The IRS recently announced that it is now issuing penalties for employers who have violated the employer mandate for the 2015 tax year. Employers who delegated that responsibility to employees who didn’t understand the complex coding requirements, may now be faced with significant costs.
In January, President Trump signed an executive order regarding the Affordable Care Act. Many employers hoped that this executive order, along with significant anti-ACA sentiment in Congress, would result in the ACA being repealed. As of today, that has not happened.
Learn what employee fringe benefits your business may have based on its legal form of entity.
On December 13, 2016, President Obama signed the “21st Century Cures Act” which could impact employers who are not subject to the Affordable Care Act (ACA) because they have fewer than 50 full-time equivalent employees.
On November 18, 2016, the IRS issued Notice 2016-70, which extends the time that employers can provide IRS Forms 1095-B and 1095-C to employees.
The IRS is now warning taxpayers of fake e-mails which attempt to convince the recipient to pay for a false penalty relating to the Affordable Care Act.
Final DOL regulations on which employees will be entitled to overtime pay will impact businesses in 2016 and beyond. Learn how they may affect your company.
The Affordable Care Act (ACA) is the health reform legislation passed by Congress and signed into law by President Obama in March, 2010. The ACA is the most significant overhaul of the U.S. healthcare system since the 1960s. It was enacted to expand access to health care and curb U.S. health care spending.
There have been several new developments in the area of tax compliance with the filing requirements of the Affordable Care Act (ACA). These developments are in response to employer concerns regarding preparation of the initial series of IRS Forms 1095-B and C for their employees.
Few issues impacting employee benefits have received more press than the Affordable Care Act (ACA). Yet, many employers are unaware of when they will be subject to it, and if they are subject to it, what the impact of the ACA will be on their businesses.