The latest in ACA reporting, news, and preparation tips to satisfy your employer reporting requirements. Find deadlines, checklists, state requirements, and more.
California Pay Data Reporting is now required under Senate Bill 1162. This bill requires that certain employers report pay data information regarding their employees the California Civil Rights Department (CRD). It’s important to ensure that you thoroughly review your data prior to submitting it. We’ve compiled a list of some of the most common mistakes … Read more
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
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
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
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
As part of our continued commitment to give back to the small business community, we have open sourced our IRS AIR Test Scenario XML files going all the way back to Tax Year 2016. These files can be used as part of passing IRS testing for the AATS ISS-UI and AATS A2A system. IRS AIR … Read more
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
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
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
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
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
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
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
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
IRS Penalties can happen for a variety of reasons, including forgetting to file, not filing by the deadline, not furnishing forms, or not offering coverage for ACA filing. IRS Penalties for ACA Forms Both types of ACA filings (B-series and C-series) require that the filer submit a return to the IRS, any applicable states, and … Read more