About The Event: The webinar on the 2024 ACA Reporting Season for the 2023 Calendar Year emphasized the importance of correctly identifying the filing year and understanding the reporting requirements. A key point discussed was that forms filed in 2024, such as personal income tax returns, pertain to the previous year, in this case, the 2023 calendar year.
The webinar focused on the reporting obligations of applicable large employers, defined as those with 50 or more full-time employees in the preceding calendar year. Therefore, to determine if an employer is an applicable large employer for the 2023 forms (filed in 2024), it is necessary to assess if they had 50 or more full-time employees in 2022. This highlights the need to consider multiple years when addressing ACA reporting requirements.
