July 23, 2020
I’m trying to reduce the volume of required data in the model. Can we just use a simplified reporting method for employees receiving a 2019 Form W-2 with gross wages of $100k and above? Will the 2019 ACA Form 1095-C monthly checkbox data suffice for FTE calculations?
Posted by Armanino Financial Advisory Team
No, the model does all calculations based on detailed data. Summary data will not work in the spreadsheet. As to ACA data, the ACA defines FTEs differently than the SBA is using for the PPP program, so this is definitely not a correct approach.