The ACA Times

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  • ACA Improvements to Expect from the Biden Administration

    ACA Improvements to Expect from the Biden Administration

    3 minute read: The inauguration welcoming president-elect Joe Biden to the White House is imminent and with the recent shift in majority control of the Senate, we can expect a The post ACA...

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  • PPP Loans Are Now Available, Both First Draw and Second Draw PPP Loans

    PPP Loans Are Now Available, Both First Draw and Second Draw PPP Loans

    2 minute read: Last Friday, the Small Business Administration (SBA) announced that the Paycheck Protection Program (PPP) will reopen this week with First Draw PPP loans to be available...

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  • Democrats Gain Senate, Paving the Way for Biden’s ACA Agenda

    Democrats Gain Senate, Paving the Way for Biden’s ACA Agenda

    3 minute read: The results from last week’s Senate runoff race in Georgia have given Democrats control of the Senate, paving the way for Joe Biden’s presidency and his agenda The post Democrats...

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  • The ACA is Central to American Health and Wellbeing

    The ACA is Central to American Health and Wellbeing

    2 minute read: At the dawn of 2021, the Affordable Care Act (ACA) is poised to continue to be central to the health and wellbeing of millions of Americans. A The post The ACA is Central to...

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  • Employers, Mark These Key 2021 Dates for 2020 ACA Reporting

    Employers, Mark These Key 2021 Dates for 2020 ACA Reporting

    3 minute read: The new year is here, and with it a laundry list of items to be sure your organization has a handle on, including ACA reporting with the The post Employers, Mark These Key 2021...

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  • New Individual Mandate Regulations: What You Need to Know

    New Individual Mandate Regulations: What You Need to Know

    3 minute read: The California Franchise Tax Board (FTB) just published Final Regulations on the Individual Shared Responsibility Penalty. The California Individual Mandate, in effect since January...

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  • Minimize Penalties with ACA Best Practices for the Holiday Season

    Minimize Penalties with ACA Best Practices for the Holiday Season

    3 minute read: With the New Year around the corner, employers should begin preparing their ACA Forms 1094-C and 1095-C if they haven’t already begun to do so. Each year, The post Minimize...

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  • The Annual ACA PCORI Fees are Increasing in 2021

    The Annual ACA PCORI Fees are Increasing in 2021

    2 minute read: The IRS has released the PCORI fee for plans that end on or after October 1, 2020 and before October 1, 2021.  For plans that end on The post The Annual ACA PCORI Fees are...

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  • ACA Penalties Among IRS’s Critical Activities

    ACA Penalties Among IRS’s Critical Activities

    3 minute read: On December 1, the IRS announced updates to the services it will be processing as a part of its mission-critical functions. Among the processes are ACA employer The post ACA...

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  • The Most Commonly Asked ACA Reporting Questions, Answered

    The Most Commonly Asked ACA Reporting Questions, Answered

    3 minute read: With less than 30 days left in 2020, employers should begin to prepare their ACA filings with the IRS. Despite ACA reporting having been required for the The post The Most Commonly...

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  • Good-Faith No Longer Good Enough to Avoid IRS Penalties

    Good-Faith No Longer Good Enough to Avoid IRS Penalties

    2 minute read: IRS Notice 2020-76 provided for a 30-day extension for the furnishing deadline of IRS Forms 1095-C and extended “Good-Faith Relief” from penalties under IRC Sections 6721 and The...

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  • Meet These 2021 IRS Deadlines to Avoid ACA Penalties

    Meet These 2021 IRS Deadlines to Avoid ACA Penalties

    2 minute read: Every year Applicable Large Employers (ALEs) must file and furnish their ACA information to the IRS and their employees, respectively. Failing to do so can result in The post Meet...

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  • IRS Issues Final 2020 ACA Forms 1094-C,1095-C, and Reporting Instructions

    IRS Issues Final 2020 ACA Forms 1094-C,1095-C, and Reporting Instructions

    2 minute read: The IRS has released the final versions of the ACA reporting Forms 1094-C and 1095-C, in addition to the reporting instructions for the 2020 tax year, to The post IRS Issues Final...

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  • Biden’s ACA Enhancements Could Create Challenges For Employers

    Biden’s ACA Enhancements Could Create Challenges For Employers

    2 minute read: President-elect Joe Biden’s term will begin in a few short months and as he promised during his campaign, there will be a number of advancements made to The post Biden’s ACA...

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  • ACA Employer Mandate Penalties Increasing in 2021

    ACA Employer Mandate Penalties Increasing in 2021

    3 minute read: Earlier this year, the IRS issued the 2021 employer mandate penalties under IRC 4980H(a) and 4980H(b). It should come as no surprise that the penalty amounts have The post ACA...

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  • ACA Likely to Remain Following Supreme Court Oral Arguments

    ACA Likely to Remain Following Supreme Court Oral Arguments

    3 minute read: The Affordable Care Act may have avoided the possibility of being removed once and for all, as the Supreme Court hearing last week suggests. The California v. The post ACA Likely to...

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  • Prop 22 has Significant Implications on ACA Healthcare Benefits

    Prop 22 has Significant Implications on ACA Healthcare Benefits

    2 minute read: With everyone’s attention focused on the results of the presidential election, folks may not realize that California Prop 22 will pass. As of November 6, the status The post Prop 22...

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  • IRS Announces COVID-19 Tax Relief Initiative to Help Taxpayers

    IRS Announces COVID-19 Tax Relief Initiative to Help Taxpayers

    2 minute read: On November 2, 2020, the IRS announced several changes to its collection procedures to assist struggling taxpayers impacted by COVID-19. These changes include: Taxpayers who qualify...

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  • Election Day Recap and Potential ACA Changes

    Election Day Recap and Potential ACA Changes

    3 minute read: Heading into Election Day, a record-breaking one million Americans cast their ballots early, creating a myriad of potential challenges for determining a clear victor in the 2020 The...

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  • Election Day Recap and Potential ACA Changes

    Election Day Recap and Potential ACA Changes

    3 minute read: Heading into Election Day, a record-breaking one million Americans cast their ballots early, creating a myriad of potential challenges for determining a clear victor in the 2020 The...

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