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The IRS quietly began sending penalty assessments under the Affordable Care Act (ACA) last November. The agency began by penalizing applicable large employers who failed to offer minimum essential coverage to 70% of their full-time employees in 2015. Now, they are sending penalty letters to employers who offered coverage in 2015, but had at least one employee who went to the Marketplace and received a subsidy. In this case, if the IRS believes the employee was not offered coverage, or the coverage offered was unaffordable, it will assess a penalty. Insiders also warn that 2016 penalty assessments are coming soon. If you receive a Letter 226J penalty assessment, we recommend reaching out to an attorney or another benefits specialist to help you respond. To contact the Fisher Phillips Benefits Group, please contact Tabatha George at 504-529-3845 or tgeorge@fisherphillips.com.
The LRA, in partnership with the Louisiana Association of Business & Industry (LABI), would like to invite its members to the Ready4Work Employer Seminar. During this 3-hour informational session on April 13, you will learn about the Ready 4 Work model, help guide its refinement and explore new opportunities for your business to grow its workforce.
Ready4Work is part of the Louisiana Prisoner Re-Entry Initiative, focused on providing opportunities for formerly incarcerated citizens to attain financial stability with the skills and resources necessary to re-enter the workforce and turn away from crime. Business participation in this program is vital to its success. Your input in how it is designed and implemented will lead to full-time employment for those that meet job standards. Last year, Louisiana released more than 1,400 non-violent offenders from prison as part of its Criminal Justice Reform efforts. If these men and women are given the opportunity to receive training and a job they are proud of, it can lead to a new chapter of their life outside the prison system. Ready4Work has chapters all across the country, with proven success stories. Jacksonville's program has a recidivism rate of 29 percent, compared to the Department of Correction's recidivism rate of 67 percent. Louisiana spends almost $20,000 annually for each individual behind bars- a total of over $700 million annually. Our state's highest-in-the-nation imprisonment rate, along with this hefty price tag and poor outcomes, add up to a problem business can no longer ignore. We hope you will join us for this informative seminar: Friday, April 13, 2018 Ace Hotel 600 Carondelet St., New Orleans 1-4 p.m. |
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2700 N. Arnoult Road | Metairie, LA 70002 Phone: (504) 454-2277 | sitemap |
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