Part 3 – Prepare for Employer Shared Responsibility

The Affordable Care Act  mandate specifies that employers must offer a majority of their employees affordable health coverage. For tax year 2015, you’ll need to calculate whether 70% of your full-time employees were covered. If you haven’t offered 70% of your eligible employees with affordable healthcare coverage, you may be subject to fines.

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Part 1 – Identify Common Law Employees

The first step to help prepare for your Obamacare / ACA information returns is to identify all common law employees.

According to the IRS, anyone who performs services for you is your employee if you can control what will be done and how it will be done. This is so even when you give the employee freedom of action. What matters is that you have the right to control the details of how the services are performed.

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