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Posts from: October 2015

ABCs of The New ACA Reporting Requirements

Author: Jan Fernandez    Posted: October 31, 2015

If payroll and human resources didn’t have enough to do with all this new world employee benefits stuff, the ACA has decided to tack on another report or two, or maybe three. Now, according to the ACAs section 6056, employers with 50 or more employees are required to provide the IRS with a report showing who was covered and how much the employer paid on the employee’s behalf.  This will be done through the form […]

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Uh, Oh….The Holidays Are Coming!

Author: Venus Dean-Bullinger    Posted: October 30, 2015

How exciting, Tis the season to be jolly. Fa’ La’ La’ La’ La..La’,La’ La La!  Tis also the season to watch what we eat. Although health advice has focused on saturated fats from high-fat animal foods, many people take that advice to mean all fats are bad.  Choosing in their stead an array of reduced-fat and fat-free foods rich in carbohydrates… from crackers to sweetened yogurts. They especially increased their consumption of two kinds of […]

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From The Blog - Is this a Football Game or are we talking about Health Insurance?

It feels like a quarterback calling out a play, 6056, 1095, 4980H – HIKE!, but employers are reporting which employees had health insurance and for how many months during the year. The Affordable Care Act (ACA) created reporting requirements in Internal Revenue Code (Code) Section 6056. Under these rules, applicable large employers Applicable Large Employer (ALEs) subject to the employer shared responsibility rules must provide information to the Internal Revenue Service (IRS) about the coverage […]

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