ACA Compliance - Dominion Payroll · 2016 ACA Reporting Deadlines 1095-C or 1095-B Participant...
Transcript of ACA Compliance - Dominion Payroll · 2016 ACA Reporting Deadlines 1095-C or 1095-B Participant...
![Page 1: ACA Compliance - Dominion Payroll · 2016 ACA Reporting Deadlines 1095-C or 1095-B Participant Statements Postmarked to employees by January 31, 2017 1094-C or 1094-B Employer Statements](https://reader030.fdocuments.us/reader030/viewer/2022040308/5f0b5f887e708231d43032d4/html5/thumbnails/1.jpg)
ACA ComplianceAshley Sullivan
![Page 2: ACA Compliance - Dominion Payroll · 2016 ACA Reporting Deadlines 1095-C or 1095-B Participant Statements Postmarked to employees by January 31, 2017 1094-C or 1094-B Employer Statements](https://reader030.fdocuments.us/reader030/viewer/2022040308/5f0b5f887e708231d43032d4/html5/thumbnails/2.jpg)
How we don’t want you to feel this year…
![Page 3: ACA Compliance - Dominion Payroll · 2016 ACA Reporting Deadlines 1095-C or 1095-B Participant Statements Postmarked to employees by January 31, 2017 1094-C or 1094-B Employer Statements](https://reader030.fdocuments.us/reader030/viewer/2022040308/5f0b5f887e708231d43032d4/html5/thumbnails/3.jpg)
How we DO want you to feel this year…
![Page 4: ACA Compliance - Dominion Payroll · 2016 ACA Reporting Deadlines 1095-C or 1095-B Participant Statements Postmarked to employees by January 31, 2017 1094-C or 1094-B Employer Statements](https://reader030.fdocuments.us/reader030/viewer/2022040308/5f0b5f887e708231d43032d4/html5/thumbnails/4.jpg)
What will you learn about today?
• What is new to ACA in 2016
• 2016 ACA Reporting Deadlines
• How to audit data now to avoid most 1095 form errors
• Next steps & helpful tools
![Page 5: ACA Compliance - Dominion Payroll · 2016 ACA Reporting Deadlines 1095-C or 1095-B Participant Statements Postmarked to employees by January 31, 2017 1094-C or 1094-B Employer Statements](https://reader030.fdocuments.us/reader030/viewer/2022040308/5f0b5f887e708231d43032d4/html5/thumbnails/5.jpg)
What’s new for 2016?
Oct 3rd – Final ACA forms and instructions were released by the IRS
o Aggregate ALE Group clarifications
o Updated Reporting Methods
o Two “new and exciting” codes to be aware of: 1J and 1K
Dec 16th – iSolved will release updates to reflect these changes
![Page 6: ACA Compliance - Dominion Payroll · 2016 ACA Reporting Deadlines 1095-C or 1095-B Participant Statements Postmarked to employees by January 31, 2017 1094-C or 1094-B Employer Statements](https://reader030.fdocuments.us/reader030/viewer/2022040308/5f0b5f887e708231d43032d4/html5/thumbnails/6.jpg)
2016 ACA Reporting Deadlines
1095-C or 1095-B Participant Statements
Postmarked to employees by January 31, 2017
1094-C or 1094-B Employer Statements March 31, 2017 (electronic filing)
New clients needing ACA Compliance Notify us you need reporting by December 1st, 2016
Approving your ACA Forms Must be approved by January 6, 2017
IRS DEADLINES
DPS DEADLINES
![Page 7: ACA Compliance - Dominion Payroll · 2016 ACA Reporting Deadlines 1095-C or 1095-B Participant Statements Postmarked to employees by January 31, 2017 1094-C or 1094-B Employer Statements](https://reader030.fdocuments.us/reader030/viewer/2022040308/5f0b5f887e708231d43032d4/html5/thumbnails/7.jpg)
So… what can I do now?
audit, audit, audit!
![Page 8: ACA Compliance - Dominion Payroll · 2016 ACA Reporting Deadlines 1095-C or 1095-B Participant Statements Postmarked to employees by January 31, 2017 1094-C or 1094-B Employer Statements](https://reader030.fdocuments.us/reader030/viewer/2022040308/5f0b5f887e708231d43032d4/html5/thumbnails/8.jpg)
So… what can I do now?
Verify Employment Categories
![Page 9: ACA Compliance - Dominion Payroll · 2016 ACA Reporting Deadlines 1095-C or 1095-B Participant Statements Postmarked to employees by January 31, 2017 1094-C or 1094-B Employer Statements](https://reader030.fdocuments.us/reader030/viewer/2022040308/5f0b5f887e708231d43032d4/html5/thumbnails/9.jpg)
So… what can I do now?
Verify Medical Start &
Stop Dates
![Page 10: ACA Compliance - Dominion Payroll · 2016 ACA Reporting Deadlines 1095-C or 1095-B Participant Statements Postmarked to employees by January 31, 2017 1094-C or 1094-B Employer Statements](https://reader030.fdocuments.us/reader030/viewer/2022040308/5f0b5f887e708231d43032d4/html5/thumbnails/10.jpg)
So… what can I do now?
Verify Hire, Rehire, &
Termination Dates
![Page 11: ACA Compliance - Dominion Payroll · 2016 ACA Reporting Deadlines 1095-C or 1095-B Participant Statements Postmarked to employees by January 31, 2017 1094-C or 1094-B Employer Statements](https://reader030.fdocuments.us/reader030/viewer/2022040308/5f0b5f887e708231d43032d4/html5/thumbnails/11.jpg)
So… what can I do now?
Verify all Dependents are
in iSolved
SELF INSURED COMPANIES
ONLY!
![Page 12: ACA Compliance - Dominion Payroll · 2016 ACA Reporting Deadlines 1095-C or 1095-B Participant Statements Postmarked to employees by January 31, 2017 1094-C or 1094-B Employer Statements](https://reader030.fdocuments.us/reader030/viewer/2022040308/5f0b5f887e708231d43032d4/html5/thumbnails/12.jpg)
Next Steps & Helpful Tools
2016 ACA Checklist: Take this home with you today
Mid-December informational e-mail: Stay tuned!
• Copy of the 2016 ACA Checklist
• Guide for reviewing forms
• & more!
Preview 2016 ACA Forms: You can start previewing forms (NOTE: They will not be accurate until after the December iSolved update)
![Page 13: ACA Compliance - Dominion Payroll · 2016 ACA Reporting Deadlines 1095-C or 1095-B Participant Statements Postmarked to employees by January 31, 2017 1094-C or 1094-B Employer Statements](https://reader030.fdocuments.us/reader030/viewer/2022040308/5f0b5f887e708231d43032d4/html5/thumbnails/13.jpg)
Main Take-Aways
Deadlines• By Dec 1st: New clients notify DPS that they need ACA Reporting
• By Jan 6th: Clients must approve 2016 ACA forms in iSolved
• By Jan 31st: Clients distribute 1095 forms to employees
• By March 31st: DPS to file 1094 & 1095 forms with IRS
Research new IRS ACA Guidelines
Verify that accurate employee data is in iSolved
Look out for an e-mail from us mid-December with more information