Alabama Bank News

What do you spend the most time on in the office? Do meetings or collaborative projects take up most of your day, or do you find yourself spending a disproportionate amount of time on minutia—the mundane but necessary tasks that can become massive time ...Read More

With the current focus on ACA reporting, we are observing[1] more employers giving close attention to common control issues and discovering that indeed they are members of an aggregated group of applicable large employers and must report such on their 1094-C filing. We see ...Read More

March 1, 2016 – The Legislature met for three days last week, and has now met for 10 legislative days. Though legislators have only been in Montgomery for four weeks, the session is one-third complete. Last Thursday, on a 23-10 vote, the Senate passed the ...Read More

The subject of this message concerns individuals who qualified for advance premium tax credits during 2015 when purchasing health insurance through healthcare.gov or their respective state-sponsored exchange. When those individuals file their 2015 tax return, they must complete and file IRS Form 8962, Premium ...Read More

Feb. 16, 2016 – The Legislature met in session for two days last week, Tuesday and Thursday, and held numerous committee meetings last Wednesday. The action that most impacted Alabama banks occurred last Tuesday on the House floor, when the House passed House Bill 36, ...Read More

One year ago, the “Week One” issue of Capitol Notes for the 2015 Regular Session began as follows: “Alabama’s Legislature began its 2015 Regular Session last Tuesday at noon. By the end of the week, two things were crystal clear: Alabama’s budget problem is ...Read More

Mid-sized employers – those who averaged between 50 and 99 full-time employees and full-time equivalents for calendar 2014 – are exempt from the §4980H penalties in 2015. Penalties cannot begin to apply to these employers until Jan. 1, 2016. However, this special transition rule does ...Read More