Can you believe summer is almost over?  Interesting Fact:  According to the astronomical definition, fall begins with the autumnal equinox.  In the Northern hemisphere, it’s the September equinox, while in the Southern hemisphere, it is the equinox in March.  That means, Fall or “ACA season” for ETC clients starts September 22, 2022, at 8:03 pm.  […]

•Breathe: remain CALM and mindful of your body language from the beginning to the end – tone and demeanor are key! •Be Prepared: Have notes around facts, details, and evidence to ensure your conversation remains objective. •Be Empathetic and Honest: Consider appropriate responses and defuse any negative emotions that you hear or observe. Be mindful […]

Today, Employers responsible for Forms 1094-B/1095-B or Forms 1094-C/1095-C that file less than 250 forms are not subject to electronic filing requirements through the AIR System. Many of these smaller employers choose to still submit these forms on paper and avoid the additional expense of electronic filing. IRS Mishandling:  An increasing number of Applicable Large […]

The IRS recently released the 2022 affordability percentage that Applicable Large Employers (ALEs) use when determining whether their offer of coverage is affordable such that they are not subject to 4980H(b) penalty exposure. For plan years beginning in 2022, ALEs offer affordable coverage if the employee required contribution amount for self-only, minimum value coverage does […]

Nov 6, 2021On Saturday, November 6, the Fifth Circuit Court of Appeals placed a temporary hold on the OSHA Emergency Temporary Standard (ETS) requiring COVID vaccination or testing for employees of employers with 100 or more employees. The current ruling is temporary, but we expect to learn later this week whether the ETS will be […]

Reporting Affordability Accurately Is Critical in First Year of Reporting Without Good Faith Relief For all prior tax years in which Form 1094-C and 1095-C reporting has been required, the IRS has offered relief from reporting error penalties under Code Sections 6721 and 6722 when ALEs made good-faith efforts to comply with these reporting requirements. […]

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