12 Feb Compliance Recap: January 2016

Posted at 05:00h in ACA, Health Care Reform, IRS, Know Your Benefits, Resources

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January was a very quiet month for compliance, on the heels of the multitude of delays that came at the end of December 2015. The IRS updated its FAQs related to 6055 and 6056 reporting under the Affordable Care Act (ACA)....

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09 Feb ACA Makes Tax Season Tougher For Small Companies

Posted at 05:00h in ACA, ClearPath blog, Employee Benefits, Management, Workplace

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Companies required to offer health insurance have new forms to complete providing details of their coverage. Owners whose payrolls have hovered around the threshold where insurance is mandatory need to be sure their coverage — if they offered it last year — was sufficient to...

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05 Feb ACA Penalties and Taxes and Fees — Oh My!

Posted at 05:00h in ACA, ClearPath blog, IRS

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Employers breathed a sign of relief when the looming Cadillac tax was delayed. But are you subject to other fees and penalties under the ACA?...

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03 Feb What employees need to know now to file tax forms for PPACA

Posted at 05:00h in ACA, ClearPath blog, Employee Benefits, Employee Communication, Helpful Tips, IRS, PPACA, Workplace

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It is important for employers to educate individual taxpayers on what they are required to do and when and how to complete these requirements in the easiest and most efficient manner. ...

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02 Feb The Affordable Care Act’s reporting requirements

Posted at 05:58h in ACA, ClearPath blog

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The Patient Protection and Affordable Care Act (“ACA”) commonly known as “Obamacare” created new reporting obligations in 2015 requiring most employers to report certain information to the Internal Revenue Service (“IRS”) about each of its full-time employees, including whether it offered the employees and their...

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01 Feb IRS Updates FAQs Related to 6055/6056 Reporting

Posted at 05:37h in ACA, ClearPath blog, Compliance News

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The long-standing IRS FAQs related to reporting under sections 6055 and 6056 on requirements provided by the Patient Protection and Affordable Care Act (ACA) have been updated in January 2016 to reflect new information....

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29 Jan IRS clarifies FSA carryover and HRA coverage issues

Posted at 05:01h in ACA, ClearPath blog

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Confusion about carrying over unused funds from year to year in health care flexible spending accounts (FSAs) has received some clarification under IRS Notice 2015-87, issued in December....

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28 Jan 7 questions employees may ask about ACA 1095s

Posted at 05:28h in ACA, ClearPath blog

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The 1095 forms are ready for employee distribution. While you may feel you've covered every base, youre employees will more than likely still have a few questions....

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26 Jan Employers advised to prepare for questions on ACA reporting forms

Posted at 05:27h in ACA, ClearPath blog, Health Care Reform

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As employers prepare to distribute Forms 1095 to employees by the newly extended IRS deadline of March 31, they should brace for increased questions from employees about the new forms....

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12 Jan Compliance Recap: December 2015

Posted at 12:03h in ACA, ClearPath blog, Compliance News, PPACA

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The year 2015 went out with a bang, as federal agencies and the White House issued a number of major delays relating to employee benefits. Read more...

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