• Blog

    The SyncStream Blog

How to achieve ACA compliance in 5 easy steps

Life would be much easier if the Affordable Care Act (ACA) was less confusing. Unfortunately, that’s not the case. The piece of legislation is so detailed and nuanced, that you might find yourself receiving a penalty letter for noncompliance, when you could’ve sworn you’d done everything correctly. Here’s the cold, hard truth – maybe, just maybe, you didn’t.

Continue Reading

7 tax questions employees have about the 1095-C

It’s that time again – tax season. For employers, the first quarter of the year brings about more reporting, filing, calculations, and more often than not, questions from employees about their tax requirements and paperwork. Given all the excitement over the Affordable Care Act (ACA) last year, the confusion makes sense.

Continue Reading

226-J penalty letters are coming. Here’s why you might get one

The IRS continues to add to the 30,000 Letter 226-J penalty notices it has already sent to applicable large employers (ALEs) who failed to comply with the Affordable Care Act’s (ACA) employer mandate in the 2015 tax year. Now, the agency is also preparing to send out notices for 2016.

If you believe you’re in the clear because you didn’t receive a notice for 2015, let this serve as a warning: You’re not out of the woods yet.

Continue Reading

An employer’s guide to open enrollment: How to avoid ACA penalties

Despite vast efforts by the Trump administration, the Affordable Care Act (ACA) remains pretty much intact. And while the fate of the ACA could very well be decided at the midterm elections, employers must come to grips with the fact that, as of right now, there will be consequences for anyone who fails to comply with ACA regulations.

Continue Reading