Deadlines Are Quickly Approaching...
Are you ready?
According to the Internal Revenue Service, W-2 forms should be mailed out to employees by no later than
January 31, 2020
for forms derived from the previous calendar year. While employees may not receive them in the mail on this date, they must, at the very least, be sent out at this point.
The IRS announced that the deadline to provide employees with the
has been delayed from January 31, 2020 to
March 2, 2020
. The forms, which outline employer-provided medical benefits, must be submitted annually by businesses with
50 or more full-time workers
. The IRS uses these reports to track employer compliance.While the penalty for individuals not having insurance has been repealed with last year's
law, employer mandate penalties remain in full effect for businesses.
The Equal Employment Opportunity Commission (EEOC) has announced that the deadline for filing the 2019 EEO-1 report is
March 31, 2020
.The Act mandates that employers report on the racial/ethnic and gender composition of their workforce by specific job categories. Federal regulations require that all employers in the private sector with
or more employees, and federal contractors and subcontractors with
or more employees and a federal contract or subcontract amounting to $50,000 or more, file the EEO-1 report annually.