AMG Employee Management Supporting New Reports in Its AMGtime Systems to Help Businesses Adhere to Section 6056 of the Affordable Care Act
Los Angeles, CA (PRWEB) February 17, 2016 -- The addition of section 6056 to the Affordable Care Act makes it mandatory for an Applicable Large Employer (ALE) to adhere to certain guidelines as laid down in the said section. Distinguished provider of time attendance solutions AMG Employee Management is now helping businesses generate 1094-C and 1095-C reports right from AMGtime Systems. This organization has carved a niche in the market with their high-quality time and attendance management solutions such as biometric devices, proximity time clocks, and now government required reports.
With the addition of section 6056 to the Internal Revenue Code, an Applicable Large Employer (ALE) is now required to file information returns with the Internal Revenue Service. Now, these employers must also provide the health insurance coverage statements to all their full-time employees. The website of Internal Revenue Service also informs that “ALE members that sponsor self-insured group health plans also are required to report information under section 6055 about the health coverage they provide.”
Every business falling into the category of Applicable Large Employer (ALE) according to the ACA rules will be impacted by these changes. It is extremely important for these businesses to start using a technology solution that helps them take care of this reporting in an automated manner without spending a fortune.
For over a year ACA reporting has been a part of AMGtime Systems. This feature allows businesses to find out whether they fall under the category of Applicable Large Employer. The company has recently enhanced their software by incorporating the 1094-C and 1095-C reports within the reporting of the system. Therefore, all ALE clients of AMG Employee Management will be able to generate their 1094-C and 1095-C reports within the system.
Highlighting the company’s service can help the ALE clients, AMG Employee Management’s owner and founder Tony Galstyan said, “We make it easy for our clients to calculate if they are ALE or not in real time. And then if they are ALE, they can use our system to generate the 1094-C and 1095-C reports."
About the Company
With more than 20 years of experience, AMG Employee Management Inc. is a national leader in time attendance products, services and solutions. This innovative Los Angeles-based company has a passion for offering employers advanced time attendance systems that boost the efficiency and accuracy of time and payroll records and facilitate clients to select the best solution to meet their needs.
Luiza Cortezian, AMG Employee Management, Inc., http://www.amgtime.com, +1 (323) 254-7448, [email protected]
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