Employers who have stayed on the sidelines or merely dipped a toe into ACA compliance now realize that crunch time is rapidly approaching. Large employers will have to report to the IRS about their ACA compliance in early 2016. For employers or their advisors, there are three (3) questions that need to be answered –Continue reading “3 ACA Questions Employers Need to Have Answered – Yesterday! : Question 1”
Category Archives: Employer Responsibility Requirements
“Grandmother What Big Teeth You Have”
I was asked today about steps employers with 50 to 99 full-time equivalent employees may take to avoid the rapidly approaching 2016 requirement that their health plans be treated as small employer plans – and all that entails. Some states are allowing existing plans to continue under the existing rules that allow these plans toContinue reading ““Grandmother What Big Teeth You Have””
First Compliance Step, Are You Big or Small?
Whenever you’re speaking with an employer about health insurance and the Affordable Care Act (ACA) , the first thing you need to establish is whether the employer is a large or small employer according to the ACA. Depending on whether an employer has 50 or more full-time equivalent employees (FTEs), the response you make toContinue reading “First Compliance Step, Are You Big or Small?”
Accountants and Other Strangers
We’ve been seeing a lot of media stories on tax filing and the Affordable Care Act. This is the first year when individuals will have to address whether they have coverage – or not – when they file their taxes. This tax change, like any change, causes conflict and opportunity. The conflict will arise whenContinue reading “Accountants and Other Strangers”