DM Payroll Solutions

Since its inception, the ever-changing requirements of the Affordable Care Act (ACA) has likely complicated managing your business’s workforce. According to the ACA, employers with more than 50 full-time equivalent (FTE) employees must meet the demands of mandated reporting requirements to remain compliant and avoid steep penalties. DM Payroll Solutions’ ACA compliance features can help […] Read More

The IRS announced a decrease for 2025 to the applicable dollar amount used in calculating employer shared responsibility (ESR) payments under the Affordable Care Act (ACA). For 2025, the ESR payment amounts will be $2,900 for failing to offer minimal essential health care coverage and $4,350 for failing to offer affordable minimal essential health care, […] Read More

The Internal Revenue Service (IRS) recently announced it will be increasing the penalties for employers who fail to comply with the Affordable Care Act (ACA) employer-shared responsibility provisions in 2024. The employer-shared responsibility provisions, also known as the employer mandate, require certain employers to provide affordable health insurance coverage to their employees or face penalties.   Qualifying as […] Read More

As the end of the year approaches, it is crucial to ensure your payroll year-end information is accurate to help your business and employees prepare for tax season and year-end reporting. Even if you are an experienced pro, it can be easy to overlook items during the year-end crunch time. DM Payroll Solutions has outlined […] Read More

Most HR departments handle recruitment, workplace safety, employee relations, labor law compliance and payroll, amongst other things. When it comes time to add-on managing benefits, especially for smaller companies with limited resources, an additional challenge is created. Monitoring benefit eligibility for employees is complex and requires accurate and timely tracking of hours worked, plan policies […] Read More

The end of the year is quickly approaching, so it’s imperative to start preparing for your year-end payroll reporting as soon as possible. As you’re probably familiar, the year-end payroll process can be overwhelming for a business owner, with the need to accurately calculate taxes, wages and deductions for all your employees in a short […] Read More

U.S. employers with at least 50 full-time equivalent (FTE) employees are required to comply with the Affordable Care Act (ACA) by filing their employees’ health insurance information annually with the Internal Revenue Service (IRS). This information includes the year’s payroll and benefits data broken down by month, and there are also events that must be […] Read More

As a business owner, keeping tight payroll records is imperative. However, can you confidently say which records your business needs to keep and for how long? While your company grows and you hire more and more employees, you likely will run out of room (physical and/or virtual) to house each employee’s individual paperwork. After awhile, […] Read More

The Internal Revenue Service (IRS) extended the deadline for furnishing 2019 Forms 1095-B and 1095C to its employees from Jan. 31 to March 2. Every year since the Affordable Care Act (ACA) requirement went into effect, the due date has been delayed due to a substantial number of employers, insurers and other providers of health […] Read More

The Internal Revenue Service recently announced that the employer-sponsored health coverage will satisfy the Affordable Care Act (ACA) affordability requirement in 2020 if the lowest-cost, self-only coverage option available to employees does not exceed 9.78% of an employee’s household income. This limit comes down from the current year’s 9.86%. As part of ACA’s employer mandate, […] Read More