With a question like “What is ACA compliance?”, you know you’ll be getting into some complicated territory – but it’s critical to have the specific right answer for your organization.
It’s true. On June 29, 2015, the Trade Preferences Extension Act became law and, unbeknownst to many, the act included a provision to amend Internal Revenue Code sections 6721 and 6722 to increase the per-employee penalties on applicable large employers for failing to properly file ACA information returns or provide payee statements. The increased penalties will apply to Forms..
It is hard to believe that five years ago this week, President Obama signed the Patient Protection and Affordable Care Act (ACA) into law with the primary goals of expanding access to health insurance, protecting patients against arbitrary action by insurance companies and reducing costs. Since its signing – and many years prior – the..
Earlier this month, the IRS released final versions of the forms 1094-B, 1095-B, 1094 – C and 1095 – C, that employers subject to the Affordable Care Act (ACA) “shared responsibility” mandate will be required to file (in 2016 for 2015) in order to show that the health coverage they offer to their employees is..