At 7:49 a.m. CDT on Friday, October 2, 2015, Integrity Data’s Affordable Care Act compliance team received confirmation from the IRS that test submissions for Tax Year 2014 passed all the check points for electronic filing of employers’ ACA returns. By earning verification that its ACA reporting software works in the new IRS system called [...]
Please click the image to enlarge. Content updated December 11, 2020 When we first began talking with employers about Affordable Care Act compliance, the discussion always centered on ACA penalty risk management and who needs to care. That was early 2012. In every case then, the employer introduced the topic. We came [...]
Content updated on 10/24/2023 To sharpen the rendering of this image, please click to enlarge – particularly to see the footnote of the change in IRS guidance for Code 1A, which was announced January 25, 2016. Since employers don’t know their employees’ household incomes, how do they document what's “affordable” on their 1095-C returns [...]
If you’re in a company with 50 to 99 full-time employees (including full-time equivalents) and believe that Affordable Care Act compliance doesn’t yet apply to you, read on. The IRS has clarified that you, too, must file for CY2015 the new forms that are required for Affordable Care Act reporting. Yes, this filing burden in [...]
Content updated on January 10, 2023 The penalty-assessment phase of the Affordable Care Act’s employer mandate has been in place as of January 1, 2015 and enforcement started towards the end of 2017: high time for US companies to pay attention. Managing their penalty risk is crucial because consequences for not meeting the coverage [...]
Updated January 10, 2023 Penalties for IRS Filing Errors, Including those for Affordable Care Act (ACA) Returns are Significant. You’ve been generous all along in providing health insurance to every one of your employees. Sure, you’ve heard about the Affordable Care Act’s employer mandate. And you’ve got the gist: Do right by this law to [...]
With the U.S. Supreme Court taking the “where” factor out of individuals’ and families’ access to subsidies for health care, many businesses across the United States now have a regulatory call to action they can no longer ignore: Figure out how to comply with the Affordable Care Act (ACA) employer [...]
For the most up to date information, see this blog - "ACA Variable Hours Tracking: Who, What, When?" The U.S. Supreme Court ruling in the King v. Burwell case forces every employer to answer this question: “What’s your strategy for ACA compliance?” To find that answer, here are talking points to review: What’s your [...]
LINCOLN, Il., June 22, 2015 – Integrity Data, a longstanding leader in Payroll and Human Capital Management for Microsoft Dynamics®, has acquired Sypnio Software, a startup focused solely on Affordable Care Act (ACA) reporting and compliance.“Due to the urgency for employers to prepare for the intricate new IRS reporting come January 2016, we made the [...]
