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Posts Tagged ‘ACA penalties’

Another Round of ACA Non-Compliance Letters is Looming

Cue the “Jaws” movie music, because the penalties are coming. Thursday, July 11th, on the monthly IRS Payroll Industry call, the IRS continued to communicate that ACA compliance activities continue, including non-compliance letters, despite legislative and judicial challenges. One example is Texas v. United States which argues that the Affordable Care Act (ACA) individual mandate […]

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Areas to Consider Before Outsourcing ACA Reporting

Human resources departments are becoming strategic partners within today’s organizations. No longer do they exist only to hire, fire, and pay employees. HR professionals are critical to an organization's long-term growth and development. As HR departments undergo a massive transformation, so is the HR outsourcing industry. By 2020, the HR outsourcing industry is expected to […]

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The Current Status of the ACA Employer Mandate: 2018

There has been much to do around the Affordable Care Act: from passing the law under President Obama, to trying to repeal the law under President Trump. This has left many people confused as to where we are at now – what is the current status of the ACA? The short answer is: The ACA […]

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ACA employer compliance enforcement: I received letter 226J from the IRS. How do I respond?

The IRS has begun notifying employers of ESRPs (Employer-Shared Responsibility Payments), otherwise known as ACA penalties. The first letters, letter 226J, address penalties associated with the 2015 filing year for forms provided to the IRS in 2016. It is important to provide a timely response to this IRS letter. Here are some tips to ensure […]

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ACA Filing: The Big Difference Between Filing Late and Intentionally Disregarding ACA Reporting

While the current administration continues to push to dismantle the Affordable Care Act (ACA), they haven’t made much progress. The IRS hasn’t imposed any non-compliance penalties over the course of these last two years ACA has been in place either. So, that begs the question, should businesses even give ACA compliance a second thought? Besides […]

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ACA Penalties Are Coming

The political climate what it is, many employers have been holding out hope for penalty relief for not offering coverage, not offering affordable coverage and for not filing the necessary ACA forms with the IRS. The most recent legislation that was pulled for consideration in the House of Representatives would have provided relief to employers […]

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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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Employers will NOT get a free pass on 2016 ACA Reporting

What a week! The election of Donald Trump as our next president has already raised some questions around what happens to the Affordable Care Act, specifically the Employer Mandate. Many have started speculating on what may happen. Suffice to say that the possibilities are endless and nobody really knows what can or will happen. Here […]

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Do you Have ACA Reporting Under Control or Is It a Complicated Nightmare?

The Affordable Care Act (ACA) has been a challenging regulatory burden for many businesses, big and small. Capturing the monthly data needed for ACA tracking and reporting isn’t easy, especially when using disparate payroll or paper-based systems. In addition, time spent on ACA to do’s can divert your team away from other business-critical tasks. If […]

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