HR Professionals and small business owners are constantly bombarded with new labor laws or changes in the existing ones.
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Topics: Affordable Care Act, HR compliance, aca, obamacare, labor law compliance, IRS, labor law
In July, the IRS released draft Forms 1094-C and 1095-C, and on August 1, 2016, draft instructions for completing the ACA forms for the 2016 tax year were published.
The forms require applicable large employers to report information about offers of health insurance coverage to full-time employees and the provision of minimum essential coverage during the reporting year.
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Topics: payroll tax filing, HR compliance, aca, obamacare, IRS, reporting requirements
Employers are already awash in labor law requirements and agency regulations. Among these are the ever-changing ACA requirements.
To be in compliance with the ACA, and avoid any penalties, the health plans of applicable large employers (ALEs) must pass three tests.
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Topics: Affordable Care Act, HR compliance, aca, obamacare, labor law compliance, IRS
The Affordable Care Act (ACA) reporting deadline for Form 1094-C and 1095-C electronic filing is Thursday, June 30, 2016.
While traditionally ALEs would be able to request an extension by submitting Form 8809 on or before the due date of the return for an automatic extension, the IRS has declared the reporting deadline extension will serve as an automatic extension for all employers and no one may request an additional extension beyond June 30, 2016.
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Topics: payroll tax filing, HR compliance, aca, obamacare, employee classification
The requirements of the Affordable Care Act (ACA) administered by the Internal Revenue Service seem to be always evolving. As changes come into play, employers and their HR staff must be diligent about staying informed and up-to-date. A lack of compliance is becoming increasingly costly for businesses.
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Topics: payroll tax filing, Affordable Care Act, HR compliance, aca, obamacare, IRS, hsa