Eligible employers may soon face expensive penalties for Affordable Care Act (ACA) noncompliance. Research indicates ACA penalties are going to hurt during the upcoming 2016 tax reporting period. Accenture researchers revealed penalties could be attributed to employers that are “unintentionally non-compliant,” meaning they offer health coverage, but fail to meet IRS reporting requirements. Don’t get caught unaware or unprepared.
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While employers may hope changes from incoming President Trump will eliminate ACA obligations, the reality is these changes are not going to take place quickly. It’s also likely some level of employer reporting will continue with any type of replacement law. With reporting deadlines right around the corner for the 2016 benefit year, the IRS is likely expecting employers to file in accordance with the ACA legislation in place at this moment.
Protect Your Business and Your Bottom Line With ACA Compliance
If you have been struggling with ACA compliance, don’t waste any more time or put your business at risk for costly penalties.
The ACA legislation hasn’t been repealed or replaced yet and expert project penalties are going to be more expensive than ever. Protect your business and your bottom line and take a proactive stance with ACA compliance. Contact Integrity Data for more information about the ACA Compliance solution today.
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