IRS Penalty Update: 2024 Employer Shared Responsibility Penalties
The IRS has recently released information on the penalty rates for violations of the Affordable Care Act’s (ACA) employer-shared responsibility provisions for the year 2024. Applicable large employers (ALEs), which are employers with 50 or more full-time equivalent employees, must comply with these provisions. Otherwise, they are subject to one of two penalties. First Penalty […]
Medical Mileage Rate Set to Increase
It’s no secret that gas prices in America today are pretty shocking. Recently, AAA reported that the national average cost of gas is up to $5 a gallon. Correspondingly, that’s a whopping 75 dollars to fill up the average sedan. While we’re all feeling the effects of this price increase, those who need a car […]
