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Posts Tagged ‘ACA penalties’

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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1095-C Forms Due to Employees by February 1 – Are You ACA-Ready?

You have done the calculations and have determined that your company is actually considered an ALE (Applicable Large Employer) – the classification for a business that has to comply with the Affordable Care Act (ACA). Santa realized he was an ALE as well when we reviewed his Claus Resources operations. So what now? You need […]

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No, the IRS is Not Serving Drinks; ALE is a Classification in the Affordable Care Act

Filing deadlines for new Affordable Care Act forms are looming and businesses are scrambling to figure out what they need to do to comply. Many blogs and articles have been written to make IRS guidelines more understandable for the small business owner who is just now realizing they might be considered an ALE (Applicable Large […]

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Clearing ACA Confusion: Which Employers Must File IRS Forms 1095-C/1094-C?

When awareness of penalty risks under the Affordable Care Act kicked in, back in 2012, employers came to us looking for help.   Those employers were the Forced Minority. Offering little to no coverage, they knew they had a range of must-dos on their road to compliance with the new federal mandate to provide health […]

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Plan Offer Can Simplify ACA Reporting in Dynamics GP

For Affordable Care Act reporting, what an employer offers and how that plan is paid can significantly affect the information filed on IRS Form 1095-C. Yes, amid the anxiety among users of Microsoft Dynamics GP Payroll over which data points to line up for generation of the new yearly form for IRS reporting, there is […]

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ACA Add-on Shields GP Users from IRS Sledgehammer, Tack Hammer

Now that we're into the penalty-assessment phase of the Affordable Care Act's employer mandate, companies in industries most vulnerable to IRS penalties need to be especially alert. Consequences of noncompliance with the new health law will be real. And those penalties will rise from year to year. Following are the ACA changes in IRS penalties […]

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ACA To-Do before 1-1-15: Data Mining for Initial Eligibility

When we all look at January 1, 2015 as the start date of the IRS assessment period for employer noncompliance penalties with the Affordable Care Act, there’s more to the picture of that Thursday morning than beginning to account for your employees’ hours of service as of midnight the night before. That would be somewhat […]

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All the Facts About Affordable Care Act (ACA) Reporting in Microsoft Dynamics GP

With IRS deadlines looming many companies want to know; what is the Affordable Care Act, what type of compliance reporting can be done in Microsoft Dynamics GP, what types of companies are most impacted, what are the penalties and much more?

I interviewed Helen Karakoudas, the owner of Sypnio Software, an company that focuses only on ACA reporting for Microsoft Dynamics GP. One of the biggest takeaways from this interview for me is that if companies wake up on January 1, 2015, and pay attention to ACA, it will already be too late. So get all the facts here:

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