Important employment and workplace considerations to accomplish for March.
Change to new Form I-9 for screening new employees
Start switching over to the updated Form I-9 with the revision date of October 21, 2019. Beginning on May 01, 2020, employers must be using the new Form I-9 for all employees. We recommend that employers start using the new form now for all new hires.
Prepare for Tax Season
Ensure your organization has the required tax documents and is aware of important updates for this tax season.
Review Employee Classification and Pay Practices to Comply with New FLSA Requirements
The new salary minimums for exempt status under the FLSA have gone into effect. Review current employee classifications and make necessary reclassifications and adjustments to comply with the new rules. With these adjustments, be sure you are avoiding pay compression and maintaining consistency in your pay practices.
Furnish 1095-C Schedules for 2019 and distribute ACA Form 1095 to Employees
Complete and submit ACA information to both the IRS and your employees. There are three deadlines, starting on February 28 through the end of March, that you should be aware of:
- February 28, 2020 – Deadline to file 1091-C / 1095-C schedules for 2019 if paper filing
- March 02, 2020 – IRS deadline to furnish 1095-C schedules for 2019 to employees
- March 31, 2020 – Deadline to file 1094-C / 1095-C schedules for 2019 if electronic filing