IRS Extends ACA Reporting Deadline

Dec 29, 2015 3:43:31 PM

By Coastal Payroll

The IRS has delayed the due dates for required ACA reports and forms, extending the due date for furnishing Form 1095's from February 1st, 2016 to March 31, 2016. What you need to know:

California Law Updates for 2016

Dec 22, 2015 9:59:23 AM

By Coastal Payroll

Effective January 1, 2016, California’s minimum hourly wage will increase from $9.00 to $10.00. The increase will affect the minimum salary requirement for many exempt employees as they must make at least two times the minimum hourly..

2016 Compliance Updates

Dec 14, 2015 12:22:18 PM

By Coastal Payroll

The Internal Revenue Service has announced the annual inflation adjustments for 2016; these adjustments include social security, 401k, and HSA limits.  Several states have also had increases in minimum wage and their corresponding wage..

FUTA Changes for Current Tax Year 2015

Dec 2, 2015 4:14:24 PM

By Coastal Payroll

Employers in four jurisdictions (3 states, 1 US Territory) are to pay higher payroll costs for 2015 because of Federal Unemployment Tax Act credit reductions, down from eight jurisdictions for 2014. Higher federal unemployment tax..