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.
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.
Topics: payroll tax filing, Affordable Care Act, HR compliance, aca, obamacare, IRS, hsa
As of February 1, 2016 the Shared Responsibility Employer Mandate aspect of the Patient Protection and Affordable Care Act (ACA) reporting requirements became effective for all employers.
The mandate involves a multi-step process for employers and a filing with the Internal Revenue Service (IRS), which went into effect at the beginning of this year. This will also require an additional figure entered into employee W-2 forms showing the total value of coverage during the calendar year.
Topics: Affordable Care Act, HR compliance, aca, obamacare, IRS
Since 2015 there have been a number of major changes with the Affordable Care Act (ACA), such as the delay of the employer mandate and the Cadillac Tax, as well as the death of the automatic enrollment provision.
Other changes have not been anticipted, as well. According to a recent report in CNNMoney, for example:
Topics: Affordable Care Act, HR compliance, aca, obamacare, IRS
The Patient Protection and Affordable Care Act (PPACA), or simply the Affordable Care Act (ACA), is the new healthcare reform law. The Affordable Care Act represents the most profound regulatory change to the federal healthcare system in the United States since Medicaid and Medicare.
Topics: Affordable Care Act, HR compliance, aca, obamacare, IRS