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Payroll Updating
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 Did you
know payroll systems need to be updated by January 2011 to calculate and
report the aggregate cost of applicable employer-sponsored health
insurance on employees' W-2 form? The Patient
Protection and Affordable Care Act (PPACA) requires employers for the taxable
years beginning after Dec. 31, 2010 to report the cost of employer
sponsored health insurance annually. Therefore, while MOST W-2's for tax
year 2011 will be issued in January 2012, W-2's reflecting the new health
insurance information must be available
not later than February 1, 2011 in the event a terminating employee
requests one. |
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Question of the Week Results
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 Issues
that will have an impact on workflow and short-term financial return as well as
technology are at the top of NJSA members' minds this week. All three of these issues scored 33% of the
respondents.
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