InfinityHR is proud to announce a 100 percent on-time filing rate for client’s Affordable Care Act (ACA) e-filings. This includes a 31 percent increase in the number of EINs filing from tax year 2015 to tax year 2016. InfinityHR is poised to continue to help our customers stay compliant with our comprehensive ACA module for tax year 2017 now that ACA seems to be here to stay.
Although the Republican controlled White House, House of Representatives and Senate have been working to repeal or cripple the ACA, they have yet to be successful. On March 24, 2017, House Speaker Paul Ryan (R-WI) said, “Obamacare is the law of the land. It will remain the law of the land until it is replaced. We will be living with Obamacare for the foreseeable future.” This was after the Republicans failed to get enough support for the American Health Care Act (AHCA), deciding to withdraw it from the floor prior to a vote.
What does all of this mean for employers? Although many expected there to be some sort of change to employer responsibilities as it relates to employee benefits, the reporting and/or the fines associated with the ACA, for now, stand.
InfinityHR is dedicated to helping companies stay compliant with our comprehensive ACA reporting module. The ACA module features include:
- Ability to offer employees coverage at the click of a button
- FTE/ALE forecasting
- Personalized ACA profiles
- Easy access for employees
- Multiple EIN reporting
- 1094/1095 B/C generation
If you’d like to learn more about our ACA module and services, please click here.
To get an idea of what employers need to know to prepare for the ACA reporting deadlines download our guide that coves the five things employers needed to know to prepare for the 2016 ACA Reporting deadlines.