At the beginning of each year, businesses are responsible for sending W-2 forms to employees and contractors and gathering the data necessary for ACA reporting. Both of these tasks are required to ensure compliance.
In our last article, we took a closer look at what 2020 brought with regard to changes in employee benefits and business. The pandemic had businesses scrambling to adjust quickly to the abrupt changes in the workplace. Many of the trends are expected to continue, especially telehealth, increased mental health benefits, and work from home arrangements.
When we began 2020, no one could have predicted the obstacles that would face every person and business throughout the year.
Life is always changing. It brings the joys that come with marriage, babies and job promotions. It can also bring hardships like divorces and a spouse losing their job. One thing all life events have in common is an overwhelming amount of emails, paperwork and reminders.