SimplifyACA

New reporting requirements under Internal Revenue Code (IRC) §6055 and §6056 help the IRS enforce several key provisions of Affordable Care Act (ACA), specifically the employer mandate. Is your payroll vendor and/or insurance broker prepared to help you easily, affordably, and correctly comply with the law? Payroll companies will rely on YOU to gat... her and supply the necessary eligibility and enrollment data. Traditional insurance brokers will rely on YOU to gather and supply the necessary time and attendance data. SimplifyACA is an intuitive, affordable, easy-to-implement system of record backed by a team of ACA compliance experts and designed to empower you to control your ACA reporting destiny. ACA employer reporting is here. Are you ready? ACA employer reporting may impact you. Applicable Large Employers (ALEs) that have an average of 50 full-time employees, including full-time equivalent employees (FTEs), must provide each full-time employee with a completed IRS Form 1095-C by January 31, 2017. Are you required to file? ACA employer reporting is a data collection exercise. There are 26 unique data elements used to complete Form 1095-C for each full-time employee. Do you know where each of these data elements currently resides? If so, how do you plan to merge those data elements into a correctly and timely filed 1095-C for each full-time employee? ACA employer reporting requires a system of record. To correctly prepare and transmit Form 1095-C, payroll providers will rely on you to gather and provide the necessary eligibility and enrollment data for your employees, while traditional insurance brokers will rely on you to gather and provide the necessary time and attendance data. How many different systems and vendors are you prepared to work with?Read More