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ACA Considerations for Furloughs and Layoffs During COVID-19

ACA Considerations for Furloughs and Layoffs During COVID-19

As COVID-19 severely affects various industries such as hospitality and food service, your organization may be experiencing mass furloughs and layoffs to protect your business. As you and your team work through these changes, ACA Compliance and Reporting may top be top of mind, but we're here to help you with these efforts to avoid …

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ACA Considerations for Mass Hiring during COVID-19

ACA Considerations for Mass Hiring during COVID-19

COVID-19 has caused a great deal of uncertainty and confusion across many sectors as the situation continues to evolve and introduce new challenges. Given the unprecedented nature of the current situation, there is no playbook for risk and compliance management. BenefitScape is prepared to assist your organization with navigating this situation to ensure complete ACA Compliance …

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ESRP Notices are Coming! Let's Get You Prepared

ESRP Notices are Coming! Let’s Get You Prepared

The IRS has recently posted an announcement on their website, saying all mailing and correspondence including responding to Employer Shared Responsibilty Payment (ESRP) was postponed until after July 15th, 2020. Translation: BenefitScape recommends that Employers should begin to gear up for IRS ACA Penalty Notices.  Who is affected?  Under the ACA Employer Mandate, Applicable Large Employers (ALEs) must …

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NJ Deadline Extension May 15

NJ Deadline Extension May 15, 2020 for Healtcare eFiling

Here is a guide to determining your organization’s readiness and a few practical tips if your organization is to go forward and attempt this NJ efiling. Many employers have voiced concern that these NJ filing requirements are difficult for them to comply. In particular, smaller employers may not have the capacity for electronic filing of information …

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New Jersey eFiling Method from XML

New Jersey eFiling Method from XML

As deadlines approach, here is a little help from your friends at BenefitScape to help with NJ mandate efiling. Take a look at this Outline of a project plan to enable e-filing to New Jersey starting with the IRS AIR XML file.

State Mandate eFiling Services

State Mandate eFiling Services

Currently, Massachusetts, California, the District of Columbia, New Jersey, Rhode Island, and Vermont have passed state individual mandates. With each state passing its own individual mandate, it makes it difficult for companies to keep up with all the different regulations and reporting requirements. BenefitScape will efile all data required by the state.

Questions and Answers on the Individual Shared Responsibility Provision

Questions and Answers on the Individual Shared Responsibility Provision

As a provider of millions of ACA 1095 Forms, we are often asked “if the employee must have a copy of this ACA Form 1095 to file their federal income tax return?”
The IRS has finally answered the question, NO. The Form 1095 is not needed to file Form 1040. In fact there is no longer even a place on the 1040 to provde any information on the individual mandate. THE BOX IS GONE!

IRS Issues Extension for Furnishing Forms 1095-B/C and Eliminates Transitional Good Faith Relief for Tax Year (TY) 2021

ACA Reporting Extension.. Whew!

Missed a deadline? Don’t compound the issue and risk a penalty, print and file forms as soon as possible and email in order to be able to exhibit “Good Faith” and explain your reason for not meeting the deadlines.

The IRS has,provided little breathing room for employers required to prepare ACA Forms. In Notice 2019-63, the IRS provided additional reporting relief for employers for the 2019 calendar year.
Note: eFiling to IRS AIR was not extended, deadline is March 31, 2020

Employer Obligations Under State Individual Health Care Mandates

Employer Obligations Under State Individual Health Care Mandates

In Brief: BenefitScape Cloud can take your Federal ACA filing and eFile it to New Jersey. Its that simple!
No additional effort on your behalf, its that easy. The result 100% NJ Compliance with no additional work!
New Jersey employers and out-of-state employers that withhold and remit New Jersey Gross Income Tax for New Jersey residents must submit returns to the state and distribute statements to employees in early 2020.

ACA IRS e-filing Process Improvements to Reduce Errors and Exposure to IRS Penalties

ACA IRS e-filing Process Improvements to Reduce Errors and Exposure to IRS Penalties

IRS e-filing to the new Affordable Care Act Information Returns system (AIR) requires constant technological improvement to keep up with the requirements the IRS has imposed on applicable large employers (ALE’s). Most “tax filers” have not improved their process to the point where they can reduce errors and potential penalties for those using their filing systems. Essentially they can file arithmetic reports such as W-2 and 1099 but do not possess the skills and software to manage ACA filings.

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