Which Form 1094 B Filing 2023-2024

If your business employs fewer than 50 full-time or full-time equivalent employees and the health care plan that is offered to employees is self-insured, it is likely that you will be required to complete forms 1095 B and 1094 B to be in compliance with the Affordable Care Act. - In this lesson, we will walk you through the process of preparing these forms and you will learn about the different options you have to submit them to the IRS and your employees at the end of the year. - After viewing this lesson, you should be able to file your federal 1095 and 1094 B forms. - There are a few steps you should take before printing or submitting your 1095 and 1094 B forms. - First, review the year-end software update notice and install the year-end update. At the end of each year, SAij provides an update that includes changes to the software to accommodate any new reporting requirements for year-end. This notice will arrive by email and will contain details regarding what is changing and instructions on how to download and install it. It should always be done prior to submitting any year-end tax forms. - Next, you will want to make sure that you are up to speed on the reporting requirements for the Affordable Care Act. This will ensure you prepare and submit the correct forms and information to the IRS and your employees. - One of the factors that will help you determine which Affordable Care Act forms you will be required to submit and what information needs to be included on them is to determine the number of full-time and full-time equivalent employees at your company. There is a tool in payroll you can use to determine these counts. - Once you know what your full-time and full-time equivalent...