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ACA Compliance
The IRS Releases Sample of Letter 226J
As we reported this week, the IRS has issued guidance on its plans to issue penalty notices by the end of this year to Applicable Large Employers (ALEs) it believes Read More
The IRS Will Start Issuing ACA Penalty Notices in 2017
As we reported earlier this year, indications from the IRS pointed to the agency sending enforcement notices by December 2017 to businesses with 50 or more employees – referred to Read More
The Two C’s of Open Enrollment Season: Communication and Compliance
The Affordable Care Act raised the ante on providing health insurance to Americans for U. S. businesses. It mandated that applicable large employers (those with 50 or more full-time employees Read More
With the Threat Of ACA-Imposed Penalties From the IRS, Employers Must Be Serious About Tracking Employee and Worker Time
The Affordable Care Act’s (ACA) mandate that employers with 50 or more full-time or full-time equivalent employees must offer health insurance coverage to their full-time employees has come with added Read More
Incorrect PTC Calculations Show that Technology Is A Gift and a Curse
Over the last two years, the IRS has made some strides in ensuring that certain ACA-mandated processes are as seamless as possible for taxpayers and employers, from streamlining electronic form Read More
Tracking Time and Attendance: A Business Intelligence and Regulatory Imperative
As misclassification suits arise from ill-defined job descriptions in the gig economy, how employees utilize their workdays is also becoming an issue. Who is managing and tracking how workers spend Read More
Another Sign That the IRS is Moving Forward with Enforcing ACA Compliance
Letters released this month by the IRS continue to point to the agency moving forward with its plans to enforce the Affordable Care Act (ACA). The IRS has indicated it Read More
Get Your Business Data Organized
At times, companies may feel like they are swimming in data. It’s an information overload, and a lack of organization can lead to many mistakes in consolidating, validating and analyzing Read More
ACA Remains in Place, and a Study Highlights Potential Lack of Company Compliance
The recent failure in the U.S. Senate vote to repeal the Affordable Care Act (ACA) leaves in place the ACA’s employer mandate. The employer mandate applies to businesses with 50 Read More
ACA Filing Deadlines Still Loom Amid Reform Debate
Originally published on July 18, 2017 in “Compliance Week” As healthcare reform sputters along in Congress, companies still face filing deadlines under the Affordable Care Act, and the Internal Revenue Service Read More
New Developments In Uber Misclassification Suits Prove The Complexities of Potential ACA Liability
At the close of June, a shocking new development arose from Uber’s employee misclassification suits. The drivers who asserted they were actual Uber employees and not independent contractors had their Read More
EEO-1 Reporting Complications Creates ACA Reporting Efficiencies
At first glance, it’s a nice reprieve that EEO-1 reports for the 2017 tax year have been postponed. Reports were slated for a September 30, 2017 due date for all Read More
IRS Still Moving Forward with ACA Compliance Enforcement for Employers
The IRS recently issued Notice 2017-38, which revealed the results of the Treasury Department’s review of all “significant tax regulations” per President Trump’s Executive Order 13789 issued in April 2017. Read More
FCCI Identifies Five Common Challenges Organizations Face When Complying with ACA Requirements
Op-Ed originally published in PR Newswire. LOS ANGELES, CA — June 7, 2017 — First Capitol Consulting, Inc., (FCCI) has achieved a 100 percent success rate in assisting organizations with filing Read More
Preparing Your 2016 ACA Forms – Better Late Than Never
Now that the dust has settled that the Patient Protection and Affordable Care Act (ACA) is here to stay and the 2016 ACA reporting deadline is just behind us, employers Read More
What To Do When An IRS Letter Lands In Your Mailbox
The dreaded IRS letter. It can mean anything or nothing at all. As tax season for the 2016 tax year is coming to an end for most, so begins the Read More
The Treasury Inspector General Tax Administration Says Employer Mandate Penalties Are Coming
With now two reporting years (2015 and 2016) behind us since the implementation of the Employer Mandate under the Affordable Care Act (ACA), the IRS has yet to impose any Read More Thought That ACA Reporting for 2015 Was a Free Pass? Think Again.
With now two reporting years (2015 and 2016) behind us since the implementation of the Employer Mandate under the Affordable Care Act (ACA), the IRS has yet to impose any Read More
Life After The Proposed AHCA: An Employer’s Tip Sheet
Goodbye AHCA, hello ACA. Again. While President Trump’s attempt to repeal and replace the Affordable Care Act (ACA) with the American Health Care Act (AHCA) has left many Americans relieved Read More
The IRS ACA Audit Process Forces Employers to Prove Their Case or Face Penalties
Op-Ed Updated Published on March 16, 2017 on ‘Accounting Today’ A few weeks after the national election, the Internal Revenue Service (IRS) began to issue notices to employers who may Read More
The ACA Exchange Appeals Process
The Exchanges in the Health Insurance Marketplace have been issuing out notices to employers. Each such Notice indicates to the employer that it may be subject to penalties for failing Read More
Uber Decision in Florida and The Gig Economy
In a recent decision within the Florida courts, Uber was victorious in a misclassification case that left Uber drivers classified as independent contractors and not employees. It speaks to the Read More
The IRS Audit Process Will Force Employers to Prove Their Case or Face Penalties
Post election, in December of 2016, the Internal Revenue Service (IRS) began to issue out notices to employers who may have failed to comply with the ACA. These notices appear Read More
ACA Reporting And The IRS: What To Know About The Letter You Received
At the close of 2016, the IRS letters mailed notices to employers, signaling the start of the IRS’s Affordable Care Act (ACA) audit process. Despite much talk of an ACA Read More
Understanding Anti-Discrimination: The IRS Issues Final Rule
In the final rule from the Department of Health and Human Services (HHS) on Section 1557 of the Affordable Care Act, which prohibits discrimination on the basis of race, color, Read More
Trump’s Executive Order on the ACA and Future Compliance Obligations
On his first day in office, Trump signed one of his first executive orders, entitled “Minimizing the Economic Burden of the Patient Protection and Affordable Care Act Pending Repeal.” The Read More
The Reality Of ACA Penalties Post-Repeal
As Donald J. Trump officially takes his seat as the 45th President of the United States, we inch closer to the reality of an Affordable Care Act repeal. While the Read More
Some ACA Compliance Still Required By Employers Despite Possible Repeal
As conflicting opinions of an ACA Repeal continue to loom overhead, from the Republican viewpoint, a repeal seems inevitable. However, this does not translate to an elimination of ACA compliance Read More
Understanding ACA Compliance And Utilizing Staffing Firms
By now it should come as no surprise that maintaining ACA compliance is a confusing and at times difficult task. We know the basics: Applicable Large Employers (ALEs) with 50 Read More
The IRS ACA Audit Has Begun: What To Do To Avoid Penalties
A round of IRS letters have been mailed out to employers, signifying the start of the IRS’s Affordable Care Act audit process. As the Congressional Budget Office (CBO) anticipates nine Read More
Regardless of Election & Rhetoric, Employers Are Still on the Hook for 2016 ACA Reporting
It remains unclear whether Trump and the Republican-majority Congress will repeal and replace the ACA. Shortly after loudly pledging that he will repeal and replace the ACA, just three days Read More
What Will Happen Next With The Gig Economy?
Independent contractors have gone from side help for employers to the backbone of many companies. The “gig” economy as it’s now called, includes any of said contractors who work within Read More
ACA’s 2016 Penalties Are Estimated to Near $31 Billion
Over the course of 2016, the ACA Times has reported on ways for employers to comply with mandates of the Affordable Care Act in an effort to avoid paying large Read More
ACA Reporting Extension & Good Faith Relief From Penalties
2017 is just around the corner, and there’s news from the IRS on important changes. The IRS’s Notice 2016-70, arriving in IRB 2016-49 dated December 5, 2016, highlights some of Read More
ACA Retaliation Claims: The Final Verdict Comes From OSHA
Under the Affordable Care Act, employees unable to afford the minimum essential coverage from employers are possibly eligible for Premium Tax Credits from the Health Insurance Marketplace to assist in Read More
With Trump Election Employers Still on Hook for 2016 ACA Reporting
With the stunning election of Donald Trump as President comes a serious question of what happens to the Employer Mandate under the Affordable Care Act (ACA), also known as “Obamacare.” Read More
New Instructions For Forms 1094-C and 1095-C: An Infographic
As the IRS released the final forms for 2016 Form 1094-C (Transmittal of Employer-Provided Health Insurance Offer and Coverage Information Returns) and 2016 Form 1095-C (Employer-Provided Health Insurance Offer and Read More
ACA Employer Mandate Penalties Over The Next Ten Years Projects Billions
ACA, compliance is serious business. Failure to comply with the requirements and deadlines set forth by the Affordable Care Act can lead to big penalties. These penalties are so big, Read More
It’s A Brand New Day For Marketplace Notices And Appeals
Over the course of the year, many employers participated in a widespread panic over notices mailed to them from the ACA’s Health Insurance Marketplace. These notices summarized that an employee Read More
More Tips On Avoiding Penalties During ACA Information Reporting
Employers have lost a significant margin of error when it comes to ACA information reporting in 2016. As previously discussed, as the good faith standard for incomplete or inaccurate reporting Read More
Guess Which State Is Taking A Step Toward Correcting Employee Misclassifications?
Since 2015, the topic of employee misclassification has been a hot one. Thank companies like Dave & Busters—who came under fire for allegedly doctoring hours to fall below the ACA’s Read More
Don’t Make 2015’s Mistakes In 2016
The June 30, 2016 deadline for employers to file their applicable 2015 health care tax return with theIRShas passed.For many employers, the damage is done.Skipped deadlines, misclassifications, and ignoring of Read More
Employers: Keep Your ACA Compliance, Even In Your Health Plan Language
While employers have been urged to maintain ACA compliance when it comes to reporting the health care information of its employees, there’s more to it. The Employee Retirement Income Security Read More
Study Reveals The Health Insurance Marketplace Doesn’t Have The Highest Premiums
Think the Health Insurance Marketplace has the highest premiums? Think again. A report by the Commonwealth Fund reveals that the ACA’s Health Insurance Marketplace is not the most expensive place Read More
It’s Deadline Day! File Your ACA Forms or Face A Penalty
We’ve finally reached this point. Today (June 30) marks that day that all Applicable Large Employers (ALEs) with 50 or more full-time equivalents must electronically file forms 1094-C and 1095-C. Read More
Is Cybersecurity An Issue When Using The ACV? The TIGTA Weighs In
The Treasury Inspector General for Tax Administration (TIGTA) released a report highlighting security and testing risks when determining ACA compliance through the IRS’s ACA Compliance Validation System (ACV). Considering the Read More
To Audit Or Not To Audit: How An ACA Audit Can Save Your Company’s Pockets
It feels like the year of penalties for employers this tax season, primarily those classified by the ACA for an Applicable Large Employer (50+ full-time equivalents). This is due largely Read More
Valve is being sued. Will there be any Steam left after this lawsuit?
Last year, Uber became entangled in multiple employee misclassification lawsuits. These primarily involved individual incidents where contracted drivers exceeded the hourly threshold to be deemed “full-time” under the Affordable Care Read More
ACA Penalties To Hit $228 Billion
2015 marked the first year where the Affordable Care Act was arguably set into clear motion, as new policies and mandates from employer to employee and covering others were just Read More
