June 28 Tip of the Week
June 29, 2021 2:07 pmAlthough it can seem tempting to take deductions from a departing employee’s final wages for unreturned uniforms or equipment, most... Read More
Tag Archive: 1095
June 21 Tip of the Week
June 21, 2021 3:26 pmFor the third time, the U.S. Supreme Court has upheld the constitutionality of the Affordable Care Act (ACA). What does... Read More
March 1 Tip of the Week
March 1, 2021 4:07 pmBack in October, the IRS released this Notice, extended the ACA reporting deadline for providing employees with plan year 2020... Read More
Retain Your ACA Records
May 6, 2019 2:14 pmEven though the Affordable Care Act (“ACA”) employer reporting deadlines for tax year 2018 are behind us, the work with the ACA never stops. Several years into the reporting process, the IRS is still reviewing employer submissions from 2015 and 2016, and is still sending 226J penalty letters. Employers can receive a penalty letter if their submission to the IRS shows (a) a less than 95% offer of coverage rate, or (b) that a specific employee was not offered compliant coverage.