As a result of the of the November election, there seems little doubt that the ACA (ObamaCare) as it is known today will go through major changes, if not be completely repealed, under the new administration. However, this will not be an easy process as the program has now been in place for over 4 years. With millions of people on the program, it will take some time to implement a new health insurance program that does not severely disrupt current protections and coverages.photo of man working in office
In the meantime, the Advi$or wants to remind all employers that the ACA is still law and its defined requirements are still in place and enforceable. Specifically, for 2016, employers with 50 or more employees will still be required to provide all employees with a 1095 and file a 1094 with the IRS. (The IRS did just announce an extension of the required filing date for those documents to March 2, 2017.) If we had to guess, we believe it will be a year or 2 before those requirements are changed, if they are.
The Advi$or is sure all Americans, and the business community in particular, look forward to what Congress and the new administration has in mind regarding the ACA and health insurance. However, don’t forget compliance with the current law is still required. We will keep you informed of any change in requirements.

About Time & Pay:

Time & Pay is a professional payroll service provider located in Johnson City, TN. We service businesses of all sizes and types throughout the United States. Founded in 1992, Time & Pay provides businesses with complete payroll services , guaranteed payroll tax compliance, automated time and attendance systems and services, pay-as-you-go worker’s comphuman resource management systems and services, ACA compliance and more. We provide our customers with the cost effective tools you need to better manage your payroll, your employees and your business. Time & Pay’s services guarantee you will save money, time and aggravation and we back them up with the customer service you expect and deserve. Contact Us today to learn why business owners throughout the country are saying:

“Time & Pay! Why would you do payroll and timekeeping any other way?”

Offices:
Payroll Services  in Kingsport, TNBristol, TNJohnson City, TN;   423-854-9042
Payroll Services in  Morristown, Greenville, Knoxville, TN   423-957-9505
Payroll Services in Cleveland, Chattanooga, TN  423-794-7855
Payroll Services in Newport News, VA   757-240-2766