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Posts Tagged ‘ACA Compliance Solution’

New Year and New Growth Leads to New Legislation

As we start this new year, many businesses are considering making changes to drive growth. While you might consider hiring new talent to keep up with these changes, be aware that when your headcount hits a certain number, there will likely be new legislation to consider. The Affordable Care Act (ACA), for example, triggers compliance […]

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HealthBack Strengthens ACA Compliance Efforts With Technology

Specialized staff at HealthBack provide personalized home health services to homebound patients in four states, operating out of 36 branch locations. Nearly 800 employees work across multiple branches and each may work part or full time, hourly or salary, temporary or on call—which creates complications for payroll and Affordable Care Act (ACA) reporting. While it […]

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Employer ACA Penalties Could Reach $31 Billion

Eligible employers may soon face expensive penalties for Affordable Care Act (ACA) noncompliance. Research indicates ACA penalties are going to hurt during the upcoming 2016 tax reporting period. Accenture researchers revealed penalties could be attributed to employers that are “unintentionally non-compliant,” meaning they offer health coverage, but fail to meet IRS reporting requirements. Don’t get […]

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Affordable Care Act Changes, Not A Repeal – Yet

Although there are plenty of headlines suggesting President-Elect Trump could repeal and replace the Affordable Care Act (ACA), it hasn’t happened yet. In the meantime, businesses must continue to comply with the existing legislation. However, the IRS has made a slight change in deadlines and extended the good faith penalty relief to the 2016 information […]

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Don’t Underestimate the IRS When it Comes to Collecting ACA Compliance Penalties

It’s cliché for a reason, the government is rarely ready or capable of following up on many of its own rules and regulations. Many agencies are underfunded, understaffed and simply unable to determine whether businesses are able to comply with many regulations. This cliché is now magnified by the recent election and an incoming president […]

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How to Avoid ACA Penalties and Stay OFF the IRS Radar

Navigating the Affordable Care Act (ACA) can be complicated and confusing for many companies, not to mention distracting. On top of that, there are severe penalties for noncompliance. Your business leaders and accounting team need to stay focused on core business tasks, not wasting time trying to figure out how to stay ACA compliant. ACA […]

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Don’t Get Buried In ACA Paperwork

As with other governmental mandates, the Affordable Care Act (ACA) presents challenging reporting obligations to eligible businesses. Applicable large employers must capture certain information about employees and health insurance on a monthly basis, all year long. There are calculations and decisions that need to be made every month and all of this information must then […]

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Employers Take Note – The Definition of Full-Time Employee Has Changed

Most employees and businesses have often considered ‘full-time’ to mean a traditional 40-hour work week. However, for the purposes of the Affordable Care Act (ACA) reporting, the definition of ‘full-time employee’ has been reclassified to 30 hours of service per week. In addition, employers must also calculate and include the hours of service which may […]

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Don’t Trust ACA Compliance To Just Any Software

Maintaining compliance with the Affordable Care Act (ACA) can be challenging, to say the least. Not only is the process of collecting and reporting key information difficult, the mistakes can be costly. Most basic accounting software can’t support the type or volume of data needed to maintain compliance and you certainly can’t trust spreadsheets either. […]

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Nobody Wants to Experience an ACA Audit

Is your business ready to prepare reports or, if needed, navigate an IRS audit as part of the Affordable Care Act (ACA)? A study of human resources and finance executives suggests that small and medium sized businesses might not be as prepared as they should be when it comes to ACA compliance. Improved collaboration and […]

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