sequoia.com
Let's Talk

Come Through (or Welcome to our blog!)

The following confession may not seem like a big revelation, and it may not impart any life-changing nuggets of wisdom on you as a reader of our newly-minted blog.  Still, I thought disclosing this little fact would be the best way to introduce this blog, as well as...

New 1095 Forms From the IRS

With tax season bearing down on all of us, those who have not yet completed their filings may feel some pressure, particularly when it comes to the new Affordable Care Act and how it impacts tax filings. One question we’ve heard a few times while working with our...

New IRS Guidance on the “Cadillac” Tax

What is the “Cadillac Tax?” As part of the ACA regulations, a 40% excise (or “Cadillac”) tax will be imposed on employers that offer plans that exceed the determined statutory dollar limit. Do I need to do anything now?  No. This law goes into effect on 1/1/2018.  We...

Practices Prohibited by New ACA Regulations

Updated 3/10/2015 – Additional Guidance from the IRS The IRS recently released Notice 2015-17, which addresses and clarifies important issues regarding premium reimbursement arrangements, including but not limited to, wage increases in lieu of health coverage,...

San Francisco Commuter Benefit Reporting

What do I need to do now?   Prepare to report your Commuter Benefit offering by 4/30/2015.  The form is available here. More Information Pursuant to the San Francisco Commuter Benefits Ordinance, businesses with locations in San Francisco that have 20+ employees...

HSAs and Taxes and Forms (oh my!)

If last year was the first time you’ve ever held a high-deductible health plan and opened a tax-free health savings account (HSA), the following might sound familiar: You watched your HSA balance grow over time, starting with just a handful of dollars from your first...

Federal Subsidies “King v. Burwell” Case Update

Updated 3/10/2015 – Update on King v. Burwell Earlier this month, the Supreme Court heard oral argument in King v. Burwell. Oral arguments spanned over three days and it appears that the Supreme Court is divided on the issue, with no clear clues on how the Court...

Philadelphia Paid Sick Leave Law Overview

What is the new Philadelphia Paid Sick Leave Law? Beginning 5/13/2015, employees in the City of Philadelphia are eligible for paid sick leave. What types of employees are covered by the Ordinance? Eligible employees include all full-time and part-time employees who...

Employer Reporting – IRC Sections 6055 and 6056

What information needs to be reported?  You will need to provide the IRS with details on the classification of your company, types of coverage offered, individuals covered, and other pieces of information as requested on the applicable forms. Who will be affected by...