While the effects of the Affordable Care Act (ACA) on employers are well documented, the intricate relationship between the ACA and the Family and Medical Leave Act (FMLA) has received less attention.
Affordable Care Act
Offering employee benefits can help employers demonstrate their commitment to their workforce, attract new employees, retain top performers, and remain competitive in the marketplace.
American founding father, Benjamin Franklin, had some timeless advice for people facing big deadlines: “You may delay, but time will not.” Fast forward from the 18th century to the present and his words still ring true – especially if you are an employer who is coming face-to-face with Affordable Care Act (ACA) Annual Reporting Requirements.
The ACA has added new IRS employer reporting requirements. These new IRS forms are Forms 1094-C and the 1095-C. Correctly completing these new IRS forms is mandatory under the ACA and will allow your business to continue operating without unnecessary loss due to fines and penalties.
The Affordable Care Act (ACA) is broad and dense. Few people have read it in its entirety, and fewer still have the expertise to understand all its elements. Much of the law has to do with new requirements for employers, including additional administrative burdens required for compliance.
If your business or your job is impacted by the Affordable Care Act (ACA), chances are you have many questions if not concerns. To help you and other employers navigate ACA compliance, ADP has released a new guide that sheds light on the employer mandate and potential financial risks for non-compliance.
When it comes to understanding the Affordable Care Act (ACA) and how it affects their companies, owners of midsized businesses have been in triage mode. They’re beginning to manage the complexities of the ACA and the cost of health care and other benefits, as our2014 Midsized Business Owners Study found, but their understanding and confidence are still low.