The Affordable Care Act (ACA) is still with us and a big administrative pain for large restaurants and restaurant chains.
It appears that the IRS is stepping up enforcement actions.
According to reports, they have issued $4.5 billion in penalties to employers for the 2015 tax year alone.
Currently, employers are receiving notices or proposed assessments for 2016 and 2017.
If you are an ALE you required to comply with the ACA rules. An ALE is an Applicable Large Employer. An Applicable Large Employer is any employer who employs a total of 50 employees counting full and part time equivalents. You may also be an ALE if you have a small restaurant but are tied through ownership to other restaurants where combined you all exceed the 50 employee
Kallas monitors all its payroll clients and bookkeeping clients for whether you have exceeded the 50 employee limit but if you have any questions or concerns, you can call George at Kallas.
IMPORTANT: If you are offering insurance to your full time employees (30 hours or more average), make sure you are offering to all full time plus any new hires that will be full time. The IRS has threatened penalties for not offering to all full time.