Prepare for ACA Reporting: A Step-by-Step Guide for Tax Year 2017

It is important that you know what information you need before you begin preparing for ACA reporting. We’ve identified the following 7 key topics that may help you to correctly and timely complete your ACA filing with our Step-by-Step Guide. Continue reading Prepare for ACA Reporting: A Step-by-Step Guide for Tax Year 2017

What is a Common Law Employee?

The first step in preparing for ACA reporting is identifying all of your common law employees.

The IRS defines an employee as anyone who performs services for you if you can control what will be done and how it will be done. This includes when you have given the employee freedom of action. They are considered your employee if you have the right to control the specifics of how their services are performed. Continue reading What is a Common Law Employee?

What is a Full-Time Employee?

After identifying your common law employees, the next step to preparing for ACA reporting is determining your monthly total of full-time employees.

For purposes of the Employer Shared Responsibility provisions, the IRS defines a full-time employee as such: Continue reading What is a Full-Time Employee?