Even Santa Is Feeling the ACA Reporting Pressure
As businesses across the United States are scrambling to meet new compliance requirements come year end, the rush brought on by the first filing season for Affordable Care Act returns is adding to usual year-end pressures at the North Pole.
That's right, Santa is an Applicable Large Employer.
Right next to the clock ticking down till Christmas Eve, the face of Claus Resources has installed a second clock counting down to February 1, 2016. Santa wants to make sure that, amid the other tasks that his team must mind for their U.S. operations this time of year, preparations keep pace to produce new IRS forms for their employees.