Author Archives: Brian Dunham
We don’t suck at doing ACA reporting. Seriously. Watch the Video.
As experts in 1095 reporting, employee benefits and everything Affordable Care Act related, we are uniquely prepared to assist employers in the completing of all of their IRC 6055 & IRC 6056 obligations. Employers recognize that ACA compliance is critical to their success as a business. ACA Reporting Service is a full service Affordable Care Act (ACA) reporting company. Under ACA, regularly known as Obamacare, Applicable Large Employers must report annually to the IRS the type and cost of medical plans offered to their full time employee population. As it turns out, this reporting is extremely complex and requires an extensive knowledge of employee benefits in order to be done well. Our ACA reporting solution was built out of an in-depth knowledge and understanding of employee benefits. This is the major difference between our solution and the majority of our competitors who approached this reporting from a technology or payroll background. Because we know well the actual individuals who are ultimately responsible for this annual reporting (human resource directors, finance directors & benefit brokers) and the type of functions they perform each day, we were able to design a client experience to fit them perfectly. Most importantly, we understand that our #1 focus and goal is to be a service company delivering a great client experience. It is this focus on serving our clients which helped us to achieve a 98%+ client satisfaction rate.
ACA Law, Federal Rulings
Obamacare (ACA) Ruled Unconstitutional in Texas, but This Fight is Far from Over
Uncharacteristically late on Friday evening December the 16th, a Texas U.S. District Court Judge (Reed O’Connor) held that the Affordable Care Act was unconstitutional and should be entirely struck down. The basis of this argument is that the recent decision by Republican Congress to remove the tax penalty for people who do not have health insurance, now places the law in opposition to the constitution.
The decision is certain to be appealed. In fact, house leader Nancy Pelosi almost instantly challenged the decision and said that when Democrats take the house in January, they will certainly appeal. This is widely anticipated to lead to a very long legal battle between Democrats and Republicans.
In the meantime, the current ACA law stands. The white house released a formal statement reiterating just that. White house press secretary Sarah Sanders stated that, “Obamacare will remain in effect while the case is appealed”.
Most legal scholars believe that this case will ultimately be heard by the supreme court. Until then nothing will change with how our current healthcare system operates.
This means that Employers must still comply with the Employer Mandate. ACA Reporting is still required by law and employees must receive their forms 1095C no later than the extended deadline of March 4th 2019, for the 2018 reporting year.
ACA Law, Federal Rulings
IRS Deadline Extended 2019: Employers get extra time to distribute form 1095-C
The IRS has yet again extended the annual deadline for distributing form 1095-C for the 2018 tax year. The new deadline for form distribution to full time employees (required under the Affordable Care Act ACA) is March 4, 2019. This deadline was extended from the original due date of Jan 31, 2019 effectively giving large employers 32 additional days to comply.
On November 29th the IRS released notice 2018-94, which serves to extend the due date for certain 2018 information-reporting requirements for insurers, self-insuring employers, and certain other providers of minimum essential coverage under section 6055 of the Internal Revenue Code (Code) and for applicable large employers under section 6056 of the Code.
The notice specifically mentions that failure to comply with new due dates will result in penalties for Applicable Large Employers (ALEs). The notice states “Employers or other coverage providers that do not comply with the due dates for furnishing Forms 1095-B and 1095-C (as extended under the rules described above) or for filing Forms 1094-B, 1095-B, 1094-C, or 1095-C are subject to penalties under sections 6722 or 6721 for failure to timely furnish and file, respectively. However, employers and other coverage providers that do not meet the relevant due dates should still furnish and file.”
ACA Reporting Service is a leading full service vendor for ACA reporting since the inception of the law in 2014. We work directly with employers as well as partnering with HR firms, Staffing companies and many others needing an expert partner for backend fulfillment for their clientele. Reach out to our customer service team for more details at 844-829-0738 or email us: email@example.com.