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
Submit ACA Corrections Now to Avoid IRS Penalties
The deadline for electronically filing ACA forms 1094-C and 1095-C for the 2022 tax year was March 31. Did you make the deadline? If you did, were all your submissions correct and accepted? If not, you may need to submit ACA corrections for the 2022 tax… Read More
IRS Limited Non-Assessment Periods Help Avoid ACA Penalties
The responsibilities under the ACA’s Employer Mandate may seem straightforward, but, in reality, complying with them can be challenging and time-consuming. An area that many Applicable Large Employers (ALEs) struggle with is knowing when they have to extend an offer of coverage to a full-time employee. 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 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
These Industries are Most at Risk for ACA Penalties From the IRS
The home healthcare, staffing, restaurant, and construction industries are under fire from the IRS for failing to comply with the ACA. Organizations within these industries have been shocked to receive ACA penalty notices from the IRS that are in the millions of dollars. Of course, all… Read More
5 Common ACA Compliance Mistakes Restaurants Make
Over 10 years after the ACA was first signed into law, the reporting requirements under the ACA’s Employer Mandate have proven challenging and time-consuming for most. But quick-service restaurants have it harder than others. Minimizing costs and increasing employee retention in the restaurant space is… Read More
Deadline to Furnish ACA Form 1095-C is Today
The deadline for distributing the ACAS 1095-C forms to full-time employees is today, March 2. Did you make it? This deadline applies to Applicable Large Employers (ALEs), or employers with 50 or more full-time employees and full-time equivalent employees. The original deadline was January 31, 2022,… Read More
Data Quality Management Is Key to ACA Compliance
Many of the challenges posed by the Affordable Care Act’s Employer Mandate are inherently data problems. Data quality management is not just an issue for larger employers with multiple HR and payroll systems. It’s a problem for all employers that are subject to the ACA. Under… Read More
Calculating FT and FTE Employees [UPDATED]
As part of their annual filing of healthcare coverage information with the IRS, organizations must determine if they are Applicable Large Employers (ALEs) for purposes of the Affordable Care Act (ACA) – that is, whether they have an average of 50 or more full-time (FT) or full-time-equivalent employees… Read More