ACA Compliance in the M&A Environment
There is no shortage of ways that the Affordable Care Act (ACA) has impacted the legal landscape for employers of all sizes. ACA compliance is riddled with possible penalties and warrants an even greater consideration for organizations involved in or that are considering a merger or an acquisition (M&A). Why? When it comes to complying with ACA in the M&A environment, your organization is just one part of the equation. Each organization involved must collaborate and practice extra care to make sure you collectively have all your ducks in a row.
As the industry leader in ACA compliance solutions, Equifax has experience helping companies manage the complexities that come along with M&As, such as:
- Accessing and integrating data from different companies, departments, and systems to complete Forms 1095 and 1094
- Understanding how to report for each Applicable Large Employer (ALE) Member on the 1094 transmittal to the IRS
- Configuring our ACA Management Platform to align with the business decisions your team makes around employee designations, affordability safe harbors, measurement methods, and measurement periods
Throughout the process of onboarding clients, we have noticed 10 common challenges that are preventing employers from meeting reporting deadlines and maintaining ACA compliance. These challenges have often proven to be more severe for clients that are going through or have just completed the M&A process. We’ve put together an ACA challenge checklist to help organizations plan necessary activities and anticipate any related issues that may arise. This checklist can be used both before and after the transaction to help employers manage ACA compliance efforts and avoid unpleasant surprises.
Download our guide to find out the top 10 ACA compliance challenges that organizations face in 2016.
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