When Form 1094 B Processing 2022-2023

Instructions and Help about When Form 1094 B Processing

Welcome to our financial edge tax season video series my name is Justin Davidson and today we're going to cover the new ACA form healthcare process these are also known as the 1094 1095 forms these are new for this tax season and they are required for all payroll users we're going to go a little more in depth on this process than we typically do for say our w-2s because the process is new and there's a good amount of data you may still need to collect the very first thing I would do prerequisite wise is review our blog and community if you have not already done so you can find this by going to community blackbaud.com and clicking on our blogs in the financial edge community many of you have likely already seen this but this walks through some of the basic information about the 290 425 process in addition we have our ACA frequently asked questions which will help you understand the different classifications and where you may fall and most importantly at the bottom of this blog you'll see we have an ACA import we have to import files one is for your employee ACA information and the other is for your employees dependents both are required as part of the ACA process so before proceeding with this video and with the steps to actually create your 294 295 I would highly recommend you spend some time looking at this blog information going through the frequently asked questions and becoming a little more familiar with the steps we're gonna proceed as if you've already completed looking through all of these so once you feel comfortable at least with the basic process and with the kind of information we're looking at then you're ready to begin...