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MZQ specializes in ACA Reporting to provide our clients with the highest possible level of service. Our concierge model of client service ensures you have an outstanding experience. In fact, not one of our ACA reporting clients have ever received an unanticipated employer mandate penalty! We call it the MZQ Advantage.
Our Full Service IRS Reporting Package will help you calculate, define, and report the necessary data. At every step of the way this process is monitored by our compliance experts to make sure that it is done right. Save time, focus on what your organization does best, and relax, knowing that your reporting is in good hands.
A dedicated ACA Reporting Specialist welcomes you to MZQ.
Your ACA Reporting Specialist will have an Intake Call with you to gather basic information about your health plan(s).
We’ll provide you with a detailed letter to confirm the information about your company and your plan(s).
At the end of the year, your ACA Reporting Specialist will collect data about your employees and your health care coverage.
You will receive a preview of the Forms 1095-C for your review and approval.
We print and mail the Forms 1095-C to your employees prior to the mailing deadline.
We e-file your final Forms 1095-C and Form 1094-C with the IRS prior to the e-filing deadline.
We provide final confirmation of e-filing and any pertinent information received back from the IRS.
Identifying Full-Time Employees is an important and sometimes complicated process, but necessary to determine which employees must be offered benefits. Under the Affordable Care Act, employers must provide offers of coverage to employees who work an average of 30 hours per week. For employers with variable-hour employees, identifying who should receive offers of coverage can be difficult.
Beginning on January 1, 2019 the Individual Mandate provision of the Affordable Care Act (ACA) was reduced to $0. In response to this, the State of New Jersey has enacted its own Individual Mandate beginning in 2019 which mimics the ACA’s Individual Mandate prior to it being reduced to $0. From an employer’s perspective, the New Jersey Individual Mandate has created additional reporting requirements in Q1 2020 for employers who have employees who reside in New Jersey.
What does this mean for me?
First, any employer who withholds or remits New Jersey Gross Income Tax for New Jersey residents will have to file with the State of New Jersey if it is an Applicable Large Employer (ALE). This also means that any out-of-state employers that withhold and remit NJ Gross Income Tax for NJ residents have the same filing requirements as businesses located in NJ. The State plans for employers to submit the Forms 1094-C and 1095-C using the same electronic system it uses for filing the W-2 forms with the State. Furthermore, all employers who complete a Form 1095-C for a New Jersey resident will have to provide it to the State of New Jersey.
Affordable Care Act (ACA) Compliance is both dynamic and complex - and failing to stay up-to-date can have significant consequences for your business. Our team of recognized ACA experts publishes regular articles and updates on ACA Strategy, Compliance and Reporting, so you can make sense of what's happening, stay ahead of potential legislative or administrative changes and ensure that you have the optimal strategy in place for your company.
Check out our recent articles on ACA Reporting, Compliance and more below.
MZQ's ACA Reporting Experts break down the dreaded IRS 226-J letter: what it is, why you might get one and how to respond if you do.
Easier access to exchange-based premium tax credit subsidies means employers need to think about their liability & risk tolerance.Read More