Managing ACA IRS filings ft. Matt Scott

Business of Health with Mike Martens

How long does the IRS notify companies about possible penalties? ETC Companies Director of Sales Matt Scott knows the timeline and the exact ways to prevent and reduce them.

Serving clients in Houston, Texas and beyond, ETC Companies assists employers in their ACA IRS filing. While the IRS’ response can lead up to two years from the filing date, every information that a company provides is crucial. Matt stresses the importance of data and indicator codes. These will determine whether or not the company has complied with their provisions.

To prevent or reduce penalties, the business has to be specific in their reports. They also need to archive their company records because these can be the best defense against miscalculated penalties. Matt shares more of the process in this episode.
Resources:
ETC Companies: www.eligibilitytrackingcalculators.com

Email: [e-mail]

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Visit First Staff Benefits’ Official Website: www.firststaffbenefits.com
In This Episode

0:00 Introduction

1:50 Two Equal Aspects to ACA Compliance

2:36 IRS Reporting

4:00 Timing of Penalties

8:10 Time Period of Potential Issues

10:28 Reducing Penalties

12:10 Role of ACA

14:51 Understanding ACA

16:17 Benefits of an Excellent Team

19:22 Prospecting Tool

22:12 Connect with Matt

22:58 Get To Know More About Matt

Chapter

1. Introduction (00:00:00)

2. Two Equal Aspects to ACA Compliance (00:01:50)

3. IRS Reporting (00:02:36)

4. Timing of Penalties (00:04:00)

5. Time Period of Potential Issues (00:08:10)

6. Reducing Penalties (00:10:28)

7. Role of ACA (00:12:10)

8. Understanding ACA (00:14:51)

9. Benefits of an Excellent Team (00:16:17)

10. Prospecting Tool (00:19:22)

11. Connect with Matt (00:22:12)

12. Get To Know More About Matt (00:22:58)