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Posts Tagged ‘Employer Mandate’

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As most know by now, the Affordable Care Act individual mandate was repealed as of January 1, 2019.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 Misconception #1: The ACA Employer Mandate has been repealed – it’s gone.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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ACA Compliance for Employers: Avoiding an IRS Audit

The IRS has proven over the last several months that they are actively enforcing the ACA by issuing letters to Applicable Large Employers (ALEs) who may have failed to comply with Affordable Care Act. Since the IRS is fully engaged in the Affordable Care Act audit process, it is more important than ever for US […]

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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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Are You Including ACA in Your Growth and Risk Management?

Running a successful business isn’t all about profits. You also have to manage risk. While you may keep a close eye on the more obvious processes, like manufacturing processes for product recalls, for example, some risks are less apparent. Growth often means hiring new employees and, if you aren’t keeping an eye on your headcount, […]

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A Rocky 18 Months for the ACA, But No Effect on Employer Mandate

The past 18 months have been a confusing time for employers— particularly when it comes to the Affordable Care Act (ACA). Although many people thought Congress would “repeal and replace” the ACA in 2017, it didn’t happen. Instead, employers have been left scrambling to understand what changes have been made to reshape existing ACA law, […]

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Affordable Care Act Requirements Still Enforced, IRS ESRP Letters Continue

The Tax Cuts and Jobs Act signed into law by President Trump in December of 2017 eliminated the penalty associated with the “individual mandate” beginning in January of 2019. At about the same time, the IRS ramped up ACA enforcement of the “employer mandate”. The result was a mixed message in the ear of employers. […]

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IRS Extends 1095-C Reporting Deadline and Good Faith Transition Relief

  Right before the holiday weekend, the IRS released Notice 2018-06: a nice last minute holiday gift for employers. Let’s break it down:   The due date for providing Forms 1095-C to employees is extended 30 days to March 2, 2018   The ACA employer mandate – which remains as is despite the new tax […]

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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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Understanding the ACA Employer Mandate Part 1

Repeal ACA, replace ACA, repair ACA or just leave it alone? While the lawmakers debate, employers are left with a lot of confusion. As of right now, the ACA, including the employer mandate, remains in place and all the compliance rules still apply. Nearing year-end and your 2017 tax reporting, this would be a good […]

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