Summer is the perfect time to get up to speed on what the ACA means for US employers! Whether you’re brand new to the rules of the Affordable Care Act or just in need of a refresher, join us for an information-packed Affordable Care Act 201 educational webinar series in July and August. We’ll fill you [...]
Does Affordable Care Act (ACA) compliance give you a headache? If so, you’re in the company of millions of frustrated people. The ACA has created one of the most complex compliance challenges in history, and one of the most disliked tasks for U.S. business owners. But let’s take a moment away from the frustration, to [...]
When calculating full-time headcount to see whether a business is large enough to need to comply with the Affordable Care Act, a company has to start by looking at the service hours of every worker. But in the tally toward that all-important threshold for an Applicable Large Employer – 50 full-time employees, including equivalents – [...]
The Tax Cuts and Jobs Act signed into law by President Trump in December of 2017 eliminated the penalty associated with the “individual mandate” beginning in January of 2019. At about the same time, the IRS ramped up ACA enforcement of the “employer mandate”. The result was a mixed message in the ear of [...]
Updated September 15, 2020 After a turbulent first year with the new administration in charge, the ACA Employer Mandate still stands and therefore so do all the IRS reporting requirements around it. As 2020 comes to a close, here are some interesting observations we have made since we first started with ACA compliance solutions [...]
Writing note showing Aca Affordable Care Act. Business photo showcasing providing cheap treatment to patient several places Man holding marker notebook clothepin reminder wooden table cup coffee Updated 10/23/2023 The last few years have been a roller coaster for the Affordable Care Act – the late 2018 shock being the Texas ruling [...]
Right before the holiday weekend in December 2017, the IRS released Notice 2018-06: a nice last minute holiday gift for employers. Let’s break it down: The due date for providing Forms 1095-C to employees is extended 30 days to March 2, 2018 The ACA employer mandate – which remains as is despite the new tax [...]
Despite the administration touting that the new Tax Cuts and Jobs Act “essentially” repeals the health law, this is not the case. Let’s separate fact from fiction: Employer Mandate stands Employer obligations remain unchanged. What is NOT going away as part of this new law: The ACA employer mandate (and the enforcement of that mandate): [...]
The IRS has begun notifying employers of ESRPs (Employer-Shared Responsibility Payments), otherwise known as ACA penalties. In 2017, they started sending the first letters, letter 226J, to address penalties associated with the 2015 filing year for forms provided to the IRS in 2016. It is important to provide a timely response to this [...]
Updated January 11, 2023 While the Trump administration continues to push to dismantle the Affordable Care Act (ACA), they haven’t made much progress. The IRS has imposed many penalties since the ACA has been in place. So when your CEO asks if your business really needs to comply with ACA compliance...the answer is YES! [...]