- Manual Reporting: Manually gathering data from different departments (payroll, HR, etc.) and then filling out forms can lead to errors and inconsistencies. Without automation, this process becomes overwhelming and prone to mistakes.
- Changing Regulations: The ACA regulations are constantly evolving. Keeping up with the latest updates can be difficult, but failing to do so could result in costly penalties or missed deadlines.
- Inaccurate Data: Data integrity is critical. Inaccurate reporting can result in fines, audit risks, and increased scrutiny from the IRS.
- Automated Reporting: ACA-Track automates the entire ACA reporting process. The system pulls data from your existing payroll and HR systems, processes it for accuracy, and generates all the required forms, including Form 1094-C and Form 1095-C. This eliminates the need for manual calculations and reduces the chance of errors.
- Real-Time Data Monitoring: With ACA-Track, employers can monitor employee hours and eligibility in real-time. The system alerts you when an employee reaches the 30-hour threshold for ACA health plan eligibility, so you can take timely action and avoid penalties.
- Comprehensive Error Checking: ACA-Track performs automatic error checks on all data, ensuring that you never submit incomplete or incorrect information. If any discrepancies are detected, the system alerts you, allowing you to resolve the issue before submission.
- IRS Error Correction Support: If the IRS flags any of your reports for errors, ACA-Track will assist you with the correction process. The software provides error notifications and allows you to make adjustments directly within the system, ensuring your reports are accurate before resubmitting them.
- Training and Resources: ACA-Track offers training to ensure that your team is fully equipped to navigate the software and stay on top of ACA compliance requirements. The platform is user-friendly, and the training ensures that everyone involved in the process is familiar with its features.
- Proactive Alerts: ACA-Track’s real-time monitoring and alert system ensures that you stay ahead of compliance deadlines. You’ll receive notifications about critical employee events, such as eligibility changes or the need for a benefits waiver.
- Seamless Integration: ACA-Track integrates with your existing payroll and HRIS systems, so there is no need to overhaul your current operations.
- Comprehensive Compliance: From variable hour tracking to 1094 and 1095-C reporting, ACA-Track covers all aspects of ACA compliance, ensuring nothing is overlooked.
- Reliability: ACA-Track has a proven track record of successfully helping clients avoid ACA penalties, with no clients having ever received an ACA-related penalty letter.
Streamline ACA Reporting with ACA-Track’s Automated Solution
ACA compliance reporting can be time-consuming and complex, especially when trying to track multiple employees and ensure that every data point is accurate. Businesses that fail to comply with ACA requirements risk penalties that can be costly and damaging. Fortunately, ACA-Track offers an automated solution that simplifies the reporting process, ensures compliance, and saves time and resources for employers. By using ACA-Track, employers can ensure they meet ACA requirements without the stress of manual reporting.
The Burden of ACA Compliance Reporting
Compliance with the ACA requires accurate tracking of hours worked, health plan eligibility, and a variety of other data points. The IRS requires businesses to submit detailed forms, such as Form 1094-C and Form 1095-C, to report health coverage for full-time employees. This process involves considerable time and attention to detail, particularly for large organizations or those with complex employee structures. Common challenges include:
How ACA-Track Can Help You Stay on Top of ACA Compliance
ACA-Track is designed to address all these challenges and more. It offers a full-service tracking and reporting solution that automates the most complex parts of ACA compliance.
Dedicated Support for Peace of Mind
One of the greatest benefits of ACA-Track is the personalized support that comes with it. Every ACA-Track client is assigned a dedicated account manager who is available to assist with any compliance or reporting issues. Whether you need help understanding a specific ACA regulation or require assistance with error remediation, your account manager is just a phone call or email away.
In addition to your dedicated account manager, ACA-Track also offers:
The Cost-Effectiveness of ACA-Track
Many businesses shy away from ACA compliance tools due to concerns about cost. However, ACA-Track offers flexible pricing that fits businesses of all sizes. With ACA-Track, you’re not just investing in software; you’re investing in peace of mind and avoiding potentially costly ACA penalties. By automating key aspects of compliance, ACA-Track helps you save both time and money, while ensuring that you stay fully compliant with ACA regulations.
Why Choose ACA-Track?
ACA-Track stands out in the crowded ACA compliance software market for several reasons:
Get Started with ACA-Track Today
If you want to streamline your ACA reporting process and reduce the risk of penalties, ACA-Track is the solution for you. With its automated compliance tracking, real-time monitoring, and dedicated support, ACA-Track makes ACA compliance easier than ever before. Contact us today to learn more about how ACA-Track can help your business stay compliant, save time, and avoid costly penalties.
