Date: Thursday, August 27, 2015
What you don’t know about the new 2015 ACA rules may cost you a bundle!
This information session will highlight three primary problem areas of the ACA and solutions to enable you to address the complexities of complying with this law:
• Large Employer Requirements: the new 2015 ACA healthcare reporting and filing requirements (with a deadline of January 2016 fast approaching).
• Excise Tax: the onerous tax for employers who reimburse employees for purchasing individual health insurance policies.
• Cadillac Tax: an update on the Cadillac Tax scheduled to apply to employer-sponsored plans beginning in 2018.
Large Employer ACA Reporting Requirements – make sure you are fully prepared
Get answers to critical questions about the new ACA Information Reporting Requirements:
• Who must file and report information to the IRS?
• What information must be provided to employees?
• What are the deadlines?
• How can I get this all done?
• What is “noncompliance” and what are the penalties the IRS could impose?
Excise & Cadillac Taxes – the cost to your bottom line could be substantial
Absent additional legislative changes, the excise tax on employers who reimburse employees for the costs of individual health insurance policies is not going away. The same is true for the “Cadillac Tax.” One penalty tax is effective now, except for 2% S corporation shareholders. The other starts in 2018.
Learn why these excise taxes exist and how to avoid them.
• What is the Cadillac Tax and how is it determined?
• What plans will be impacted?
• What’s a plan sponsor to do?
Cherry Bekaert Benefits Consulting
With over a decade of experience in the insurance and financial service industries, Kyle is the Director of Cherry Bekaert Benefits Consulting. As a lead consultant and subject matter expert, Kyle has extensive experience advising clients in the areas of group health and related employee benefit plans to include the impact of the Affordable Care Act (ACA).
Prior to joining Cherry Bekaert, Kyle was Vice President of Elective Benefits at Aon, where he managed the strategy, enrollment and engagement for some of Aon’s most complex clients.
Deborah Walker, CPA
National Director, Compensation & Benefits
Cherry Bekaert LLP
Deborah provides executives and employers guidance on short and long term incentive compensation arrangements, both domestically and internationally; tax controversy issues related to employment taxes and compensation items; qualified retirement plans; health benefits including healthcare reform; and other fringe benefits such as expense reimbursement arrangements concentrating on federal tax consequences and achieving strategic business goals. Recognized as a trusted advisor with more than 35 years of experience, Deborah also advises clients on compensation deductions in mergers and acquisitions; accounting methods for compensation items; financial statement reporting of compensation; and ESOPs.
Who Should Attend
This program is designed for Business Owners, Presidents, CEOs, CFOs, Controllers, Financial Managers and other professionals concerned about how healthcare costs and the ACA will impact the bottom line.
There is no fee for this webinar! Register now! Registration deadline is Tuesday, August 25, 2015.