ACA penalties

10 07, 2018

Employers: What’s new for 2018 ACA reporting?

2018-08-31T20:08:41+00:00July 10th, 2018|ACA Tracking, Reporting Compliance, Payroll and HR Software|0 Comments

The 2018 IRS filing year is quickly approaching; and employers will once again need to shift their focus to ACA compliance. Much will remain the same for the upcoming IRS ACA reporting year, but there are a few notable changes. To prepare for 2018 ACA reporting, employers should take time to review the upcoming requirements [...]

12 12, 2017

ACA employer compliance enforcement: I received letter 226J from the IRS. How do I respond?

2017-12-12T11:07:20+00:00December 12th, 2017|ACA Tracking, Reporting Compliance|0 Comments

The IRS has begun notifying employers of ESRPs (Employer-Shared Responsibility Payments), otherwise known as ACA penalties. The first letters, letter 226J, 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 IRS letter. Here are some tips to ensure [...]

28 11, 2017

ACA Filing: The Big Difference Between Filing Late and Intentionally Disregarding ACA Reporting

2017-11-28T15:25:51+00:00November 28th, 2017|ACA Tracking, Reporting Compliance|0 Comments

While the current administration continues to push to dismantle the Affordable Care Act (ACA), they haven’t made much progress. The IRS hasn’t imposed any non-compliance penalties over the course of these last two years ACA has been in place either. So, that begs the question, should businesses even give ACA compliance a second thought? Besides [...]

21 04, 2017

ACA Penalties Are Coming

2017-04-21T20:47:08+00:00April 21st, 2017|ACA Tracking, Reporting Compliance|0 Comments

The political climate what it is, many employers have been holding out hope for penalty relief for not offering coverage, not offering affordable coverage and for not filing the necessary ACA forms with the IRS. The most recent legislation that was pulled for consideration in the House of Representatives would have provided relief to employers [...]

30 12, 2016

Don’t Underestimate the IRS When it Comes to Collecting ACA Compliance Penalties

2017-01-08T13:22:21+00:00December 30th, 2016|ACA Tracking, Reporting Compliance|0 Comments

It’s cliché for a reason, the government is rarely ready or capable of following up on many of its own rules and regulations. Many agencies are underfunded, understaffed and simply unable to determine whether businesses are able to comply with many regulations. This cliché is now magnified by the recent election and an incoming president [...]