- What’s at Stake: Late or inaccurate filings risk penalties, governance questions and ERISA enforcement exposure.
- Expert Quote: “Paper submissions are the worst approach, creating backlogs and penalties,” says Simple720 CEO Sanju Sriram.
- Supporting Data: About 16 million federal excise tax returns are filed annually; most still not e-filed.
- Source: Bullets generated by AI with editorial review
With the peak corporate compliance season approaching, employers and their advisers are once again preparing for a concentrated stretch of mandatory federal filings. Between March and July, self-insured employers must navigate a series of recurring excise tax and benefits compliance requirements, many of which involve different agencies, deadlines and data sources.
