Week of June 14, 2024 | SSG Insights

Over 80% of Employers Will Add or Improve Benefits in the Next Year

A new report found that 81% of organizations plan to add or improve employee benefits in the next year to better recruit and retain employees. This News Brief explains further.

ACA Information Reporting Penalties Increased for Returns Filed in 2025

Now that the reporting deadlines for the 2023 calendar year, which took place in 2024, have passed, it is time to focus on next year’s filing deadlines and penalties. IRS Revenue Procedure 2023-34 includes the updated penalty amounts that may apply to reporting entities that fail to comply with the Affordable Care Act’s (ACA) requirements under Internal Revenue Code Sections 6055 and 6056.