Ready for the ACA employer mandate? iSolved will help!

CHARLOTTE, N.C., Jan. 7, 2015 /PRNewswire/ -- The Affordable Care Act's (ACA) employer mandate requires businesses with over 50 full-time equivalent (FTE) employees to provide health insurance or pay a penalty (employer shared responsibility payment) on federal tax returns. Small businesses with 50-99 FTEs will need to start insuring workers by 2016. Those with 100 or more must begin providing health benefits to at least 70% of their FTEs by 2015 and 95% by 2016.

The employers will use information about their number of employees and hours of service during 2014 to determine whether they are considered an applicable large employer (ALE) for 2015. Health care tax credits have been retroactively available to small businesses with 25 or less full-time equivalent employees since 2010.

Employers need to become familiar now with the terms, forms, deadlines and criteria as compliance becomes compulsory. The U.S. Treasury Department has published a brief, three-page summary called, Final Regulations Implementing Employer Shared Responsibility Under the Affordable Care Act (ACA) for 2015. Details can be obtained from such resources as the IRS online section named Questions and Answers on Employer Shared Responsibility Provisions Under the Affordable Care Act,  which current has over 50 queries and responses.

iSolved, Infinisource's cloud-based Human Capital Management technology solution, helps employers manage the employer mandate and other provisions of the ACA. In addition to tracking and storing vital data and producing detailed reports, iSolved is supported by the Infinisource team of experts, who have kept up with every detail of the ACA compliance requirements.

Visit www.infinisource.com to learn more about how iSolved is transforming the way organizations manage their most important asset - their people.

About Infinisource, Inc.
Founded in 1986, Infinisource is a nationally recognized leader of SaaS-based Human Capital Management technology solutions and expert services. Infinisource offers iSolved (a single platform for HR, Payroll, Time and Attendance and Benefits Enrollment) as well as administration for COBRA, Flexible Spending Accounts, Health Savings Accounts and Health Reimbursement Arrangements. With more than 4,000 broker relationships and 63,000 employer customers, Infinisource delivers transformational human capital management technology.

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SOURCE Infinisource, Inc.