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THE BEACON 
 
Monthly Newsletter About Workforce Development Issues 
  
   
Welcome. In this issue of The Beacon, we look at whether or not an employer is responsible when an employee does not report all hours worked, the IRS's announcement of the 2018 Cost of Living adjustments, and much more.
 
2017 1094 and 1095 Forms Available - IRS Announces Will Not Accept Electronically Filed Tax Returns Without Health Care Reporting Information
 
 The IRS has finally released official forms for employers to complete their 1094 and 1095 reporting.  This year the IRS has put more pressure on employers to ensure that these forms are completed as they have announced that they will not accept tax returns filed electronically by taxpayers where the taxpayer does not address the health coverage reporting requirements under the Affordable Care Act.
 


 
IRS Clarifies Interplay Between COBRA and Medicare
 
The IRS has released an information letter explaining the circumstances under which a covered spouse is entitled to an extended COBRA coverage period due to the covered employee's Medicare entitlement prior to termination of employment

 


Is An Employer Responsible When an Employee Doesn't Report All Hours Worked?

by Marylou V. Fabbo of Skoler, Abbott & Presser, PC
 
Employers often place the burden on employees of recording hours worked.  Employee handbooks have provisions that require employees to record and report all time worked.  Employers may require employees to review and sign their timecards verifying their hours.  Policies may prohibit off-the-clock work and notify employees that they must report errors in pay.  But are these things enough to free employers from liability for unrecorded, unpaid wages?
 


IRS Announces 2018 Cost of Living Adjustments for FSA's and Other  Benefits
 
The IRS has released the 2018 cost-of-living adjustments (COLAs) for a wide variety of tax-related limits, including limits relating to health FSAs, qualified transportation fringe benefits, qualified small employer health reimbursement arrangements (QSEHRAs), adoption assistance, DCAPs, the small business health care tax credit, the premium tax credit, and Archer MSAs.Connecticut, in adopting a sick leave law.
 


Do You Need to Increase Your Emotional Intelligence (EQ)?
 
"Emotional intelligence" (EQ) was coined by two researchers Peter Salavoy and John Mayer an made famous by the book Emotional Intelligence by Dan Goleman. EQ focuses on a person being aware of how emotions can drive their behavior and impact those around them - both in a good and not-so-good way. 
 


Member News...
 
EANE congratulates member organization Leominster Credit Union for being named Credit Union of the Year at the 2017 Cooperative Credit Union Association Annual Meeting and Convention.  Click on the link below to read more.
 
 
 


Membership Corner...

As we enter the month of November,  we would like to acknowledge our newest members who joined EANE in October.  To learn about our newest members...

 




 
  
People.  Business.  Success.
  
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