30 Dec 12.31.20 – Weekly Summary
30 Dec 2021 ACA Reporting Deadlines
Affordable Care Act (ACA) reporting under Section 6055 and Section 6056 for the 2020 calendar year is due in early 2021. Specifically, reporting entities must:
- File returns with the IRS by March 1, 2021, since Feb. 28, 2021, is a Sunday (or March 31, 2021, if filing electronically); and
- Furnish statements to individuals by March 2, 2021.
30 Dec DOL Issues Guidance on Electronic Posting of Labor Law Notices
On Dec. 29, 2020, the U.S. Department of Labor (DOL) issued Field Assistance Bulletin 2020-7, which addresses when the DOL will consider electronic posting by employers (by email, or an internet or intranet website) sufficient to provide employees with required notice of their statutory rights under a variety of federal labor laws.
The Bulletin was issued in response to employer questions about the use of electronic means to post notices under the following laws, as more employees work remotely due to the COVID-19 pandemic:
30 Dec Colorado Employers Must Provide 80 Hours Emergency Leave on Jan. 1
On Jan. 1, 2021, Colorado employers will have to provide workers with up to 80 hours of paid public health emergency leave (PHEL) under the state’s new Healthy Families and Workplaces Act.
The requirement was clarified in guidance and temporary emergency rules issued by the state’s Department of Labor and Employment (DLE) on Dec. 23, 2020.
30 Dec CVSA Releases 2020 International Roadcheck Results
More than 50,000 North American Standard Level I, II, III and V Inspections were conducted throughout Canada, Mexico and the United States during the most recent Commercial Vehicle Safety Alliance’s (CVSA’s) annual International Roadcheck.
This inspection and enforcement initiative highlights the work of 13,000 commercial motor vehicle inspectors throughout North America and acknowledges the compliance of motor carriers and professional drivers through the issuance of a CVSA decal on eligible vehicles.
30 Dec Final Regulations Issued for Transportation Fringe Benefits
On Dec. 16, 2020, The U.S. Treasury Department and Internal Revenue Service published final regulations on the deduction for qualified transportation fringe (QTF) expenses, following changes made by the Tax Cuts and Jobs Act (TCJA).
The final regulations became effective upon publication and replace proposed regulations and interim guidance provided in IRS Notice 2018-99.
30 Dec The Importance of Certificates of Insurance
No matter what industry you’re in, chances are your organization will, at some point, rely on the help of a third party to fulfil certain business needs.
Regardless of who you work with, business arrangements with contractors and vendors can open you up to a number of risks—risks that need to be accounted for through insurance.
30 Dec DOL to Accept Telemedicine as Inperson Visit for FMLA Purposes
On Dec. 29, 2020, the U.S. Department of Labor (DOL) published Field Assistance Bulletin 2020-8 to provide enforcement guidance regarding the use of telemedicine when establishing a serious health condition under the Family and Medical Leave Act (FMLA).
FMLA Eligibility
FMLA job protections are available to eligible employees who need to take time off work due to their own serious health condition or the serious health condition of a spouse, child or parent.
30 Dec IRS Announces 2021 Standard Mileage Rates
On Dec. 22, 2020, the IRS issued the 2021 optional standard mileage rates, which are used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.
The 2021 standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be:
18 Dec 12.18.20 – Weekly Summary