January 2 Tip of the Week
January 3, 2023 6:06 pm“New Year, New Info” As we begin the new year, it is a good time to take stock of the... Read More
Tag Archive: Records
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.