The Ultimate Guide to Seasonal Employees and the ACA – 2023

Seasonal Employees and the ACA - colorful beach ball in pool

The Affordable Care Act (ACA) was enacted in 2010 and has greatly influenced the health insurance landscape of the US since. The ACAs Employer Mandate has greatly impacted employers of all kinds but how does it affect employers that have many part-time and seasonal employees?  It’s imperative that these employers know the intricacies of the … Read more

Navigating the Impact of Remote Work on ACA, 1099, and W2 Filing in the Post-COVID Era

remote workers

In the wake of the COVID-19 pandemic, businesses across the globe have been propelled towards a new normal: remote work. This shift has had far-reaching implications, extending even into the realm of tax obligations and health insurance compliance. As we continue to adapt to these changes in 2023, it is crucial for businesses to understand … Read more

Important Facts About Union Plans and the ACA in 2023

Union Plans and the ACA - Team Meeting at Long Rectangular Desk

Unraveling the complexities of union plans and their relationship with the Affordable Care Act (ACA) can seem daunting. The intertwined network of obligations, responsibilities, and reporting requirements presents a labyrinth of legal language that many find hard to navigate. This article aims to untangle these intricacies, offering an overview of union plans, the ACA, their … Read more

COBRA Continuation Coverage and the ACA – 2023

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The IRS has provided additional guidance regarding the application of the Consolidated Omnibus Budget Reconciliation Act (COBRA) provisions as they have been amended under the American Rescue Plan (ARP). Learn everything you need to know about COBRA Continuation Coverage below! COBRA Basics This guidance, IRS Notice 2021-46, builds upon the previous Notice 2021-31 and presents … Read more

Understanding Aggregate ALE Groups and the ACA in 2023

Understanding Aggregate ALE Groups and the ACA

Employer Shared Responsibility Provisions (ESRP) are an essential part of the Affordable Care Act (ACA). These provisions only apply to certain large employers, known as Applicable Large Employers (ALEs).  ESRP requires these employers to offer minimum essential coverage (MEC) that is affordable and that provides minimum value to their employees and their dependents. Failure to … 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

Top 8 IRS AIR Test Scenario XML ISS-UI Sample Files Covering All Scenarios

irs air xml test scenarios aats iss-ui

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

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