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Year-End ACA Reporting

Can you believe year end is almost here? I know - time sure flies when you are having fun. There are many tasks that come with year-end wrap-up, and fortunately iSolved has the ability to help you with most of those tasks. One of these tasks is ACA reporting: After a few setup items, iSolved is able to populate your 1094s and 1095s - and we can then handle the printing and filing for you. You are required to report if you are an applicable large employer (ALE). What is an ALE? According to the IRS, an ALE is a company who "has at least 50 full-time employees, including full-time equivalent employees, on average during the prior year.” Essentially, if you had an average of 50 fu

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Are you an Applicable Large Employer (ALE)? How iSolved can help you determine your ALE status.

Is your company going through change? Are you growing? Have you acquired new businesses or have been acquired? All these scenarios can change your ALE status, thus dictating whether you're required to offer medical coverage and do ACA reporting.  As a starting point, let us define an Applicable Large Employer (ALE). An ALE according to the IRS is a company who "has at least 50 full-time employees, including full-time equivalent employees, on average during the prior year, the employer is an ALE for the current calendar year, and is therefore subject to the employer shared responsibility provisions and the employer information reporting provisions.” Essentially, every year you sho

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