What is Employer Shared Responsibility?

employer shared responsibility provision payment meeting

Under the Affordable Care Act (ACA), the federal and state governments, employers, and insurers were given a shared responsibility to improve the availability, quality, and affordability of health coverage in the US. The Affordable Care Act’s employer shared responsibility provisions require certain employers (called applicable large employers or ALEs) to offer affordable health coverage to … Read more

What is a Transfer Agent? – IRS TY 2022

Bank Building - Transfer Agent

When completing your year end filings, you may find that the summary forms ask you to name the Payer’s Transfer Agent, if applicable. In many cases, you can find the this information under the investor relations section of a company’s website. Transfer Agent This can be a trust company, bank, or other institution assigned by another … Read more

Understanding Information Returns – Comprehensive Guide 2022

understanding information returns - Work meeting, people sitting around table talking

An Information Return is a tax form used to report to the federal government, non-payroll related payments made from a business, agency or person to another person or company. You also must furnish copies of the information returns to recipients for payments reported. Failure to file the information returns by specified due dates could result … Read more