Have you been preparing for tax season as if the Affordable Care Act (ACA) was no longer a factor? We hope not. Because that couldn’t be further from the truth.
The longest government shutdown in the U.S. has impacted many government agencies, including the Equal Employment Opportunity Commission (EEOC).
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.
From a proposal to expand mandatory e-filings to numerous legislative activities, 2018 brought in a storm of Affordable Care Act (ACA) confusion for employers, their trusted advisors, and the American public. Several new rules impacted provisions of the health law, both for individuals and employers, and the midterm elections put the ACA back in the spotlight.
Now that the midterm elections are in the rearview mirror and a Democrat-controlled House has halted any imminent threats to the Affordable Care Act (ACA), it’s time to regroup and shed some light on common misconceptions about the health care law. If there’s one thing both sides of the aisle can agree on, it’s that the past nearly two years of the Trump Administration have been replete with health care confusion.
The failure to comply with ACA regulations is no laughing matter. Any employer who’s received a Letter 226-J penalty notice can vouch for that.
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.
Are you an employer with union workers? Are you worried the Affordable Care Act (ACA) is going to muddle this symbiotic relationship? Let us offer you a word of advice: Don’t overcomplicate it.
The Equal Employment Opportunity Commission (EEOC) was all but set to collect a new EEO-1 report for the 2017 reporting season as part of its continuing effort to combat wage discrimination. That’s no longer the case.
This post was updated on Dec. 3, 2018
The IRS has released drafts of the 2018 1094/1095-C and 1094/1095-B forms. The release of these documents is another clear message from the IRS that it’s continuing to enforce the reporting requirements of the Affordable Care Act (ACA), which applicable large employers (ALEs) are subject to.