Special Post: ACA Penalty Letters –What to do?

Read your ACA Penalty Letter Carefully and Respond Immediately The Internal Revenue Service (IRS) has announced that it will begin mailing employers letters informing them of their potential liability (Employer Shared Responsibility Payment) for a “pay or play” penalty for the 2015 calendar year in late 2017.  Before any penalty is assessed and payment demanded, … Read more

ACA Deadlines Pushed Back

The IRS has announced that the due dates for certain information reporting requirements for 2016 imposed by the Patient Protection and Affordable Care Act (ACA) are pushed back. This notice by the IRS specifically extends the due date for furnishing to individuals the 2016 Form 1095-B, Health Coverage, and Form 1095-C, Employer-Provided Health Insurance Offer … Read more

Important ACA Update

Three days ago, on Dec. 28th, the IRS announced that they have extended the due dates for new health care information reporting forms in 2016. Insurers, self-insuring employers, other coverage providers, and applicable large employers now have additional time to provide health coverage information for 2015 to individual taxpayers and the IRS. Providers and certain … Read more

Ensure Your Departments Are in Sync to Comply with the ACA

Except for in very small companies, payroll, human resources and employee benefits are generally handled by separate offices. However, compliance with the Affordable Care Act (ACA) and the need to file certain forms may make it necessary for the three functions to cross over, to some degree. “Regardless of which department is ultimately tasked with … Read more