ACA Update: How to Determine Your Filing Requirements

written by Jacque Mattson

There are various items under the Affordable Care Act (ACA) that may cause headaches over the next several months for employers. One of which is the healthcare reporting requirement to both the IRS and employees on the insurance coverage being provided and the costs under the health plan being offered to them.

Even though employers may not be required to offer healthcare coverage to employees, if they do, the reporting requirements may apply even if the company has under 50 full-time employees. Under ACA, there are many definitions related to who is deemed to be an employee and how to calculate the number of full-time employees and full-time equivalents for the year that companies need to be aware of.

The required Form 1094-B, 1094-C, 1095-B, and 1095-C are to be supplied to employees by March 31, 2016, and to the IRS by May 31, 2016 if filing on paper or June 30, 2016 if filing electronically.

If you have any questions about the Affordable Care Act, please contact our office at 417-881-0145.


Filter by Category