Equifax Workforce Insights

ACA and IRS Reporting Demystified

Think you still have plenty of time to prepare for the ACA? 

Think again.

Webinar:  Tuesday | September 30 | 2:30 PM EDT Many employers believe they do not have to worry about ACA and IRS reporting until 2016, but the reality is that they must begin preparing in 2015 to file in 2016. And because the fines you (and your employees) may face in 2016 will be determined [Read More...]

Colorado Affirmation – Revised Form for CO Employers

Colorado

In addition to maintaining Form I-9 compliance, each employer in Colorado has an added requirement for new hires.  The Colorado Employment verification law (8-2-122, C.R.S.) and rules apply to public and private employers who transact business in Colorado, and to employees hired on or after January 1, 2007.  The law requires each employer in Colorado to [Read More...]

Join #TeamCompliance at HR Tech

Team Compliance

From the employer mandates associated with the Affordable Care Act to I-9 management, compliance is on the minds of HR, payroll and tax pros. That’s why at this year’s HR Technology Conference happening October 7-10th at the Mandalay Bay Convention Center in Las Vegas, Equifax Workforce Solutions is inviting attendees to join #TeamCompliance and play [Read More...]

Salt Lake City Hotel Chain Fined Almost $2 Million in ICE Audit

shutterstock_123461710

A September 10th ICE news release named Salt Lake City hotel chain Grand America as having been fined almost $2 million as a result of hiring unauthorized workers. As part of the settlement, Grand America also agreed to undertake remedial measures estimated to cost the company around $500,000. These measures include: adopting new policies to [Read More...]

Senator Wyden Calls for Expeditious Renewal of Expire Act

expire

Senator Ron Wyden, Chairman of the Senate Finance Committee, recently expressed  his contention that the expired provisions of the Expire Act, including the Work Opportunity Tax Credit (WOTC), the Empowerment Zone Credit, and the Indian Employment Credit, need to be expeditiously renewed. “Today, American businesses of all sizes are making their required quarterly tax payments [Read More...]

WOTC Update: Aaron Schock Pushes WOTC extension; IRS Urges Extension of WOTC Extender Bill

WOTC extension

In August, Rep Aaron Schock of Illinois introduced H.R. 5264 “To amend the Internal Revenue Code of 1986 to make the work opportunity credit permanent.”  The bill would extend WOTC one year retroactive to cover the current hiatus and would also make WOTC permanent.  Mr. Schock and his Co-sponsor Charles Rangel of NY have published [Read More...]

Tax Intelligence – State Targeted Hiring Tax Credits

state targeted hiring programs

Situation State targeted hiring programs provide tax credits for businesses who hire individuals falling into various categories such as disabled, unemployed, economically disadvantaged, and veterans.  Most states allow any business, regardless of industry, to take advantage of these programs.  Accessing and qualifying for these programs can vary from state to state. Solution To benefit from [Read More...]

Strategies to Lower Your Employment Tax Rate

Lowering your employment tax rate

As the state unemployment insurance (SUI) tax rate season approaches, now is the time to review best practices for reducing your employment tax rate for 2015.  States offer three primary savings opportunities for employers to reduce their overall SUI burden. Voluntary Contributions Voluntary contributions allow employers to make a one-time payment into a state’s UI trust [Read More...]

California EZ – Third Party Vouchering

California EZ

Some good news in the “wind-down” of the California Enterprise Zone Program! The California HCD has assigned third-party agents to continue vouchering for all Los Angeles zones as of September 1, 2014 through the end of 2014. Previously, Los Angeles announced that they would no longer accept voucher applications after August 31, 2014. Even though [Read More...]

I-9 Compliance: E-Verify Monitoring and Compliance Steps Up Activities

e-verify Form I-9

Employers using E-Verify need to be aware of the fact that the way in which they administer the system is being monitored, and quite closely. While E-Verify has been around in some form since 1997 and is currently used by over 530,000 employers, the Monitoring and Compliance (M & C) group is a fairly recent [Read More...]