SOURCE: ADP

ADP

August 16, 2016 09:00 ET

Media Alert: ACA Best Practices Webcast on Avoiding IRS Penalties: Why Acting Now Can Save You Penalty Dollars Later

ROSELAND, NJ--(Marketwired - Aug 16, 2016) -  Has your business received a "Marketplace Notice?" Do you know what it is, why you've received it and what you should do next?

A Marketplace Notice is generated by the Marketplace or the U.S. Department of Health and Human Services whenever an employee applies for and receives a premium tax credit or a direct subsidy to help them pay for health care coverage from state or federal marketplaces. The notice gives the employer a chance to appeal the premium tax credit. 

Receiving a Marketplace Notice can lead to paperwork and alert you to potential fines depending on the health coverage offered to your full-time employees. Understanding the implications of receiving a notice can help you prepare to manage the situation in the most efficient and cost-effective way possible. Acting now may save your business the expense of penalties later!

ADP is offering three webcasts targeted at HR leaders, finance leaders, and accountants. Participants will learn:

  • What is a Marketplace Notice?
  • Who is sending these notices?
  • When will you receive them?
  • Should you respond -- and how?
  • What is the potential impact to your employees?
  • What are the potential IRS penalties for failure to file and for Employer Shared Responsibility?
  • What is the latest IRS information on penalty relief?
  • What are some tips for responding to penalty notices and what documents do you need to retain?
  • How is 2015 different than 2016?

Two free, hour-long webcasts -- for HR leaders and finance leaders -- will be conducted at 11 a.m. and 3 p.m. EDT on Thursday, September 1, and will be led by Robyn Crosson, compliance executive for the ACA Center of Excellence and Compliance at ADP®, and Alison Duronslet, agency relations analyst for ADP.

A third, free hour-long webcast will take place at 1 p.m. EDT for accountants, and will offer CPE credit.

About ADP (NASDAQ: ADP)
Powerful technology plus a human touch. Companies of all types and sizes around the world rely on ADP's cloud software and expert insights to help unlock the potential of their people. HR. Talent. Benefits. Payroll. Compliance. Working together to build a better workforce. For more information, visit ADP.com.

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