Applicable large employers (ALEs) have just completed the third year of Affordable Care Act (ACA) reporting. Until now ACA compliance activities such as tracking employees, offering appropriate benefits, and reporting to the IRS have generally fallen on HR departments. In many instances, employers may receive assistance from a trusted advisor like a benefits broker or CPA.
The final deadline for Affordable Care Act (ACA) reporting was on April 2. Are you an applicable large employer (ALE) that missed this e-filing deadline for ACA Forms 1094-C and 1095-C?
One year after President Trump took office vowing to repeal and replace the Affordable Care Act, the law still stands.
Yet many people assume it has been repealed, even though the requirement for an employer to offer health care coverage to full-time employees is still in effect.
Yes, ACA reporting is still on for 2017.
If you were doubting that 12 months ago, or even six months ago, we can’t blame you. This time last year, health care reform efforts in Congress seemed poised to change how employers’ reporting and compliance requirements worked. President Trump signed a number of executive orders in the following months, attempting to dismantle various provisions of the ACA.
But, as far as employers are concerned, nothing is different this year, and the deadlines are approaching.
Last year we wrote about what we learned from the 2016 ACA e-filing process, the first year employers had to report. It was tricky, error-prone, and buggy, but we got through it.
With another year gone and the ACA still intact, another round of reporting is upon us, which means many employers are once again scrambling to prepare. With more than 2 million ACA forms filed, we’ve learned a thing or two about ACA compliance.