Year end is always a busy time for small businesses and their advisors but this year is shaping up to be particularly hectic due to 11th hour changes that affect 2016 compliance and 2017 planning. In the health care arena, employers are working to comply with Affordable Care Act requirements even as the future of the Act itself remains unclear. In the wage and hour arena, an emergency injunction suspended the Department of Labor (DOL)’s new overtime rule just eight days before it would have taken effect – and after many employers had already taken considerable efforts to comply. So, what now? Will the new rule take effect? When and in what form? Should employers maintain the changes they made to roles, duties, and salaries to comply with the new rule, put those changes on hold, or reverse them? Is it possible (or advisable) to “un-comply” with a suspended regulation?
At this session, small business attorney and nationally known author Barbara Weltman will go over the major recent developments affecting small employer compliance and help you understand the steps businesses and the CPAs who advise them should be taking now.
- ACA on the brink of change – current proposals and employer considerations
- The Small Business Healthcare Relief Act and the return of health reimbursement arrangements
- HSAs: 2017 COLA adjustments and the role of HSAs in planning through the ACA transition
- ACA compliance in 2017, 1095-C deadline changes, and more
- The revised DOL overtime rule, emergency injunction, and the impact for employers
- Any late-breaking major new developments
- Understand recent developments with respect to employer compliance with ACA, and employer planning relative to health care and other fringe benefits
- Understand the status of the new DOL regulations and what employers should do considering recent developments
Employers and CPAs who are impacted by recent legislative and regulatory developments in health care and wage and hour compliance
A basic understanding of the underlying tax, employee benefits, and payroll compliance rules