This training program will detail important requirements of the Affordable Care Act tax provisions. Attendees will learn how to stay compliant with the ACA tax provisions and avoid penalties.
There are also new required reporting requirements for all employers under the ACA. These reporting requirements are no longer voluntary. Employers need to know what information needs to be reported and how often. Employers will also have to complete new tax forms for the 2016 tax filing period. They need to understand what information is required to complete the forms and how to complete the forms. Penalties will also be assessed for not being compliant with reporting requirements. In addition, employers need to know the correct information to report on Form W-2 and Form 941.
This webinar will enumerate Employer Shared Responsibility Provision requirements as stipulated by the ACA and the ACA reporting requirements for all employers.
Why Should You Attend:
As of January 1, 2015, large employers (employers with 50 or more full time employees or equivalents) must be in compliance with the Employer Shared Responsibility Provision under the ACA. This applies to all large employers - profits, nonprofits, and government organizations. The main requirement under this tax provision is that these employers provide affordable health coverage for employees, and the insurance provides minimum value. If employers are not compliant with this requirement, they are penalized.There are also new required reporting requirements for all employers under the ACA. These reporting requirements are no longer voluntary. Employers need to know what information needs to be reported and how often. Employers will also have to complete new tax forms for the 2016 tax filing period. They need to understand what information is required to complete the forms and how to complete the forms. Penalties will also be assessed for not being compliant with reporting requirements. In addition, employers need to know the correct information to report on Form W-2 and Form 941.
This webinar will enumerate Employer Shared Responsibility Provision requirements as stipulated by the ACA and the ACA reporting requirements for all employers.
Areas Covered in the Webinar:
- How to determine if an employer is small or large
- Understanding the exceptions that can require small employers to comply with large employer requirements
- Understanding Employer Shared Responsibility Provision requirements for 2015
- Understanding the penalties assessed for noncompliance of the Employer Shared Responsibility Provision
- Understanding reporting requirements for employers vs. health insurance providers
- Understanding the two information returns that are required to be filed in 2016
- How to complete and file Forms 1095-C and 1094-C
- Understanding the penalties assessed for noncompliance of the reporting requirements
- Understanding what the ACA requires employers to report on Forms W-2 and 941
Who Will Benefit:
- Business owners
- Public corporation accounting personnel
- Accounting personnel for nonprofits and private owned businesses
- Company executives/management
- Human resources personnel
- Attorneys
- Accountants and CPAs
Course Provider
JeFreda Brown,
