ACA Compliance Software and Reporting Solution
This post is for Applicable Large Employers (ALEs) required to comply with the Affordable Care Act. We hope you find it useful.
As we move past ACA filing deadlines, many ALEs are running behind. If you are late filing, our ACA Software or Reporting Solution can help.
ACA Full Service is the easiest option – just provide a spreadsheet with employee data, and we do the rest. Or, our ACA Software helps you easily upload and enter the necessary data for filing.
Passport Software provides optional proxy submission for our software users. We also provide penalty relief consultation services, and have helped many companies avoid, or drastically reduce penalties.
2020 Tax Year Deadlines
Regarding ACA compliance February 28th, 2021 was the deadline to paper file forms 1094-C and 1095-C with the IRS. March 2nd, 2021 was the extended deadline to furnish the 1095-C forms to employees.
March 31 was the deadline for electronically filing Forms 1094-C and 1095-C (250+ total form count).
Form 720 is due from companies with self-insured plans by July 31st. Failure to file 1094-C and 1095-C forms by August 1st could be subject to penalties and may result in fines doubling for each return not yet filed.
Make sure to accurately track employee data for any given tax year for which you have not already filed. Consolidate and validate your employee data and offers of coverage information.
Once you have aggregated your data, we can help. You can turn the entire filing process over to us with our Full Service option. Or, we can help walk you through how to set up and utilize our ACA Software for tracking and reporting.
We can answer any questions you may have about the ACA in general, and we provide penalty relief consultation. Our US-based support is friendly, knowledgeable and experienced.
Recently a company that received a penalty notification for failing to file contacted us with questions about our Full Service ACA Reporting Solution.
We filed for them, and they remarked about our Full Service option, “It’s just so easy.” We also helped them to drastically reduce their penalties. And, we are helping to ensure they will remain compliant going forward.
Other companies have come to us in order to correct information that was accidentally misreported, or for late filing, and we have received many great reviews about our ACA Software and Reporting Services:
“We are thrilled with the decision we made to use the Passport Software for our ACA compliance…It is super easy of use and a real time saver.”
Ease the Burden of Compliance
Many folks tasked with the responsibility of tracking and filing are busy HR managers who are already overwhelmed with various workplace duties.
HR managers are relied upon for many varying tasks, and managing ACA compliance data can sometimes feel like a burdensome chore.
Whether you are a company owner, accountant, or HR professional, managing compliance data and filing are important duties that can require a lot of detailed work, including monitoring offers of coverage and tracking full and part-time status on a monthly basis.
Making sure to aggregate the correct data, remain compliant year-round, and file correctly are crucial to avoiding potentially steep penalties.
Food Service Operations
Passport Software’s Food Service Payroll and ACA Software was designed specifically for restaurants and food service operations. On-premise payroll software may provide ongoing ROI due to cost savings on an outside payroll service.
Track direct and indirect tips, streamline payroll processing, manage different pay rates for employees performing multiple duties, print your own checks, and enable direct deposit. This software integrates with many restaurant POS systems.
Update as of 11/10/21 – The filing deadlines for the 2021 tax year are:
– January 31, 2022: Deadline to provide employees their 1095-C forms
– February 28, 2022: Deadline for paper filing
– March 31, 2022: Deadline to e-file
If you are manually tracking and too many ACA compliance management details begin to accumulate, your spreadsheet data may fall behind. If the deadline to make an offer to someone has come and gone and an IRS penalty has been incurred, we can help with penalty response support.