August 23, 2016
It seems like employers just finished up year one of reporting to the IRS on Forms 1095-C and 1094-C, but it’s already time to look ahead to year two. While most reporting rules stayed the same, it is important to once again familiarize yourself with the basics on Affordable Care Act (ACA) reporting to ensure your organization is in compliance. This is especially important for organizations who may have grown to over 50 employees in the 2015 calendar year and are now required to report. Similarly, those organizations with between 50 and 100 employees were not subject to penalties for the 2015 plan year, but will be subject to penalties going forward. That means it’s even more important to stay on top of this.