Beginning in 2016, the Affordable Care Act (ACA) general transition relief for employers with fewer than 100 employees has expired. Under the Employer Mandate of ACA, Applicable Large Employers (those with over 50 full-time equivalent employees) are required to comply with the provisions of the Employer Mandate and offer health care coverage that meets specific criteria to full-time employees. Small employers (those with fewer than 50 full-time equivalent employees) are still exempt from the requirement.
The IRS has released a tax tip for employers encouraging a mid-year review of compliance with the Employer Mandate and with tracking information for reporting requirements. To view the tip and for more ACA information, follow this link.
Please contact Rebekah Flanders at 412-338-9300 if you need assistance with ACA-related or other tax issues.