IRS reporting

January 4, 2016

New ACA Deadlines for Filing

ACA reporting deadlines fall in first half of 2016. If you’re an Applicable Large Employer (ALE), under the Affordable Care Act (ACA) a major compliance hurdle looms on the horizon. In the first quarter of 2016, ALEs are required to file ACA forms 1094-C and 1095-C for the first time. Called “detailed and complex,” the […]

December 23, 2015

Limiting ACA Liability

As employers get familiar with new ACA reporting obligations, their focus will move toward long-term strategies to limit future penalties. While full-time employees are easy to identify and plan for, variable hour employees’ schedules change with the needs of the business and can be harder to predict and manage. Many organizations undertake a “limiting” strategy […]

December 23, 2015

Benefits of Using Time & Attendance Data for ACA Compliance

A time and attendance system can assist employers with managing employee status, responding to audits and complying with other calendar-based reporting requirements including the ACA determination process which includes three periods: a measurement period, an administrative period, and a stability period. A measurement period is an employer-designated period of time used to deter­mine if an […]

December 15, 2015

Should You Outsource or Insource ACA Reporting?

2016 is the first year employers must report Affordable Care Act (ACA) information to the IRS (and many employers are still scrambling to figure out how to meet these new reporting obligations.) Despite the cost, the trend for large employers is to outsource their ACA reporting. But small and mid-sized employers are exploring insourcing software […]

December 8, 2015

I Have Part-Time Seasonal Employees. How Do I Track Them for ACA Reporting?

I Have Part-Time Seasonal Employees. How Do I Track Them for ACA Reporting? Today’s industries are burdened by understanding the ALE designation as defined by the ACA and its implications for them. The ALE determination subjects an employer to shared responsibility for health insurance options. VisualACA provides a summary to a show month-by-month employee count […]

October 8, 2015

ACA for Aggregated Companies

Determining applicable large employer status under ACA, The Affordable Care Act (ACA) set clear criteria for businesses to assess if they meet applicable large employer status. But what about aggregated companies? Generally, aggregated companies (two or more companies with a common owner or similar relationship) are treated as a single employer. So, under ACA, if […]

October 5, 2015

ACA Reporting

The IRS has released official forms 1094-C and 1095-C, which Applicable Large Employers must file for ACA reporting.  They provide information about employee count and insurance coverage. The IRS will use this information in determining penalty payments that many employers will owe for 2015 and beyond. This reporting requirement applies to every applicable large employer. […]