Nichols Accounting Nichols Accounting Proactive Tax and Growth Planning in Boise, Nampa, Ontario, Treasure Valley
Boise 208-345-6655 | Nampa 208-442-0188 | Ontario 541-881-1433
Certified Public Accountants
  • About Us
    • Firm History
    • Firm Philosophy
    • Staff
    • Locations
    • Referrals
    • 40 Years
  • Taxes
    • Business Tax Return Preparation
    • Personal Tax Return Preparation
    • State and Local Tax Services
    • Tax Credits
      • Energy Efficient Commercial Buildings Tax Credits
      • Research and Development Tax Credits
      • Small Business Health Care Credit
    • Tax Planning and Consulting
    • Trust, Estate, and Gift Tax
      • Estate & Gift Tax
      • Income Tax on Estates and Trust
  • Consulting
    • Financial Consulting
      • ACA Consulting
      • Bank Financing Assistance
      • Bankruptcy Consulting
      • Business Valuations
      • Cash Flow Forecasting
      • Divorce Consulting
      • Education Funding Planning
      • Employee Benefit Plan Design
      • Enterprise Advisory Planning
      • Estate Planning
      • Family Business Planning
        • Building Effective Family Farm Management Systems
        • Family Business
      • Internal Control Review
      • Litigation Support
      • Merger and Acquisition Assistance
      • Strategic Planning
      • Succession Planning
      • Trends Ratio Analysis
    • Risk Consulting
      • Forensic Accounting
      • Fraud Prevention Training
      • Internal Control Review
    • Talent Management
      • Communication
      • Job Benchmarking
    • Tax Consulting
      • Entity Planning
      • Estate Tax
      • Income Tax
      • IRS Dispute Resolution
      • Tax Planning
  • Financial Statements
    • Agreed Upon Procedures
    • Bankruptcy Accounting and Reorganization Assistance
    • Compiled, Reviewed, and Audited Financial Statements
    • Monthly Prepared CPA Financial Statements
    • Personal Financial Statements
  • Bookkeeping
    • Accounting System Set-Up and Support
    • Bookkeeping
    • General Ledger and Accounting
    • Payroll Services
  • Careers
    • Employment Opportunities
      • Administrative Professional & Para-Professional
      • Client Accounting Services Specialist
      • Human Resource Administrator
      • Senior Accountant
      • Senior Bookkeeper
      • Staff Accountant
      • Administrative Professional
      • Administrative Professional & Para-Professional
    • Firm Culture
      • Fun At Work
      • Giving Back
      • Professional Development
    • Nichols Internships
  • Industries
    • Agriculture
      • Agribusiness
      • Farm and Ranch Operations
      • Timber/Mining
    • Churches
    • Construction and Real Estate
    • Dealerships
    • Manufacturing and Distribution
    • Medical
    • Not for Profit
    • Professional Services
    • Quasi-Municipalities
    • Retail
      • Grocery
      • Restaurants
      • Retail
  • News Center
    • Blog
      • Agribusinessss
      • Estate Planning
      • Family Business
      • Tax Planning
    • Media
    • News Feed
    • Newsletter
    • Useful Links
    • Nichols Life
  • Client Portal
    • Client Documents
    • Payroll Portal
    • File Upload
    • New Client Portal

ACA Consulting

Nichols ACA Offering

Graphic for the Affordable Care ActThe Affordable Care Act (ACA) is complicated, and there are several reporting and filing requirements to comply with if you’re a large employer with 50 or more full-time equivalent employees (FTE). If your FTE count fluctuates above and below 50 FTEs, or you have seasonal or part-time employees, that adds additional complexity to monitoring and management. Understanding your options for health benefit offerings, fines for non-compliance, and reporting requirements, are essential under the new law. The professionals at The Nichols Accounting Group will help you manage the complexity of the ACA with our suite of services, including:

  1. Determining your “large employer” status under the rules of the ACA.  Not sure if you’re a large employer?  We’ll answer that.
  2. Providing ACA advisory service to understand the cost difference between offering benefits or paying the penalty, which is referred to as an “employer shared responsibility payment.”
  3. Tracking employee FTE count throughout the year to project the potential employer shared responsibility penalties.
  4. HR reporting management tools for tracking and compliance.
  5. Preparing and submitting the required information returns (1095-C and 1094-C) to maintain compliance, regardless of whether or not you offer a health benefit plan to employees as a large employer.

Contact us today to learn how we can help take the worry out of ACA compliance.  You’ll know your options and have confidence in knowing that you’re covered.

If you’re a small employer, there are no reporting requirements, but be aware that Medical Employee Reimbursement Plans (MERPs) and other employer health insurance  premium reimbursement arrangements do not comply with ACA regulations and will incur steep fines of $100 per day per employee as of June 30, 2015.  Contact us now to discuss other tax planning options.

Click here to read staff CPA Jennifer Schmerer’s article on The Affordable Care Act and You

Contact Us

Realization Utilization Time Budget

Contact
Phone
Boise 208-345-6655 | Nampa 208-442-0188 | Ontario 541-881-1433
Email
CLIENTCARE@
NICHOLSACCOUNTING.COM
Newsletter
CLICK HERE TO SUBSCRIBE
Recent Tweets from @Nichols_CPA:
  • "As we continue to receive further guidance, we will continue to update our post regarding the Paycheck Protection P… https://t.co/aT5YSLgIRi"
  • "A slight delay, and some tools for the Paycheck Protection Program. https://t.co/kNb8t8D0j6"
Tax and Financial
Tool Center
Blog

Pages

  • Home
  • About Us
  • Financial Statements
  • Bookkeeping
  • Consulting
  • Tax
  • Client Portal

Pages

  • Industries
  • News Center
  • Careers
  • Tax and Financial Tools

News Center

  • Blog
  • News Feed
  • Subscribe

Financial Tools

  • Check Your Refund
  • Tax Due Dates
  • Forms
  • Retention Dates
  • Tax Rates
  • Financial Guides
  • Tax Tips

© 2021 Nichols Accounting. All Rights Reserved.

© 2021 Peppershock Media Productions, LLC.

 The Nichols Accounting Group, PC BBB Business Review Idaho Society of Certified Public Accountants Oregon Society of CPAs CPA USA Association Member of AICPA

Download