ACA compliance can be a major challenge for businesses, but it doesn’t have to be. By automating the most complex and time-consuming tasks, ACA-Track helps businesses stay on top of ACA requirements while saving valuable time and reducing the risk of penalties. Whether your company is just starting out or you’re managing a large workforce, ACA-Track offers the tools and support you need to ensure ACA compliance is streamlined and stress-free.
The Complexity of ACA Compliance
As a business, you must stay on top of a range of ACA requirements: tracking employee hours, determining eligibility, offering affordable healthcare, and submitting detailed IRS reports. These tasks can be overwhelming, especially when you’re dealing with different employee classifications (e.g., full-time, part-time, variable-hour workers). Furthermore, even a small mistake can lead to fines or penalties. ACA-Track simplifies these tasks and eliminates the risks associated with manual tracking, providing a comprehensive and automated solution to keep your business compliant.
How ACA-Track Streamlines Compliance
ACA-Track offers a robust, automated platform that ensures your business meets all ACA compliance requirements. Here’s how ACA-Track makes compliance easier:
- Integrated Data Collection: ACA-Track integrates directly with your payroll and timekeeping systems, automatically pulling in employee hours, benefits data, and other necessary information. This reduces the need for manual data entry, ensuring that your data is accurate and up-to-date.
- Real-Time Eligibility Tracking: ACA-Track automatically tracks eligibility for health coverage based on hours worked, and sends alerts when employees exceed eligibility thresholds. This allows you to offer coverage promptly and reduces the risk of non-compliance.
- Automated IRS Reporting: ACA-Track generates the required IRS 1095-C and 1094-C forms, applies the appropriate codes, and submits the forms directly to the IRS. This eliminates the hassle of manual reporting and ensures your business meets all filing deadlines.
Key Features of ACA-Track
ACA-Track includes several powerful features designed to make ACA compliance as simple and efficient as possible:
- Customizable Dashboards: ACA-Track offers a customizable dashboard where you can view your compliance status, track employee hours, monitor eligibility, and check the status of IRS submissions—all from one central location.
- Proactive Alerts: ACA-Track sends real-time alerts to notify you of important compliance events, such as when an employee exceeds eligibility thresholds or if there are discrepancies in your data. These proactive notifications allow you to address issues before they escalate.
- Advanced Data Validation: The platform automatically checks your compliance data for errors or missing information. This helps to ensure that your IRS forms are accurate and compliant, reducing the risk of fines and penalties.
- Audit-Ready Reports: ACA-Track stores all your compliance data securely and allows you to generate audit-ready reports at any time. Whether for an IRS audit or a healthcare exchange request, ACA-Track ensures that you’re always prepared with organized and accessible data.
Why ACA-Track Is the Right Solution for Your Business
ACA-Track is the perfect solution for businesses looking to simplify ACA compliance. Here’s why:
- Automation Saves Time: By automating compliance tasks like data collection, eligibility tracking, and reporting, ACA-Track saves your HR and payroll teams hours of work, freeing them up to focus on other important responsibilities.
- Scalability: Whether you have a small team or a large organization, ACA-Track is scalable to fit your needs. The platform adapts to your workforce size, ensuring your business remains compliant as it grows.
- Cost-Effective: ACA-Track eliminates the need for additional resources to manage ACA compliance. By automating the process, you can save money on administrative costs while avoiding the penalties associated with non-compliance.
- Expert Support: ACA-Track offers dedicated support from a Client Success Manager who will help guide you through the compliance process, troubleshoot any issues, and ensure that you remain on track with ACA regulations.
Protect Your Business from ACA Penalties
ACA penalties for non-compliance can be steep, but ACA-Track helps protect your business by ensuring that all compliance tasks are completed on time and accurately. By automating eligibility tracking, IRS reporting, and data collection, ACA-Track minimizes the risk of mistakes and ensures that your business avoids the costly fines associated with ACA non-compliance.
Data Security You Can Rely On
At ACA-Track, we take data security seriously. The platform is hosted in a secure, SSAE 16 SOC 2 Type 1 certified data center, and all sensitive employee information is encrypted to protect it from unauthorized access. ACA-Track’s security protocols ensure that your compliance data is always secure, meeting the highest standards of data protection.
Conclusion: ACA-Track Makes Compliance Simple
ACA compliance doesn’t need to be complex or time-consuming. ACA-Track provides a comprehensive, automated solution to ensure that your business meets all ACA requirements while reducing administrative burden. With powerful features like real-time eligibility tracking, IRS report generation, and data validation, ACA-Track makes it easier than ever to stay compliant.
Ready to streamline your ACA compliance process and ensure your business stays compliant? Visit the ACA-Track ACA Compliance Services page today to learn more about how ACA-Track can simplify your compliance efforts and protect your business from penalties.