ACA Reporting

Receipt IDs: The golden tickets of ACA compliance

Last year’s ACA e-filing process was messy, confusing, and drawn out—and, this year may be more of the same.

While Republicans’ proposed replacement plan called into question the future of the ACA employer mandate, it never reached a vote. Until otherwise directed, you need to get your ACA filing done on time, and you need to receive your e-filing golden ticket—your receipt ID—to prove that you’ve successfully completed the process. While that sounds simple, the path there can be complicated. Last year we heard many of the same questions from employers about how the receipt ID works. To save you some confusion, we’ve compiled a list of the most common questions to help you better understand this golden ticket of e-filing.

Continue Reading

1095-C FAQ: What employees want to know

It’s tax season again, which means a lot of paperwork, number crunching, and confusion.

For the second year, this includes the reporting employers submit about their health care plans, beginning with the distribution of the ever-confusing 1095-C. While employers have their own set of questions regarding the 1095-C, employees may not understand what their role is when it comes to reporting.

Here are some common questions that employees may ask about handling the 1095-C and how you can answer them.

Continue Reading

The intelligent solution to ACA filing

The filing requirements for the Affordable Care Act (ACA) are far more convoluted than they first appear. While the simple instruction “file” doesn’t ring any immediate warning bells, the process can be long, confusing, and just shy of impossible to do correctly.

Continue Reading

ACA and full-time equivalency: What it really means

“Full-time employees.” The concept seems simple enough, but nothing ever is with the ACA. The forms are unclear, meticulous tracking of employee hours of service is often required, and tracking methods are complex.

Continue Reading

IRS extends 1095 furnishing deadline and good faith effort standard

On Friday, Nov. 18, the IRS released Notice 2016-70, which automatically extends the deadline for 1095 employee fulfillment by 30 days, and also reinstitutes the “good faith effort” standard that applied last year. Though this announcement essentially extends the same benefits employers were granted last year, the extension is shorter and does not apply to the filing deadlines.

Continue Reading

  • 1
  • 2