Affordable Care Act (ACA) Reporting Requirements Are Coming…


Is Your Company Ready?

  • The Affordable Care Act requires an accumulation of significant monthly information to report health care coverage provided to full-time employees for those employers with either of the following:
    • 50 or more full-time equivalent (FTEs) employees –determination is based on specific hours criteria
    • Companies whose health insurance coverage is through a self-insured plan (regardless of # of FTEs)
  • This monthly information will need to be reported on various annual  information tax returns (new Forms 1095-C) required to be distributed to each full-time employee in January 2016 (for 2015) and are required to be filed with the government by the end of February 2016.
  • Consult with your health insurance carrier to understand your responsibilities as an employer.
  • Consider reviewing the government website related to this at
  • We strongly encourage you to START NOW accumulating this significant information about your employees’ coverage (and about their dependents if self-insured plan) that will be needed soon for these new reporting requirements.
  • Feel free to contact your accountant/advisor at PKS for assistance if you have further questions.

Susan P. Kespken, CPA, is a Partner at PKS & Co., P.A., Certified Public Accountants, with offices in Salisbury, Ocean City and Lewes, providing audit, accounting, tax, retirement plan administration and personal and business financial planning services. Visit or call 1-800-274-2564.

Get Updates From PKS & Company, P.A.

Enter your email address to get our monthly newsletter and important updates regarding financial advice, tax code changes and more. 



Emilee N. Snader - CPA


How Fast Can You Write off a Business Vehicle?

The federal income tax rules for depreciating vehicles used for business are complicated. And different rules apply to different categories of vehicle
Read Full Article

Jean R. Webster - CPA, CPP


Keeping Payroll Data Confidential

Confidentiality in payroll matters is routine, expected and often legally mandated. But that doesn't mean confidentiality problems can't occasionall
Read Full Article

Michael C. Kleger, CPA


Rising Premiums Pose Challenges to Contractors

With the economy showing signs of inflationary pressure, controlling costs is an increasingly important priority for many construction businesses. A
Read Full Article