Next, calculate your total full time equivalent employees by adding up the hours of all part time employees for the month, making sure not to include more than 120 hours of service per employee.
Then, take this sum and divide it by 120 to get your full time equivalent count.
Finally, add your full time employee count to your full time equivalent count to determine whether you may need to file ACA forms.
IMPORTANT: Make sure to add together your full time + full time equivalent employee counts for all companies that share common ownership.
Example:
Company A has 30 full time + FTE employees.
Company B has 25 full time + FTE employees.
