There is some potential legislation pending presidential approval that could affect the Affordable Care Act (ACA) employer reporting requirements. It’s unclear if these bills will become law, but as we are amid filing season, wanted to share a summary of what we know.

As the year approaches, complying with the Affordable Care Act (ACA) and reporting requirements goes beyond merely checking boxes—it’s about building a resilient, compliant foundation for the future. To help HR professionals and business leaders streamline this process, we offer a detailed ACA Reporting Compliance Checklist with action items for the end of 2024 and the beginning of 2025.

Selerix, a leading provider of cloud-based benefits administration solutions, announced today that it has acquired SyncStream Solutions, LLC, the pioneer of Affordable Care Act (ACA) reporting technology. Financial terms of the transaction were not disclosed.

SyncStream Solutions, LLC is thrilled to broaden their educational webinars to reach the SHRM audience. SyncStream Solutions, LLC is recognized by SHRM to offer Professional Development Credits (PDCs) for SHRM-CP® or SHRM-SCP® recertification activities effective March 6, 2024 through March 31, 2026.

As part of the Tax Cuts and Jobs Act (TCJA), the Affordable Care Act’s (ACA) individual mandate penalty was repealed effective January 1, 2019; however, the TCJA did not repeal the employer mandate nor its reporting requirements. Employers should be prepared to respond to IRS Employer Shared Responsibility Provision (ESRP) penalty letters and continue to prepare for 2024 reporting, which will occur in the first quarter of 2025.

The Affordable Care Act (ACA) annual filing deadline is March 31, 2025. All applicable large employers (ALEs) should complete their year-end reviews and prepare to file before the deadline. Let’s review the key requirements of the ACA’s Employer Mandate, followed by a guided checklist to assist ALEs in completing their year-end review. Utilizing this year-end guide of questions and checklist will confirm that your ACA reporting provides the necessary data, proper coding, and correct calculations each filing year.

Navigating ACA Reporting Can Still Be Challenging. Despite the significant progress that has been made in recent years, dealing with the intricacies and complexities of ACA reporting can still be quite challenging and time-consuming for employers. It is essential to ensure that all the necessary information is accurately reported to avoid any potential errors that could lead to costly IRS penalties, which can pose a significant problem for employers of all sizes. One of the main challenges that employers face when it comes to ACA reporting is understanding the intricate details and nuances of the regulations. The ACA reporting requirements are not always clear-cut, and there are various factors that need to be considered, such as determining which employees are eligible for coverage, calculating the affordability of the offered plans, and properly documenting and reporting all the necessary information to the IRS. Click below to read about the Top 7 ACA Reporting Common Mistakes.

Downloadable infographic on the most received IRS penalty letters.