Do you know the many regulations brought about by the Affordable Care Act (ACA)? With regulations like the Employer Shared Responsibility Tax—better known as the “Pay or Play Tax”— coming into effect in 2015, employers can expect to face a number of reporting and compliance requirements along with associated tax liabilities and penalties. The time for preparation and action is now.
Aimed at minimizing ACA compliance risk, The ACA Dashboard is an integrated management tool designed to provide continually updated ACA monitoring, reporting and documentation.
There is a costly compliance risk with not reporting or not reporting accurately. ACA reporting is complicated. Every employer with 50 or more full-time equivalents must report in 2016 based upon activities in 2015 or face fines. ACA OnDemand has leveraged its vast ACA experience to deliver ACA Reporting Essentials. It is the cloud based solution designed to aggregate employer plan and coverage information to populate the IRS ACA reports.
In-house solutions and typical payroll reporting cannot fully address the evolving complexity of the ACA. The ACA Dashboard is directly integrated with payroll data from Employer OnDemand and Employer on the GO to provide you with the actionable information you need. ACA Reporting Essentials uses employer specific data to aid an employer in IRS Reporting and generation of employee statements.