applicable statute of limitations on pay or play penalty assessments under the Affordable Care Act (ACA). This means that there is no time limit for the IRS to issue a penalty assessment for employers that do not comply with the pay or play rules for a given year.
On Jan. 31, 2020, the Department of Health and Human Services (HHS) extended an existing transition policy for certain health plans that do not comply with the Affordable Care Act (ACA) for an additional year, to policy years beginning on or before Oct. 1, 2021. However, all noncompliant plans renewed under this extended transition policy must come into compliance by Jan. 1, 2022.