Effective 2015, employers with 50 or more full-time (or combination of part-time and full-time equivalent) employees will be subject to the Employer Shared Responsibility provisions.
Employers will be required to track information pertaining to employee and dependent coverage by month and the number of full-time employees for reporting purposes.
As it stands right now, Sage Software is on a schedule to release Product Updates for Sage 100 ERP Versions 4.50 and higher ONLY. In order to facilitate this ACA reporting, you will need to ensure that “Retain Perpetual History” is enabled in your Payroll Options (Payroll > Setup > Payroll Options)
There will be new reports available with the product updates to help you with meeting the reporting requirements.
For additional information on Affordable Care Act.
- Affordable Care Act Forms & Publications – http://apps.irs.gov/app/picklist/list/formsPublications.html;jsessionid=wnTA0JKEV3NM41PWQomL9g__?value=1095&criteria=formNumber&submitSearch=Find
- Affordable Care Act Tax Provisions – http://www.irs.gov/Affordable-Care-Act/Affordable-Care-Act-Tax-Provisions
- Reporting Questions & Answers – http://www.irs.gov/Affordable-Care-Act/Employers/Questions-and-Answers-on-Reporting-of-Offers-of-Health-Insurance-Coverage-by-Employers-Section-6056
If you have questions, please contact Mary Hildinger at 260.423.2414 or 800.232.8913.