Affordable Care Act (ACA) tracking is a must for employers, but what are the key components that go into completing the required annual IRS reports?
By understanding which elements to track—employee hours, benefits plan participation, and other information—and the best system for tracking them, you obtain the data you need to meet ACA reporting requirements and maintain your organization’s regulatory compliance.
If you’re in HR or payroll, you’re no stranger to compliance management, forms, and deadlines—though keeping them all in order may be a different story. We want to be sure you’re equipped with the right information to keep everything on track year after year, from ACA to FLSA.
That’s why we put together the HR and payroll compliance calendar every year, to bring you an important list of dates and deadlines you need to know to help keep compliance on track for your workplace. Check out our latest calendar for 2019.
At the end of 2017, the IRS began sending Letter 226J to Applicable Large Employers (ALEs) as a proposed assessment of Employer Shared Responsibility Payments (ESRPs) under the Affordable Care Act. If the IRS determines one or more full-time equivalent employees enrolled to receive health care coverage on a government exchange and received a premium tax credit/federal premium subsidy, they will send this proposed assessment letter to the employer. This is the first step in the process to enforce ESRP requirements under the ACA.
Keeping up with the news on the Affordable Care Act is difficult, and maintaining ACA compliance can feel like a full-time job. Over the years, we’ve worked hard to provide you with educational resources to help you stay up to date and manage ACA compliance in your organization. To continue in that effort, we’ve put together a (really) long list of frequently asked questions employers and HR professionals have about ACA reporting requirements to be sure you’re prepared when the 2018 ACA deadlines roll around.
While the future of healthcare in America has been uncertain for most of this year, the ACA 2017 reporting deadline is right around the corner. After a year of back and forth, we’ve reached a point where we know not much can change on Capitol Hill between now and the looming 2018 deadline. To best manage and report on ACA compliance, there's a lot you need to know about the employer provisions that affect many U.S. employers.
As an HR manager, you need to know the ins and outs of these provisions so you can proactively manage ACA compliance in your organization. That starts with knowing your ACA vocabulary—what do all those acronyms mean anyway?
While it seems a lot is up in the air with healthcare in America, employers are asking about the Affordable Care Act and their responsibilites. While the GOP continues to make efforts to repeal (and possibly replace) the ACA, the current rules remain in place. The IRS is still moving forward with ACA reporting on the 2017 tax year with 2018 deadlines. As an employer, you cannot afford to wait to see how things play out in Congress. The risks are too high. Employers must continue tracking ACA compliance and be prepared for ACA reporting in 2018.
To address some confusion many employers have had surrounding ACA reporting deadlines, we’re giving you the dates Human Resources needs to know about ACA reporting deadlines in 2018.
This month, all eyes have been locked on the Senate. Debates surrounding the Affordable Care Act and the future of American healthcare continue on Capitol Hill. But that’s not all that’s been happening in HR news lately. In July, the USCIS released a new I-9 form and we gained insight into employers’ hiring plans for the rest of the year. Keep reading for this month’s HR roundup, with the HR news you need to know.
June marked the official beginning of summer—but that has not slowed down the happenings in the world of Human Resources. In our June edition of the HR Roundup, we’re bringing you news from Capitol Hill, the Department of Labor, and our friends at SHRM. So grab a limeade, and read about the latest workplace regulation updates and HR trends.
What’s happening in the world of HR this month? Congress has been busy developing, refining, and voting on bills in the House. The political landscape is keeping everyone on their toes, especially employers and HR managers. Many of the matters facing Senate vote will have a large impact on businesses and their employees—so it’s important for HR to stay in the know. Read on for this month’s HR Roundup, full of HR news and updates.
And congrats, Class of 2017. There’s good news in store for you!