Walnut Creek, CA (PRWEB) August 25, 2013
In July, a collective sigh of relief was heard from many employers at the announced interim delay in employer reporting and penalty provisions of the Affordable Care Act (ACA). “However,” cautions Tony Bowden, Payroll Systems President, “this reprieve merely allows the appropriate amount of time to implement a well thought-out compliance approach to meet the requirements for January 2015. These delays provide an opportunity to adopt, test and deploy solutions that employers develop in partnership with their employee benefits, financial and legal advisors.”
Already balancing a multitude of compliance considerations and reporting, ACA demands an unprecedented level of diligence from employers in the administration of their workforce management including recordkeeping, monitoring, analysis, and reporting. Bowden believes that “This new level of reporting will exact a toll on many overburdened human resource and administrative staff members.” The legislative reprieve looks even shorter for those employers with a 12 month measurement period, as reporting solutions would need to be in place to start data collection by January 2014. “These employers are our clients and we are committed to simplifying these complex administrative requirements,” continued Bowden.
Accustomed to the evolving and increasingly complex administrative needs of employers since 1989, “Payroll Systems’ ACA compliance solutions are developed with an employer preference approach, accommodating the employer’s requirements regarding automation, expertise and internal capabilities,” remarked Bowden, when asked about what makes Payroll Systems different from other firms. True to Payroll Systems service model of combining designated service specialists using integrated and secure technology, SSAE 16 type II financial and operational controls, these ACA Administration Solutions simplify the steps needed for adherence to Health Care Reform provisions.
For employers concerned with Employer Shared Responsibility (ESR) compliance, Payroll Systems solutions include automated record keeping systems and documentation measures that could be required in the defense of an employee complaint or IRS audit. Additional areas of focus include employee benefit eligibility tracking with ongoing monitoring and alerts, benefit eligibility reporting during designated Measurement Periods; and program level analysis and assessment regarding plan affordability requirements and potential penalties.
Per the White House announcement regarding the delays in July, additional guidelines will be announced in late summer 2013, providing the final details required by employers in finalizing their administration.
About Payroll Systems
Since its inception in 1989, Payroll Systems delivers payroll services and employee benefits administrations nationwide, as well as providing fully integrated solutions for HR management to employers of all sizes. Payroll Systems shows commitment to its clients by utilizing tenured specialists, advanced technology, and an internationally recognized SSAE 16 type II Certification. To learn more about Payroll Systems, visit http://www.Payroll-Us.com/.