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October 1st Affordable Care Act Deadline
Current employees must be provided with written notice by October 1, 2013. Employees hired after October 1, 2013, must be provided with notice at the time of hire. For 2014, notice is considered provided at the time of hire if it is provided within 14 days of the hire date.
The Department of Labor (DOL) has provided two model notices—one for businesses that offer a health plan, and one for businesses that do not offer a health plan—to assist employers. Both notices are included in the latest updates to Payroll System, TaxTools, and Small Business Tools. If you use any of the above programs, make sure you have updated to the latest version(s) so that you will have access to the notices. You can also download the notices from the DOL website in PDF format.
Although the DOL states on its website that "there is no fine or penalty under the law for failing to provide the notice," we encourage compliance.
Fall Renewal/Confirmation Notices
If you haven't yet renewed your CFS software, please consider the following benefits of renewing now:
Tax Research contains Internal Revenue Code, Regulations, Revenue Rulings and Procedures, Letter Rulings and other Chief Counsel Advice, Announcements, Notices, Publications, Treaties, and more. Search effortlessly through thousands of tax-related documents—from decades-old court decisions to the latest IRS press releases—using any computer with Internet access. To see a demonstration of Tax Research Online, view this video on our Instructional Videos page.
To log in to your MyCFS account and renew online, click here.
New Module Optimizes Social Security for Married Couples
The Social Security Optimization for Married Couples module will determine the optimum age for each spouse to file for benefits. It will also determine if it is beneficial to apply such social security spousal options as File and Suspend, Restricted Spouse Benefit, and Voluntary Suspension of Benefits. The optimum plan may provide thousands of dollars more in benefits than start ages typically chosen by Social Security recipients.
Once you have installed the update, make sure you are using the latest license code. Every year we receive calls from customers who are unable to access W2/1099 simply because they have not updated their license code. You can view your latest license code by logging in to your MyCFS account, here.
We will begin shipping CDs and form starter kits next month. You will receive a CD if you paid for the CD shipping option when you ordered the program. You will receive a form starter kit—an assortment of red forms, envelopes, and blank perforated stock—if you renewed W2/1099 by May 31st. If you are to receive both a CD and a starter kit, they will arrive in the same shipment.
CFS Customer Service
Please contact us if you would like to discontinue this free monthly service.