Affordable Care Act Services

Affordable Care Act Compliance and Consulting Services

Despite efforts to repeal the Affordable Care Act (ACA), the law is still intact as are the ACA reporting requirements for certain employers. Enactment of the ACA created reporting requirements under Internal Revenue Service (IRS) code Sections 6055 and 6056. Under these new reporting rules, applicable large employers (ALEs) – those with 50 or more full-time employees – are required to provide information to the IRS and to their full-time employees on health plan coverage the employer did or did not offer to employees.

Providing this information to the IRS and to their employees is something ALEs can do only after they have a clear understanding whether they are, in fact, an ALE. However, once that determination has been made, Tronconi Segarra & Associates offers ALEs an electronic e-filing solution to report that information to the IRS so as to avoid any potential IRS penalties that may be imposed on an ALE for lack of or late reporting. 

ALEs will be required to provide IRS informational Forms 1095 to their employees no later than January 31, 2018; and IRS informational Form 1094 (which is a summary of information of all of the ALE’s employees) to the IRS by February 28, 2018 (if prepared and filed manually) or by April 2, 2018 (if prepared and filed electronically).  

New for 2017 - certain forms of ACA penalty relief are no longer available for 2017. ALE’s with fiscal year plans should pay particular attention to this change.

Tronconi Segarra & Associates is offering this compliance service on a per-form fee basis for ALEs. Unlike others offering this compliance service, Tronconi Segarra & Associates’ service offering is neither contingent on having an existing relationship with our Firm, nor on establishing a future relationship with our Firm. We accept your ACA engagement on a stand-alone basis. However, our capacity to provide this e-filing compliance service is limited, and we may not be able to accept all requests for this service, especially as the filing deadline nears. All ALEs for whom we provide this e-filing compliance service will be asked to sign an engagement letter which will include our cost for the service, based on the ALE’s number of full-time employees (and therefore, the number of Form 1095s that must be prepared), as well as Form 1094 that is e-filed with the IRS.

To learn more about our ACA compliance service offering or to obtain a quote, please contact Lisa Mrkall, CPA, MBA, Senior Tax Manager, or Mary Parmer, CPA, MBA, Senior Tax Accountant, at Tronconi Segarra & Associates at (716) 633-1373.

Click here to download a PDF of our Affordable Care Act Services overview.

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