9 Proven Strategies for Accurate and Consistent Time Tracking

time tracking - man checking time on watch

Accurately tracking time is essential to ensuring employees are paid fairly and that labor costs are justified. It’s also crucial for maintaining regulatory compliance and understanding how your business allocates time and resources. On the flip side, inaccurate and inconsistent time tracking can lead to errors in billing and invoicing, make it difficult to accurately … Read more

IRS Paper Filing Threshold Dropped to Just 10 Forms for 2024

IRS Paper Filing Threshold Reduced to 10 Forms - 3 Stacked Books

Many institutions submit paper forms to the IRS for their year end filings, but these institutions may need to switch to electronic filing starting in 2024. The IRS recently published final regulations amending the rules for filing electronically which drastically reduced the paper filing threshold amount. Final Regulations On February 23, 2023, the Internal Revenue … Read more

10 Common Mistakes for IRS Form 1095-C

Common Mistakes on Form 1095-C - Boy covering face

There are many common mistakes that filers make when completing Forms 1095-C. We’ve compiled a list of the most common mistakes and how to fix them. Common Mistakes Only creating and sending forms to individuals that enrolled in coverage Common Mistake: Many filers assume that a Form 1095-C should only be completed for individuals that … Read more

Offer Methods for Certifications of Eligibility – IRS 1094-C

Certifications of Eligibility & Offer Methods for IRS 1094-C - Brown post it notes, sharpie, and keyboard on gray desk

IRS Form 1094-C, Part II – ALE Member Information only has 3 line items. One of these is Line 22 – Certifications of Eligibility (Offer Methods). This line is a very important part to get right. It may look confusing, but it’s actually pretty simple! 22. Certifications of Eligibility This line designates if the employer … Read more

5 Recruitment Trends of 2023

Digital Interview - Recruitment Trends 2023

The year 2020 marked a pivotal moment in recruitment trends. Remote work and fully online processes have increasingly become the norm. This has forced HR departments to rapidly adopt automated recruitment processes to improve the candidate experience. Employers are now open to hiring the best talent from anywhere in the world with the switch to … Read more

What are PCORI Fees? – IRS Tax Year 2022

PCORI Fees - $1 USD on white background with seven coins on top

PCORI fees are imposed by the IRS through the Affordable Care Act (ACA) and are used to fund the Patient-Centered Outcomes Research Trust Fund. Patient-Centered Outcomes Research Trust Fund fees, or PCORI fees, are imposed by the Internal Revenue Service (IRS). The PCORI fee is assessed on issuers of certain health insurance policies and self-insured … Read more

IRS Form 1095-C Guide for 2023 (TY2022)

Form 1095-C Guide - Colorful leaves

Before you begin to prepare your ACA reporting, it’s important that you know what information you need in preparing Form 1095-C. We’ve compiled the following 7 key topics in our Form 1095-C Guide that may help you to correctly and timely complete your filing. Form 1095-C Guide – Key Topics Our Form 1095-C guide identifies … Read more

6 Limited Non-Assessment Periods for ALEs

Pile of Clocks - Limited Non-Assessment Period

Determining when full-time employees should be offered health coverage can be one of the biggest challenges for Applicable Large Employers (ALEs) under the ACA Employer Mandate. ALEs who do not immediately offer coverage to full-time employees may be protected by using certain grace periods provided by the IRS, which are called Limited Non-Assessment Periods. What … Read more

IRS Filing Guides for ACA, 1099, and W-2

Quick Guide 2023 Filing Guide- Flat lay desktop with laptop, office supplies, coffee, and balled up paper.

The end of the 2022 tax year means that the 2023 filing season is just around the corner! With our filing guide, you don’t have to spend endless hours laboring over getting your filings prepared and submitted to the IRS. Whether you’re brand new to filing or have been a doing this for a while, … Read more

IRS Form 1095-B Guide for 2023 (TY2022)

Form 1095-B Guide

It is important that you know what information you need before you begin preparing form 1095-B for ACA reporting. We’ve compiled the following 4 key topics in our Form 1095-B Guide that may help you to correctly and timely complete your filing. What’s new for Form 1095-B? There have been no recent developments at this … Read more

New Jersey ACA Filing Requirements – TY 2022

new jersey ACA - red mill -

Many states have adopted Individual Mandates. New Jersey ACA filing is required for certain employers and insurance providers. Clarifications to New Jersey ACA Requirements The NJ Market Preservation Act requires reporting to verify coverage provided by payers of NJ’s Income Tax. NJ requires employers, insurers, and other coverage providers to: Where New Jersey ACA Requirements … Read more

Import Spreadsheet Format Guidelines for Tax Year 2022

Import spreadsheet format guidelines A Step-by-Step Guide

We’ve created Excel import spreadsheet templates to help you easily upload all of your 1095-B and 1095-C, 1099, and W-2 data. These templates are identical to the official IRS forms so that you can enter the information just as you would on paper.  General Import Spreadsheet Guidelines For more in-depth or specific validation errors, you can … Read more