Ideas & Insights

Tax planning opportunities for consideration in light of COVID-19, the resulting economic crisis, and evolving tax laws and regulations.

Employers that do not provide Affordable Care Act-compliant health coverage are in danger of being assessed IRS penalties.

Employers with self-insured health plans must submit enrollment data to the government by Nov. 15 and pay the reinsurance fee by Jan. 17.

Penalties on employers for failing to offer health coverage that complies with the Affordable Care Act are adjusted for inflation for 2015 and 2016.