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The Future of Blockchain and Manufacturing and Distribution Companies

Blockchain is essentially a decentralized ledger where two parties can exchange value with no intermediary. The pillars of blockchain, Ahluwalia continued, are consensus, state consistency, almost immediacy, and immutability—in other words, data does not go through a central source and, once entered, is quickly available to everyone on the chain but cannot be altered. With blockchain technology, manufacturers and distributors can track every step of a product’s journey from source to consumer and trust that the information is true and current.

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RHSB Expands Employee Benefits Practice

Dirk Hansen, Shannon Hansen, and Cindy Gonzales join Employee Benefits Practice at RHSB RHSB is pleased to announce the addition of three new experienced professionals to expand its Employee Benefits practice. Dirk Hansen joins as Senior Vice President, Principal, and Employee Benefits Practice Leader. Dirk has 37 years’ experience in the employee benefits industry serving…

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Reminder: PCORI Fees Due July 31

The Affordable Care Act imposes a fee on issuers of health insurance policies and plan sponsors of applicable self-insured health plans including stand-alone Health Reimbursement Arrangements or HRAs, to help fund the Patient-Centered Outcomes Research Institute. Employers who sponsored self-funded medical plans or HRAs ending sometime in 2017 must report and pay the Affordable Care Act PCORI fees no later than July 31, 2018. The PCORI fee is based on the average number of lives covered under the policy or plan.

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Reminder: Counting Employees Vital to ACA Compliance

Company Size Impacts Application of “Pay or Play” and Information Reporting Requirements Employers are reminded that it is important to know how many full-time employees they have in order to ensure compliance with the employer shared responsibility provisions (“pay or play”) and corresponding information reporting requirements of the Affordable Care Act (ACA)—which apply only to…

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Keeping Your Home Office Safe

Telecommuting (working from home) is growing in popularity. According to Global Work Play Analytics, the number of U.S. workers who do at least 50% of their work at home or some location other than a central office grew by 115% between 2005 and 2015. As of 2015, there were approximately 4 million telecommuting professionals. While…

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Forms 1095-B and 1095-C Furnishing Deadlines Extended

Health Care Reform Update  Forms 1095-B and 1095-C Furnishing Deadlines Extended / Good Faith Penalty Relief also Extended The IRS has extended the due dates for furnishing 2017 Forms 1095-B and 1095-C to covered individuals and full-time employees, respectively, from January 31, 2018, to March 2, 2018. The IRS has also extended good faith penalty relief…

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