{"id":2095,"date":"2015-01-14T10:24:10","date_gmt":"2015-01-14T15:24:10","guid":{"rendered":"http:\/\/gtm.com\/business\/?p=2095"},"modified":"2021-03-27T16:06:53","modified_gmt":"2021-03-27T20:06:53","slug":"affordable-care-act-reporting-employers","status":"publish","type":"post","link":"https:\/\/gtm.com\/business\/affordable-care-act-reporting-employers\/","title":{"rendered":"Affordable Care Act Reporting for Employers"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-full wp-image-2096\" alt=\"affordable care act reporting for employers\" src=\"https:\/\/gtm.com\/business\/wp-content\/uploads\/HealthcareReform.jpg\" width=\"270\" height=\"203\" \/>The Affordable Care Act\u2019s (ACA) <a title=\"Understanding the Employer Mandate: Download Our Guide\" href=\"\/business\/understanding-employer-mandate\/\" target=\"_blank\" rel=\"noopener\">Employer Mandate<\/a> began on January 1st. The mandate requires that all businesses with over 50 full-time equivalent (FTE) employees provide health insurance for their full-time employees, or pay a per month \u201cEmployer Shared Responsibility Payment\u201d on their federal tax return. Large companies (those with 50 or more full-time equivalent employees) are also required to begin Affordable Care Act reporting for employers for the 2015 tax year.<\/p>\n<p>In 2015, if you have 50+ full-time equivalent employees, all employees who work over 130 hours a month must have their 2015 hours tracked. You are required to offer health care coverage to all full-time employees, plus you must report all full-time employee information as required to the IRS at the end of 2015.<\/p>\n<p>There are penalties for non-compliance with the ACA\u2019s requirements. If you have 50-99 full-time employees, penalties will be assessed in 2017 based on 2016 data. For those with 100+ full-time employees, penalties will be assessed in 2016 based on 2015 data.<\/p>\n<p>GTM can help you stay compliant with our ACA reporting capabilities. Accessed directly through our Evolution payroll system, we can assist you with your required reports as follows:<\/p>\n<ul>\n<li>Through the Evolution ACA reports, on a day-to-day, ongoing basis, we will be able to identify all of your full-time equivalent employees, and keep an accurate count as employees leave and new ones are hired.<\/li>\n<li>We are ready to provide annual reporting for companies with 50+ full-time equivalent employees beginning in 2015, using the 1094\/1095 series forms.<\/li>\n<\/ul>\n<p>Please <a href=\"\/business\/contact-gtm\/\" target=\"_blank\" rel=\"noopener\">contact us<\/a> today to learn more about how GTM can help with your ACA reporting to ensure you are compliant.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Affordable Care Act\u2019s (ACA) Employer Mandate began on January 1st. The mandate requires that all businesses with over 50 full-time equivalent (FTE) employees provide health insurance for their full-time employees, or pay a per month \u201cEmployer Shared Responsibility Payment\u201d on their federal tax return. Large companies (those with 50 or more full-time equivalent employees) [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[231],"tags":[8,11,9,30,26,10],"post_folder":[],"class_list":["post-2095","post","type-post","status-publish","format-standard","hentry","category-gtm-biz-blog-hcm","tag-affordable-care-act","tag-business-payroll","tag-health-care-reform","tag-health-insurance","tag-irs","tag-small-business"],"_links":{"self":[{"href":"https:\/\/gtm.com\/business\/wp-json\/wp\/v2\/posts\/2095","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gtm.com\/business\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gtm.com\/business\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gtm.com\/business\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/gtm.com\/business\/wp-json\/wp\/v2\/comments?post=2095"}],"version-history":[{"count":1,"href":"https:\/\/gtm.com\/business\/wp-json\/wp\/v2\/posts\/2095\/revisions"}],"predecessor-version":[{"id":9508,"href":"https:\/\/gtm.com\/business\/wp-json\/wp\/v2\/posts\/2095\/revisions\/9508"}],"wp:attachment":[{"href":"https:\/\/gtm.com\/business\/wp-json\/wp\/v2\/media?parent=2095"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gtm.com\/business\/wp-json\/wp\/v2\/categories?post=2095"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gtm.com\/business\/wp-json\/wp\/v2\/tags?post=2095"},{"taxonomy":"post_folder","embeddable":true,"href":"https:\/\/gtm.com\/business\/wp-json\/wp\/v2\/post_folder?post=2095"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}