ACA Compliance: Why It’s Critical for Employers to Stay on Track
ACA Compliance: Why It’s Critical for Employers to Stay on Track ACA Compliance: Why It’s Critical for Employers to Stay on Track For businesses with 50 or more full-time employees, the Affordable Care Act (ACA) mandates a series of reporting and tracking requirements to ensure that employees are offered affordable healthcare coverage. Non-compliance with these rules can lead to hefty fines, penalties, and increased scrutiny from the IRS. This is why ACA compliance should be a top priority for employers. Staying compliant can be complex, especially for businesses with large or fluctuating workforces. Employers are required to track hours worked, monitor employee eligibility for benefits, and report this information to the IRS accurately. Failing to do so can result in a ca...