ACA-Track

?? ACA Teacher Tuesday! ?? ?? What is an ALE and Why Does It Matter for ACA Reporting? ?? If your organization employs a significant number of full-time workers, you’ve likely heard the term Applicable Large Employer (ALE). But what does it mean, and how does it impact your ACA reporting responsibilities? An ALE is an employer with 50 or more full-time employees (or full-time equivalents) during the previous calendar year. This threshold is crucial because ALEs are required to comply with the Affordable Care Act’s (ACA) Employer Mandate. Here’s what ALE status entails: ? Offer Affordable Health Coverage: ALEs must provide minimum essential coverage to at least 95% of their full-time employees (and their dependents) or potentially face penalties. ? File ACA Forms 1094-C & 1095-C: ALEs are responsible for reporting detailed information about health coverage offered to employees to the IRS and furnishing 1095-C forms to employees. Determining ALE status can be complex. Factors like seasonal workers, employee hours, and how your workforce is structured all play a role in the calculation. That’s where having the right tools and expertise is critical! At ACA-Track.com we help ALEs simplify ACA compliance and ensure accurate, timely reporting. Not sure if your organization qualifies as an ALE or need help navigating ACA reporting? We’ve got you covered! ?? Contact us today to learn more. www.aca-track.com #ACAReporting #ALE #Compliance #AffordableCareAct #HRTech #Efile #1095 #1094

?? ACA Update Alert! Stay Ahead with the Latest Compliance News ?? With ACA compliance season just around the corner, there are important updates that every organization should be aware of. Here’s a quick rundown of what’s changing and how it impacts your business: ?? IRS Penalties Increase: For 2024, the IRS has announced steeper penalties for non-compliance with ACA reporting requirements. It’s crucial to ensure your reporting is accurate and timely to avoid these costly penalties. ?? Affordability Threshold Adjustments: The ACA affordability percentage has been adjusted for 2024, affecting employer-sponsored health coverage affordability. This is vital for ensuring compliance and preventing shared responsibility payments. ?? 1095-C Reporting Requirements: The IRS deadlines remain firm. To avoid last-minute challenges, now is the time to review your data and verify reporting accuracy. Our team is here to help you navigate these updates with confidence! Let’s connect and make this ACA season smooth, accurate, and penalty-free. Reach out today for assistance with your reporting, data tracking, or compliance strategy. We are here to help. www.aca-track.com #ACACompliance #IRSUpdates #HRCompliance #1095C #AffordableCareAct #EmployeeBenefits #1095reporting

?? ACA Update Alert! Stay Ahead with the Latest Compliance News ?? With ACA compliance season just around the corner, there are important updates that every organization should be aware of. Here’s a quick rundown of what’s changing and how it impacts your business: ?? IRS Penalties Increase: For 2024, the IRS has announced steeper penalties for non-compliance with ACA reporting requirements. It’s crucial to ensure your reporting is accurate and timely to avoid these costly penalties. ?? Affordability Threshold Adjustments: The ACA affordability percentage has been adjusted for 2024, affecting employer-sponsored health coverage affordability. This is vital for ensuring compliance and preventing shared responsibility payments. ?? 1095-C Reporting Requirements: The IRS deadlines remain firm. To avoid last-minute challenges, now is the time to review your data and verify reporting accuracy. Our team is here to help you navigate these updates with confidence! Let’s connect and make this ACA season smooth, accurate, and penalty-free. Reach out today for assistance with your reporting, data tracking, or compliance strategy. We are here to help. www.aca-track.com #ACACompliance #IRSUpdates #HRCompliance #1095C #AffordableCareAct #EmployeeBenefits #1095reporting

Thank you Leisa for your kind words! Every year we feel fortunate to help new and returning clients with their #ACAreporting and #compliance. It is our joy to deliver exceptional service so that our clients feel supported and stress free. #ACA #efile #1095c #1094c #IRS #compliance

What Is Prior Year 1095 Filing, and How Can We Help? Prior year 1095/1094 filing is the process of submitting 1095-C forms for previous tax years to ensure ACA compliance. This is essential for companies that may have missed filing deadlines or received IRS notices. Staying compliant with ACA regulations helps avoid penalties and keeps records accurate. How We Can Help:?Our team specializes in handling prior year filings to make this process easier for you. Here’s how we support your compliance efforts: ? Identifying and submitting any missed 1095/1094-C filings. ? Responding to IRS notices related to ACA compliance. ? Providing peace of mind by keeping your ACA reporting up to date. Let us handle the complexities of prior year 1095 filings so you can focus on what matters most. Reach out to learn more about how we can assist with your ACA compliance needs! www.aca-track.com #1095reporting #ACA #compliance #Efile #1095 #1094 4o

?? November is here—the month of gratitude! At?ACA-Track.com, we’re especially thankful for our incredible clients and dedicated team. Every day, we have the privilege of supporting organizations in their ACA compliance journey, and it wouldn’t be possible without the trust of our clients and the hard work of our staff. ?? ?? As we dive into this season of thanks, let’s celebrate the people and moments that make our work meaningful. Share with us below something you're grateful for this month! #Gratitude #Thankful #ACA-Track.com #ClientAppreciation #TeamAppreciation #ACAreporting #ACACompliance

ACA-Track.com's Katie Androff recently spent some time getting to know the fine people associated with MISHRM.