Monthly ACA Compliance Can Reduce IRS Penalty Risk

As IRS enforcement of the ACA continues to ramp up, organizations would be wise to implement a monthly compliance process, if they haven’t already. Employers that implement a monthly ACA compliance process will likely avoid penalty assessments altogether, and in the event, they do receive one,… 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