Affordable Care Act: Employer Reporting Requirements

Questions on the applicable ACA reporting requirements?
We can help!

The Affordable Care Act, aka “ACA” or “Obamacare,” has produced a number of new tax laws for both individuals and businesses since being signed into law in 2010. Although these regulations have been coming into play for the past few years, the end of 2015 marks the start of one of the most complex requirements yet: Reporting Requirements for Applicable Large Employers. 

As part of the ACA regulations, employers with 50 or more full-time equivalent employees were generally required to offer their full-time employees health insurance starting in 2015 or face a penalty. While the requirement to offer health insurance has created a large financial burden on many employers, there is also a giant administrative burden being placed on those same employers with the close of 2015: the requirement to file Form 1094-C and 1095-C.

The good news? SSF is here to help! We are proud to announce that we now offer a full range of ACA consulting services, including:

  • Calculation of whether an employer is an “Applicable Large Employer”
  • Employer’s filing of 1094 and 1095 series Forms, including who needs to file and how to actually fill out the Forms
  • Tax planning for employers who are nearing the 50 full-time equivalent threshold

If you have any questions regarding the Affordable Care Act or want more information on how it may affect you and your business, we are here to help. Please feel free to reach out to your current contact at the firm, or contact our ACA specialist, Bill Abel, directly at babel@ssfllp.com  or (408)673-2995.