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Have a Handle on ACA Compliance? Let ACA Vitals Decide - The ACA Times If so, this could be a substantial change to payroll systems and annual W-2 tax statements.

However, it is likely that employers will need to report details related to such deferrals, such as wages paid during the deferral period, and perhaps amounts deferred, on Forms W-2 and 941. As of mid-August, several elements remain unknown pending IRS guidance. 8, 2020, President Trump signed a Memorandum on Deferring Payroll Tax Obligations, to permit deferral of employee Social Security taxes on wages paid from September 1 through the end of 2020. So depending on where you got your health insurance in 2020, your form may have arrived in January, February, or March.

While our technology handles your data, an expert dedicated ACA specialist manages the entire compliance process for you. We take care of ongoing monthly monitoring so you know exactly when offers of coverage are required and handle both state and federal filings. Our ACA Complete℠ solution delivers everything you need to track, prepare, furnish, file, report, and defend your ACA compliance. The Employee Retention Tax Credit is a refundable credit that businesses can now claim on qualified wages, including specific health insurance costs paid to employees. Eligible employers who have retained employees during the COVID-19 pandemic can claim Employee Retention Tax Credit through December 31, 2021. The Employee Retention Credit is extended under the recently passed American Rescue Plan Act and previously under the Consolidated Appropriations Act of 2021. What Employers Need to Know About the 20-C Codes.

What Employers Need to Know About the 20-C Codes - The ACA Times