ACA Filing Takeaways for The New Year
As 2024 approaches, now is the time to begin preparing for the 2023 ACA reporting requirements. To assist you with your ACA responsibilities, we’ve curated a list of some of the most common ACA reporting questions and answers heading into 2024. We hope you find these… Read More
The ACA, Seasonal Workers, and You
Summer is upon us and with it a number of annoyances. Mosquitos. Road construction. And those pesky Affordable Care Act (ACA) compliance responsibilities that tend to slip during summer months following the push to submit annual ACA information filings to the IRS. Read More
Navigating ACA Full-Time Employee Rules
ACA Full-Time: What is it and Why Does it Matter? What constitutes a full-time employee under the ACA? The answer is not as simple as it seems. And getting your full-time employee count right matters because it determines Applicable Large Employer (ALE) status, a necessary step for understanding the requirements… Read More
California Individual Mandate ACA Furnishing Deadline is January 31
With the New Year well underway, organizations with operations in California should give special attention to the state’s Individual Mandate and its additional ACA reporting requirements. Employers offering self-funded healthcare plans and health insurance carriers must furnish 1095-C healthcare… Read More
Owners of Multiple Small Businesses May Need to Comply with the ACA
Understanding the details of the employer-shared responsibility provisions under the ACA can be challenging, especially as the IRS continues to issue penalties for non-compliance. One of the first steps is determining whether or not your organization is an Applicable Large Employer (ALE). To find out whether… Read More
ACA Affordability Drops to Historic Low for 2023 Tax Year
Last week the IRS announced the affordability percentage for Premium Tax Credits (PTCs) and employee contributions for employer-sponsored health coverage. In IRS Rev. Proc 2022-34, the agency makes clear that the ACA affordability percentage for the 2023 tax year… Read More
ACA Compliance Is a Must This Summer
The words “summer” and “vacation” often go together. Applicable Large Employers (ALEs) should note that even though their ACA filing responsibilities have likely been satisfied due to the deadlines in April, the summer is more than a time for vacation, it’s also a critical time for maintaining ACA… Read More
Get to Know the ACA’s 1095-C Form
With the end of the year approaching quickly, ACA compliance and the subsequent ACA reporting are ramping up. Employers preparing for IRS and state filing requirements should consider the importance of the 1095-C form. What is the 1095-C form? Form 1095-C is a record of an… Read More
[UPDATE] What Employers Need to Know About the Employee Retention Credit
The latest IRS Notice 2021-23 provides additional rules on the Employee Retention Credit (ERC) with respect to quarter one and quarter two of the 2021 tax year. The new notice supplements IRS Notice 2021-20 and clarifies that under Section… Read More
Special Enrollment Period Doubles Enrollees, Final Month Approaches
In June, the ACA’s special enrollment period garnered 1 million sign-ups through the federal health exchange, HealthCare.gov. A month later and the number of enrollees has doubled. On July 14, the Centers… Read More