To help you quickly and easily import your employee data, we have created an Excel spreadsheet template that contains all of your 1095-C data in a standard format for tax year 2015. This will make filing your ACA data before the deadline even easier! This format closely mirrors the 1095-C forms so your benefits / … Read more
Recently, the IRS has announced updated ACA deadlines for tax year 2015. Updated ACA Deadlines On December 28th, the IRS released updated ACA deadlines as follows: The IRS has also noted that extensions will not be available in addition to the new deadlines: Importantly, the IRS explained that because the new deadlines are available to … Read more
*Note: This post references older information. Our updated post is located here. The qualifying offer method is a simplified way of saying that the employer offers a health insurance plan that meets the minimum value requirement where the cost to the employee is less than 9.5 % of the federal poverty level. In addition to … Read more
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. How to Calculate Employer Shared … Read more