NOW IS THE TIME TO THINK ABOUT IT

The Affordable Care Act requires that every business with over 50 full-time equivalent employees offer health insurance to its full-time employees and file forms with the IRS and with employees.

The ACA rules a quite complex.  If you own more than one location, you must combine locations for purposes of the 50 employee test.

Yearly testing is required and there are specific rules which define an “offer”.  Rules on how to count full and part-time employees.  Rules on how ownership is determined for multi-location chains.  And legal techniques on how to avoid actually having to buy expensive health insurance for certain employees.

Penalties for non-compliance can be crushing and can run into the 10’s of thousands of dollars.  If you are unsure whether you are liable, call our office to make sure you are on our ACA testing list.

Kallas has provided the filing service and ACA advising service for all its payroll clients since the law was passed.

Be aware, though, that Kallas cannot provide the ACA service unless you use the Kallas payroll service.

If you are using a non-Kallas payroll service and you are liable for ACA, please contact your payroll company now and talk to them about your ACA obligations.

Or, as a better option, Kallas would welcome your payroll business and your ACA obligations would be covered by knowledgeable accountants. 

If you have any questions, call Jordan or George at (313) 962-6000.