Passport Software Helps with Late Filing
Hello again,
This post is for Applicable Large Employers (ALEs) required to comply with the Affordable Care Act. We hope you find it useful.
If your company is late ACA filing, we can help you prepare data and streamline reporting even if you are past the deadline. For the 2024 tax year, the 2025 reporting deadlines were March 3rd for furnishing 1095-Cs to employees, March 31st for electronic filing, and February 28th for paper filing.
Simplify and Comply
Non-compliance with the Affordable Care Act can result in costly penalties for Applicable Large Employers. It’s important to understand the details required for successful compliance management year-round, as mistakes can be expensive.
Business owners, human resources professionals, and administrative staff often manage and maintain compliance with a variety of regulations.
While navigating a fast-paced environment, ensuring the accuracy of compliance management data and timely filing can be stressful. Many of our ACA customers describe compliance management as a “hassle” before they found us.
Work-related overwhelm can result in errors in tracking and submission. The appropriate technology with excellent support can facilitate an efficient and accurate compliance management system.
Designating a specific ACA compliance manager can also be helpful, as having multiple employees involved can heighten the risk of compliance errors. These mistakes could include missing or incorrect information, inaccuracies in coverage offers, and filing errors.
Simplify Data Tracking
Passport Software’s ACA software and services enable you to monitor compliance throughout the year, and our Full Service option is the easiest – just provide a spreadsheet, and we do the rest, including filing.
We’ll help you avoid data discrepancy between 1094/1095 C forms, eliminate code combination errors, and prevent compliance errors.
Passport Software has a simple employee import for basic information, such as name, address, SSN, etc., compared to other ACA management providers who require a massive, 150+ column import spreadsheet of employee data with thousands of cells.
Our comprehensive IRS-certified ACA software provides much more than just forms. It helps alleviate the overwhelm of managing data year-round and simplifies filing. The software provides status update reports alerting when offers of coverage are needed and if the coverage is affordable under IRS criteria.
Ongoing Compliance Management
Many ACA software solutions are basic and tailored for end-of-year filing only. Our software streamlines both filing and compliance management year-round. Submitting Forms 1094-C and 1095-C with incorrect or incomplete information can result in steep penalties.
Our ACA compliance software provides automated 1094/1095 filing, and we are also IRS-approved for proxy submission on behalf of our customers.
The Affordable Care Act stipulates that employers must ensure health coverage is affordable for qualifying employees. Many ACA software solutions lack the capability to ensure affordability or monitor part-time employees trending towards full-time.
Without real-time reporting, companies may be unaware of non-compliance issues and may be forced to respond to the IRS after penalties have been levied.
Responding to IRS penalty notifications can be time consuming and Passport Software provides penalty response consultation services. We’ve helped many companies avoid or drastically reduce penalties.
Passport Software
Forms-only solutions provide only year-end reporting, however our ACA software and services provide ongoing tracking and monitoring. If you are doing most of the work on behalf of your costly payroll provider or manually tracking, we can help:
– Affordability over an outside payroll service
– Ease compared to using a spreadsheet for data management
– Accurate and easy data management and filing
– Year-round compliance management vs. a forms-only solution
– Excellent support and customer service
We help you simplify and comply year-round to avoid costly penalties, prevent errors, and avoid the stress of last-minute submissions.
Passport Software can help with late filing, and our friendly experts can answer any ACA-related questions you may have.
We also provide penalty response consultation and have helped many companies avoid, or drastically reduce, penalties.
To learn more about how our ACA software and services can ease the burden of compliance, call 800-969-7900. Or, contact us – we are here to help.