Last Updated on January 28, 2025 Two significant pieces of legislation were signed into law on December 23, 2024: the Employer Reporting Improvement Act and the Paperwork Burden Reduction Act. These laws represent a major shift in simplifying employer responsibilities under the Affordable Care Act (ACA). Here’s a breakdown of what these acts entail, the […]
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Last Updated on January 8, 2025 Small businesses with fewer than 50 full-time equivalent (FTE) employees face critical Affordable Care Act (ACA) filing requirements. Compliance is essential to avoid penalties and ensure smooth operations. This guide explores the ACA filing requirements for small groups, the role of Form 1095-B and the limitations of relying solely […]
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Join MyHRBuzz as we discuss common challenges faced during the ACA year-end reporting process and share expert tips to ensure compliance and avoid costly mistakes.
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Last Updated on January 28, 2025 As we approach year’s end, employers must be diligent in ensuring compliance with the Affordable Care Act (ACA) reporting requirements. The ACA demands meticulous record-keeping and reporting, leaving no room for error. Failure to do so can lead to significant penalties and fines: The following are tasks designed to […]
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Last Updated on June 26, 2023 The Patient-Centered Outcomes Research Institute (PCORI) fee is an essential component of the Affordable Care Act (ACA) compliance structure. Understanding what PCORI fees are, who needs to file, when it needs to be filed, the rate at which it needs to be paid, and the form on which it […]
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Last Updated on November 28, 2023 The Department of the Treasury and the Internal Revenue Service that will affect how businesses submit their informational returns to the IRS. These regulations will require certain filers to e-file beginning in 2024. The new rules, T.D. 9972, affect filers of partnership returns, corporate income tax returns, unrelated business income […]
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