The Affordable Care Act
The Affordable Care Act (ACA) was enacted in 2010 and mandates health insurance reforms that impact small businesses. This section is dedicated to providing PaySmart clients with our current understanding of some of the key points of the ACA and how they may affect your business’ payroll reporting requirements.
This legislation’s rules and regulations change often so PaySmart recommends you discuss ACA provisions with your accountant, attorney, or HR rep.
When it comes to payroll and the ACA, there are two main questions that employers have to answer.
Are You A Controlled Group?
What Size Employer Are You?