The biggest change in payroll since Social Security is about to hit your dealership. The new Employer Mandate under the national Affordable Care Act (ACA) goes into effect this year. That means in 2016 you must submit the first reports to the IRS proving that you’ve offered health coverage to all employees and their dependents working over 30 hours a week during the 2015 calendar year, or pay stiff penalties.
Yes, this is a huge change that could be costly for your dealership if not implemented correctly. And yes, it will require time and work on the part of your payroll staff. But you don’t have to go it alone. Read on for more information about the requirements, how we’re enhancing our dealer management system (DMS) to make compliance easier, and suggested best practices for a smoother year-end. Also, don’t miss our free ACA training webinar on Thursday, November 12 from 11 am - 12 pm MST. Click here to register.