sequoia.com
Let's Talk

{Updated} New IRS Guidance on the “Cadillac” Tax

Updated 12/18/2015 On 12/18/2015, Congress passed the Consolidated Appropriations Act, 2016, also known as the “Omnibus,” that delays the Cadillac tax for two years from 2018 to 2020. This excise tax is expected to be imposed on high-cost employer-sponsored plans....

W-2 Reporting of Cost of Coverage

The Affordable Care Act requires employers who filed 250+ Forms W-2 for the 2014 calendar year to report the cost of coverage under an employer-sponsored group health plan. Please note, the number of Forms W-2 the employer must file is determined without application...

{Updated} Transitional Reinsurance Fee

Updated 12/3/2015 Applicable contributing entities who have registered with Pay.gov for the payment of their 2015 transitional reinsurance fee should be reminded that a scheduled payment will be made from the assigned bank account on 1/15/2016. For employers who chose...

Payroll Tip: W-2 Forms

As we prepare for end of the year, we are recommending that if you partnered with Sequoia One after January 1st, you should follow up with your previous provider to ensure the following items are being handled by them: W-2 Forms will be sent to employees. Inquire how...

2016 Minimum Wage Increases

With the start of a new year, many states have passed legislation to increase the minimum wage for workers in that state. For our Sequoia One clients, the Sequoia One team will be proactively reviewing the below items in advance of the changes to ensure your company...