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Posts Tagged ‘Affordable Care Act’

President Signs Further Consolidated Appropriations Act 2020: ACA Tax Changes You Need to Know

President Trump signed important legislation in December 2019 that will impact many employers. H.R. 1865, or the “Further Consolidated Appropriations Act of 2020”, brings changes to the Affordable Care Act (ACA). While the ACA hasn’t been repealed altogether, the president has repealed three key taxes imposed by the ACA. These, and several other notable changes […]

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5 Crucial Factors When Choosing an ACA Reporting Service

Affordable Care Act (ACA) reporting season is here! Even with the IRS extending the deadline for delivering the 2019 1095-C forms to employees (to March 2, 2020), the time to tackle this daunting task is upon US employers with more than 50 full-time employees…Understandably, after the holiday season, this is the last thing employers want […]

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Notice CP 220J – An IRS Demand for Payment

Most Applicable Large Employers (ALEs) are aware by now that the IRS is actively issuing penalty assessment letters, letter 226-J, to employers for non-compliance with the Affordable Care Act in previous filing years. The 226-J letter is an initial notification to an ALE explaining that they may be liable for an Employer Shared Responsibility Payment […]

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What is IRS Letter 5699?

Employers have been tasked with complying with the Affordable Care Act (ACA), but many have bought into the notion that it won’t be enforced or it will be repealed before any enforcement actions begin. IRS Letter 5699 gives the employer choices on how to respond regarding their filing situation. The letter asks the employer if […]

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Does your Company have to Comply with an ACA State Individual Mandate?

As most know by now, the Affordable Care Act individual mandate was repealed as of January 1, 2019. Although the ACA individual mandate is gone; many states have begun to implement their own ACA state individual mandates, which require residents to purchase and maintain qualifying health coverage or face a state tax penalty. Overall, the […]

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Four Common Misconceptions around the ACA Employer Mandate

Despite the Affordable Care Act (ACA) being in place since 2012 and effective since 2015, misconceptions around the ACA Employer Mandate persist. We’ll walk you through four common ACA misconceptions and separate fact from fiction. Misconception #1: The ACA Employer Mandate has been repealed – it’s gone. Despite all the political turmoil of the last […]

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No Relief for the ACA Employer Mandate in 2019

With the Affordable Care Act filing season finally over for 2018, a collective sigh of relief is in order for US employers and those - like us - that help them out. But stay vigilant: complying with the ACA employer mandate in 2019 remains a must for US employers, and most likely next year as […]

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ACA Business Planning Taxation Strategies for 2019

As a business owner, you want to keep your health care costs as low as you can. You also want to take advantage of whatever tax breaks you can. With the Affordable Care Act (ACA), your company can do both. What’s important is to set up your  ACA business planning so that you get the […]

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And the beat goes on: Healthcare law ruling puts Affordable Care Act at risk – again.

Late in the day this past Friday, a federal judge in Texas ruled the entire Affordable Care Act unconstitutional. The White House was quick to issue a statement saying that pending the appeal process, the law remains in place. This appeal process will take a while and is going to be interesting for sure. However, […]

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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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