HEALTH CARE REFORM
On November 18, 2016, the Internal Revenue Service (IRS) issued Notice 2016-70 (the Notice), which extends the due date for certain 2016 information reporting requirements under the Affordable Care Act (ACA).
Employers in California and the U.S. Virgin Islands will pay substantially higher Federal Unemployment Tax Act (FUTA) taxes in January 2017, due to unpaid federal loans.
On October 5, 2016, the Consumer Financial Protection Bureau (CFPB) recently issued its final Prepaid Accounts Rule, which amends Regulations E and Z to provide broader protections for certain prepaid accounts, including employer-provided payroll cards.
As part of its continuing efforts to support programs that defend against global financial crimes affecting businesses and consumers, ADP® is collaborating with the U.S. IRS to test the capability of a new Form W-2 Verification Code.