While many employers hoped 1095-C employee-facing forms and 1094-C IRS reporting would be a thing of the past, the reality is employers with 50 or more FTEs (as well as related companies) must comply with reporting requirements for the 2016 calendar year. These reporting requirements will likely remain in-place for 2017 as well.
The outlook is ominous as it is anticipated the IRS will start sending out those dreaded penalty letters in the very near future. Non-compliant employers are at risk and will face material penalties!
Reporting requirements, deadlines and IRS Penalties
"Good-faith Efforts”
The Business Case for Compliance
Developing Internal Controls
Risk Mitigation Strategies – How to Audit 1095s/1094s
1095/1095 Reporting and M&A and the role of the CPA
William Cos, GA
"It was easy to get 3 billion out of the employee mandate. It will be alot harder to make 6 billion out of employer mandate esp if smaller companies operate on small margins. You cannot get blood out of turnips."Nancy Fellin, PA
"Thank you Howard for a great update related to ACA. Good information and it's great to keep abreast of the latest developments (or non-developments). Excellent webinar!"Michael, MO
"Howie's presentation style is wonderful. Smooth voice, relaxed yet serious (nice combination). He / his company have researched this topic very well. Thankfully!"James, OH
"Like many of the presentations so far this year, the topic is in flux depending on which direction the new administration goes. Very interesting. Thank you!"Kyle, MO
"Very knowledgeable and well done. A lot to cover with 1094/1095 reporting and this was a perfect blend of being concise and informative."STEPHEN, NH
"VERY VERY GOOD & KNOWLEDGEABLE SPEAKER.. TERMINOLOGY WAS INTERESTING AND REAL-WORLD APPLICATIONS VERY PRACTICAL."BUD, VA
"Very informative. Wille certainly assist me to help my clients"Michael, NJ
"Howard was able to bring lightheaded humor to a serious topic."
HR Best Practices
President
howie@hrbestpractices.com
(201) 891-8010
In 2001 Mr. Gerver started HR Best Practices, a data-driven healthcare cost containment, compliance, and auditing company. Since its inception HR Best Practices has saved employers hundreds of millions of dollars by reviewing and analyzing medical, pharmacy, and workers’ compensation claims.
As an agile entrepreneur, Mr. Gerver and the HR Best Practices team created its proprietary Covid-19 Workforce Risk Scoring methodology. At the core of this unique and valuable risk mitigation approach is the use of Census, Job, and Claims data which is utilized to calculate location-specific risk scores. The main deliverable is an objective blueprint for reopening and operating largely based on the health of employees by worksite location.
HR Best Practices is cited as a Gold List member in The Disease Management Purchasing Coalition resource directory. Prior to 2001, he worked for 18 years within the Benefits, HR, and Payroll space for PriceWaterhouseCoopers, Computer Sciences Corporation, and Mercer HR Consulting.