BTerrell Group Blog

ACA relaxes Form 1095-C distribution deadline

Posted by Brian Terrell on Tue, Dec 29, 2015

Yesterday afternoon, the IRS issued Notice 2016-4, which provides unexpected relief to employers distributing those soon to be well-known Form 1095-C information returns to employees. This late Christmas present will be well received by every employer struggling with system update and information gathering challenges. Applicable Large Employers (‘ALE’) and insurance companies now have nearly two additional months to get forms in the mail to employees. This additional time applies not only to Form 1095-C but also to Forms 1094-B, 1094-C, and 1095-B. Who said there wasn’t a Santa Claus?

If you are an Intacct end user struggling with ACA compliance or just want more information on fully integrated HRMS and Payroll for Intacct, please contact BTerrell Group. We're ready to discuss the incredible return on investment and decreased total cost of ownership offered by SaaS finance, accounting and HR applications!

By Brian Terrell of BTerrell Group, LLP, Intacct and Sage ERP & CRM provider based in Dallas.

Tags: HR software, ACA, HR, hrms, Intacct, taxes, IRS, technology ready for ACA, SMB HR, ACA compliance,

Why SMBs Should Consider HR Outsourcing Now More Than Ever

Posted by Brian Terrell on Thu, Oct 02, 2014

As owners of small and medium sized businesses, we know that our human resources are our biggest asset and our largest expense. We constantly recruit, retain, manage, and grow our workforce. That cycle not only comes with a cost, but also a risk if we don’t have the systems and processes in place to handle the mounting complexities. As new workforce legislation, such as the Affordable Care Act, take effect, staying on top of policies and procedures will become even more important for HR compliance.

I ran across an article recently from Forbes suggesting that startup organizations benefit from HR Outsourcing. The article states, “Your in-house startup team needs to focus on developing your products and service, creating partnerships, and earning revenue. Your internal resources should be focused on your core competencies.” While the article speaks to startups, I feel it directly correlates to SMBs as well. Many SMBs don’t have a full-time employee to research new compliance rules and manage HR processes so the burden often falls to the owner. Unfortunately, when a SMB owner spends his/her time on HR tasks, revenue-driven activities become secondary, ultimately affecting the bottom line. In addition, the administrative burden can be heavy, details are easily overlooked, and costly mistakes are possible as a result of continual regulatory and workforce changes.

Companies that outsource their HR functions actually free up time to concentrate on their core competencies, improve compliance/minimize risk, reduce costs, and improve recruitment. In most cases, when you can streamline processes to improve your bottom line, maintain employee satisfaction, and redirect your focus back to revenue-generating activities, you’ve made a sound decision. Now, more than ever, is the time to consider HR Outsourcing! If you would like to discuss the pros and cons of HR Outsourcing as they relate to your business, contact us for a free consultation.

HR Outsourcing

Tags: HR, HR Outsourcing, SMB HR, small business HR, medium size business HR