What’s on Your 2014 Compliance Checklist?

HR, payroll and benefit compliance is becoming an increasing concern for many employers

For 2014, the list of concerns is rather lengthy.

The following are four issues that business professionals with compliance duties should keep on their running to-do lists:

The Affordable Care Act.

A cluster of mandates either took effect on 2014 or on the first of the plan year that starts in 2014.

Examples include annual limits prohibitions, the 90-day waiting period and no more preexisting condition exclusions.

Employers need to address issues related to employer shared responsibility, like whether they are an applicable large employer and

who their full-time employees are

Ongoing duties will need to continue, like W-2 health care coverage reporting and payment of PCOR fees.

Don’t forget the never-ending stream of regulations and other guidance.

Windsor case aftermath.

Many employers may want to go after FICA overpayments from prior years.

Anticipated Quality Stores fallout.

On January 15, 2014, the U.S. Supreme Court heard oral argument in the U.S. v. Quality Stores case.

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