ACA Employer Reporting

The Affordable Care Act (ACA) imposes demanding reporting responsibilities on employers each calendar year since 2015. The reporting stipulation states that an information return will be prepared for each applicable employee, and these returns must be filed with the IRS using a single transmittal form (Form 1094-B & 1095-B or Form 1094-C & 1095-C). The filing requirements are based on an employer’s health plan and the number of employees. Inability to file or report correctly will result in numerous and expensive fines for employers.

The ACA’s employer shared responsibility provisions require certain employers, referred to as Applicable Large Employers (ALEs), to offer minimum essential coverage that is both “affordable” and satisfies the minimum value requirement to full-time employees and their dependents. If an ALE does not offer compliant minimum essential coverage, they may have to make an “employer shared responsibility payment”.
TASC ACA Reporting will help you with the following:

• Provide training and resources on codes/classifications in our secure online portal.
• Validate information for reporting to the IRS and your employees.
• eFile required IRS forms, thoroughly and on time.
• Optional mailing of 1095s to employees. (additional fees apply)