In December 2018, the Internal Revenue Service released Notice 2018-99 that detailed how the IRS planned to implement the part of the Tax Cuts and Jobs Act relating to “qualified parking” benefits to employees. The tax applies to employer-provided parking expenses...
In May 2014, the Financial Accounting Standards Board (FASB) issued ASU No. 2014-19, Revenue from Contracts with Customers (“the standard”). The standard is effective for annual reporting periods beginning after December 15, 2018. This means January 1, 2019 for...
For years beginning after December 15, 2017, all nonprofits are required to present their expenses by both their natural and functional classifications in one location. This article, What You Need to Know About the New Expense Reporting Requirements , covers the...
In May 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2014-09 – Revenue from Contracts with Customers (Topic 606), which attempts to clarify the principles for recognizing revenue. Although the ASU was issued in...
With the upcoming implementation of the new FASB Accounting Standards Update 2016-14 (the standard) there will be changes occurring with the disclosures regarding board-designated net assets. For starters, board-designated net assets are net assets without donor...
In February 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2016-02 – Leases (Topic 842) which provided a new model for lease accounting aimed to improve transparency and comparability across entities. Although the ASU...
Form 1094 & 1095 preparation (1095-B or 1095 C forms)
Self-insured or fully insured Form 1095-C code determination
Draft PDF copies sent to you for approval prior to e-filing
Electronic filing with IRS
Easy to use three-step process with minimal data entry
CPA prepared quality control check
Tech support – data collection process
Dedicated ACA specialist to assist you from start to finish
PDF delivery of employer form via email or secure portal
1095 forms will be mailed to each employee: To any location in the U.S. A PDF file of all 1095 forms will be provided to the employer for your records.