ACA Elevate Description
Since 2015, the Affordable Care Act (ACA) has established stringent annual reporting obligations for employers. According to these requirements, an information return must be created for each eligible employee, which should be submitted to the IRS on a single transmittal form, either Form 1094-B & 1095-B or Form 1094-C & 1095-C. These obligations depend on the specifics of an employer’s health plan as well as the overall number of employees they have. Failure to comply with these filing and reporting regulations can lead to significant fines that can be quite costly for employers. Additionally, employers benefit from automatic eFiling access with the IRS, as well as mailing services and an efficient corrections process. Resources such as real-time access to training videos, a comprehensive Q&A guide, and an ACA workbook are available, giving employers the ability to view draft forms and make edits online at any time. The support and resources provided help ensure that employers can navigate these complex requirements with greater ease.
ACA Elevate Alternatives
Sovos is a global provider of tax, compliance, and trust solutions and services that enable businesses to navigate an increasingly regulated world with true confidence.
More than 100,000 customers in 100+ countries - including half the Fortune 500 – trust Sovos for their compliance needs. Sovos annually processes more than three billion transactions across 19,000 global tax jurisdictions. Bolstered by a robust partner program more than 400 strong, Sovos brings to bear an unrivaled global network for companies across industries and geographies. Founded in 1979, Sovos has operations across the Americas and Europe, and is owned by Hg and TA Associates.
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Chime Workplace serves as a comprehensive financial wellness platform designed to assist employees in effectively managing their finances, alleviating stress, and fostering long-term financial stability. Available at no charge to both employers and employees, the platform features:
- No-cost access to earned wages
- No-fee checking accounts along with overdraft protection
- Automated savings options that offer high-yield interest rates
- Tools for building credit
- Optional employee rewards and loyalty program benefits
By providing smooth payroll integration, real-time insights, and a secure infrastructure, Chime Workplace not only enhances employee well-being but also contributes to improved retention, engagement, and overall productivity within the workplace. This innovative approach to financial wellness empowers employees to take control of their financial futures, resulting in a more motivated and dedicated workforce.
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Accord
Ensuring that you meet the various eligibility periods necessitates dedicated attention to the fundamentals of the ACA. By utilizing a top-tier ACA platform that integrates data from multiple sources, you can guarantee the accuracy of your 1094-C and 1095-C forms. This system proactively prevents the issuance of incorrect forms to employees by swiftly analyzing code combinations. Accord has developed and continually updates a premier platform designed for employers and licensees to navigate the intricacies of ACA reporting with ease. Your personalized dashboard provides real-time insights into ongoing eligibility and affordability metrics, encompassing a range of measurements, stability assessments, and waiting periods. You can effortlessly generate all required ACA reporting and filings through our user-friendly interface, with no software installation necessary and seamless online upgrades. To effectively respond to IRS inquiries, maintaining meticulous internal audit processes is crucial. With straightforward access to historical records and support from your Accord team, any necessary audits can be conducted promptly and efficiently. Additionally, this approach not only simplifies compliance but also enhances your overall ACA management strategy.
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ComplyRight
Assisting employers, payroll services, and benefits providers in fulfilling ACA obligations for healthcare coverage reporting to the IRS, this software streamlines the creation and printing of IRS forms 1094 and 1095 (versions B and C) while also enabling e-filing of data with the IRS. Designed for user-friendliness, it allows printing on both preprinted and blank forms, with additional corresponding forms and secure envelopes available through ComplyRight. Our aim at ComplyRight is to alleviate the challenges employers face in tracking and adhering to the intricate landscape of federal, state, and local employment laws, empowering them to concentrate on their core business activities. The software simplifies ACA reporting requirements through its Windows-based platform, tailored for those who need to generate, print, and deliver 1094-B, 1095-B, 1094-C, and 1095-C forms to employees, followed by filing them with the IRS. A comprehensive guide with step-by-step instructions assists users throughout the filing procedure, while templates enable easy data import from MS Excel®. This comprehensive approach not only saves time but also ensures accuracy in compliance reporting, making it a valuable tool for businesses of all sizes.
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Integrations
No Integrations at this time
Company Details
Company:
BASIC
Year Founded:
1989
Headquarters:
United States
Website:
www.basiconline.com/our-services/aca-filing/
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Product Details
Platforms
Web-Based
Types of Training
Training Docs
Webinars
Customer Support
Business Hours
Online Support
ACA Elevate Features and Options
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