|For more information or for help with preparation of 1094-C and 1095-C forms, contact Savers Admin today!|
The Patient Protection and Affordable Care Act (PPACA), more commonly known as the Affordable Care Act (ACA), or Health Care Reform, is one of the most significant workplace laws in decades, and it's affecting every employer and every employee in more ways than you may realize. While it provides an opportunity for employers to reshape their benefit strategies, in most cases it's also requiring them to make a shift in their organizational culture.
Under the ACA, 1094-C and 1095-C reports are now mandated for employers, with the reports due by January 31st, 2017 .
There is a risk of significant penalties and taxes if the shared responsibility reporting requirements aren't properly met. To ensure they are in compliance, it is imperative that employers immediately begin to plan for the new ACA reporting deadlines.
And, the IRS reporting forms must contain data on employees and their dependents throughout the reporting calendar year. Can you run the risk of non-compliance? Do you have the expertise on staff to manage the data and prepare the reports in-house?
Savers Admin is in the unique position of having on staff a team of experienced payroll, benefit, and insurance professionals who can help employers comply with the complex ACA reporting requirements.
Contact Savers Admin now and let us help with ACA reporting requirements.