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Ditching the Dreaded 1095 Form? What New ACA Legislation Means for Your Business
For years, the annual scramble to file Form 1095 has been a source of stress and complexity for businesses everywhere. But what if we told you there’s a new path forward? Is it too good to be true?
At Innovo Benefits Group, we’re always on top of the latest changes in benefits and HR compliance, and we’ve got some critical news to share. The landscape of ACA reporting is undergoing a significant transformation thanks to new legislation like the Paperwork Burden Reduction Act and the Employer Reporting Improvement Act.
These aren’t just minor tweaks. They represent a major shift in how employers can manage their ACA reporting obligations and even how they can address IRS penalty assessments. This new flexibility could save your business valuable time and resources.
To help you navigate these changes, we recently hosted a crucial compliance update with industry expert Andy Ferguson of BenefitsScape and our own Eric Gulko. We dug into the specifics of these new laws and what they mean for your compliance strategy.
In this essential video, you’ll discover:
- How this new legislation directly impacts your ACA compliance strategy.
- Key considerations for seamless collaboration with your payroll provider during the filing process.
- Best practices for timing, auditing, and testing your data to prevent costly errors.
- Actionable steps to streamline your reporting process and prepare for a more efficient filing season.
Whether you handle compliance in-house or work with third-party vendors, this session is packed with the tools and insights you need to make your next ACA filing season smarter and more efficient.
Watch the full video now to get ahead of the curve and ensure your business is prepared for these critical changes.