Sage has created a product-agnostic video to concisely introduce customers to the ACA reporting requirements for employers.
This information should not be construed as professional or legal advice. Sage does not represent or guarantee that the information is accurate or applicable to your business needs. You should not act, or decide not to act, on the information without first seeking appropriate advice from an accounting or tax professional or an attorney licensed to practice in your jurisdiction.
ACA--What you need to know
Before you can determine ACA requirements for your company you will need to know the answers to these questions:
Whether you provided minimum essential coverage to employees and dependents
Number of full-time employees or full-time equivalent employees for the previous calendar year (which determines whether you are an "applicable large employer" or ALE). Some Sage products have tools to help identify full-time and full-time equivalent employees.
Whether your company files tax returns under a single EIN or multiple EINs as part of a controlled or aggregate group.
Whether your company is self-insured.
Having answers to these questions already in hand when you contact Sage will improve our ability to help you with your ACA related questions.
Finding answers to your ACA questions
The links below will help you find the IRS documentation that is most likely to provide the information you need to answer these questions.
Tip: Once you visit the IRS Affordable Care Act site, use the search bar in the upper right corner of the site to search for additional information based on key words.