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AFFORDABLE CARE ACT

Affordable Care Act information from Keystone Software

 

The Affordable Care Act (ACA), or health care law, contains benefits and responsibilities for employers. The size and structure of your workforce– small, large, or part of a group–helps determine which provisions apply to your company.

 

ACA Overview: View these two videos to introduce you to the ACA reporting requirements for employers:

 

Affordable Care Act: IRS Reporting for Employers 
Part 1/2

 

Affordable Care Act: IRS Reporting for Employers 
Part 2/2

 

Before you can determine ACA requirements for your company you will need to know the answers to these questions:

 

Keystone recommends that you work with your accountant, CPA or tax professional to answer your ACA questions.

 

The following links are intended to help you locate specific ACA information.

 

Determining Applicable Large Employer (ALE) status

 

 

Determining what health care coverage information to support

 

Legal disclaimer: This information should not be construed as professional or legal advice. Keystone Software does not represent or guarantee that the information is accurate or applicable to your business needs. You should not act, or decide not to act, on the information without first seeking appropriate advice from an accounting or tax professional or an attorney licensed to practice in your jurisdiction

 

 

Sage 100 (formerly Sage MAS 90 & MAS 200)

 

 

Additional helpful links:

 

SageCanHelp.com - A Sage HRMS website with the most current Affordable Care Act information.

 

Aatrix Affordable Care Act Tools

 

List of acronyms associated with the Affordable Care Act

 

IRS: Affordable Care Act website

 

IRS: Questions and Answers on Employer Shared Responsibility under the ACA

 

IRS: Questions and Answers on Reporting Offers of Health Insurance Coverage

 

IRS: Questions and Answers about Form 1094-C and Form 1095-C

 

IRS: Affordable Care Act Tips

 

IRS: Affordable Care Act Legal Guidance and Other Resources

 

Instructions for Forms 1094B and 1095B

 

Instructions for Forms 1094C and 1095C

 

 

Specific Questions about ACA Forms

Be sure you are reviewing the latest versions of these documents published on the IRS website.

 

 

Determining which ACA Forms to file

  • Which of the new IRS forms will I need to file? Use the ACA Full-Time Employee Calculator and Full Time Equivalent (FTE) chart to determine which forms to generate.

  • What are the deadlines for filing ACA forms 1095-B, 1095-C, 1094-B and 1094-C? Locate filing dates in this IRS article.

  • How do I file the ACA forms? Review the link on the right side of this page titled How do I generate the required ACA forms? for Sage 100 ERP.

  • Am I required to file ACA forms electronically? Refer to the section of this IRS Q&A document titled “How and When to Report the Required Information.”

 

Providing SAGE 100 Business and Accounting Software and Services