Volume 15 | Issue 4 | Fall 2015
welcome
to
Blog: deardrebit.com Podcast: reacpa.com/podcast
MAKE
OR
FACE
OBAMACARE SEES ANOTHER
An accounting PODCAST
with PERSONALITY
For those of you who can’t survive your
commute or a workout without a great podcast blasting from your earbuds, we’ve got
great news!
Rea has a new podcast, and you’re really
going to like it.
“Unsuitable” is a unique financial services
and business advisory show that challenges
your old-school business practices and the
traditional business suit culture. You will
hear from industry professionals who think
beyond the suit and tie to offer meaningful, modern solutions to help enhance your
organization’s growth and help you become
a more effective leader.
In short: it’s not your grandpa’s accounting
podcast.
Each week, you’ll find a new 20-minute
episode that’s packed with sound financial
and business advice through simple conversation … and maybe a little bit of banter, too.
So loosen your tie and join host Mark Van
Benschoten, CPA, CGMA, principal (Dublin office) and his guests on “Unsuitable.”
Check us out on iTunes, SoundCloud or at
www.reacpa.com/podcast. We’d love to hear
what you think! Leave a review on iTunes or
email your feedback to [email protected].
M
SHAKE-UP
any things have changed over the last few years with
regard to the Affordable Care Act (ACA). The ACA has
gone through its ups and downs, legal challenges and
delays in implementation, but now most of the requirements
are live, including a couple big changes that you need to act
on … fast.
Tackle the 1095-C – like, yesterday
By Joe Popp,
JD, LLM,
tax manager
(Dublin office)
If you have more than 50 employees, you are now required to
file form 1095-C with the IRS in early 2016, with forms due to
employees by Jan. 31. This form will be used to prove the availability of insurance offered to employees, and determine whether you’ll be hit with a pay-orplay penalty. Think of the 1095-C like a W-2, but for health insurance instead of
wages. It’s not optional … and just like with a W-2, if you fail to comply, you will
face per-employee penalties.
You may already have someone handling this reporting for you, either internally
or externally. If that’s the case, check in with them and make sure everything is
on track for January.
If not … drop everything and take care of this responsibility immediately. You
don’t have time to waste. The clock is ticking – filings are due soon, and you may
find yourself unable to secure a third-party provider. In fact, the top payroll companies are already booked to capacity, with wait lists that are growing by the day.
If you haven’t secured a provider, consider consulting an advisor who can help
generate data points for the form – which can be the most time-consuming aspect of the process. Once you’ve compiled this data on all of your employees
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