ACAwise is prepared to meet any organization’s needs this reporting season
ROCK HILL, S.C. (PRWEB) February 13, 2020
The Affordable Care Act requires employers with fifty or more full-time and full-time equivalent employees to distribute Form 1095-C copies to their employees by March 2, 2020 and submit ACA Forms to the IRS by March 31, 2020.
ACA reporting was implemented in response to the IRS Employer Mandate requiring these entities to provide affordable health insurance to all of their full-time employees. This coverage must meet minimum essential coverage guidelines to be deemed affordable. ACA Forms were created by the IRS, giving these entities a way to prove that they are successfully meeting this mandate. To assist filers with this complicated reporting process, the software experts at SPAN Enterprises created ACAwise, a full service ACA reporting solution.
ACAwise offers flexible solutions to meet the needs of ALEs, TPAs, CPOs Large Counties, HCM Providers, and School Districts to name a few.
High Volume Reporting Needs Are Met With ACAwise
Large scale reporting is never an issue with ACAwise.
ACAwise is proud to serve a government agency with over twenty thousand employees. ACAwise meets the unique needs of this organization by creating a highly customized plan. With the use of cloud based, highly secure software, ACAwise is able to extract a high volume of data from this agency’s database.
ACAwise is pleased to provide services to an HCM provider with over 100 clients. ACAwise is able to adapt to the differing needs of an HCM provider. This client required a closer collaboration with the ACAwise experts throughout the reporting process, with the form review features provided by ACAwise, this was easily accomplished.
ACAwise Offers Flexible Reporting Solutions
ACAwise offers solutions to accommodate the user with little to no experience with ACA reporting all the way up to the most highly experienced user. ACAwise services remove the burden of complicated filing by providing accurate, timely filing with very little work on the client’s end. Highly customizable solutions are catered to meet each client’s needs, and range from basic to complete. The level of assistance desired will determine the amount of data that the client will need to provide.
Basic Services are a solution for clients who are able to generate their IRS 1095 codes in-house. ACAwise strategically uploads this information including the codes using Multi-Source Data Input. Form 1094 and Forms 1095 are populated and transmitted to the IRS. ACAwise offers a streamline print/mail solution as well.
ACAwise’s Complete Services are a comprehensive solution for clients who are unable to generate their own ACA codes. The experts at ACAwise conveniently upload client’s raw payroll information to generate the codes that are needed to meet ACA reporting requirements. After this process, much like with the Basic Services, ACA Form 1094 and Forms 1095 are populated. Next, ACAwise transmits the respective forms to the IRS as well and printing and mailing recipient copies.
Clients can take comfort knowing that IRS regulations, Schema Validations, USPS Validations, and TIN Matching are embedded with the ACAwise software suite. The Form Review feature allows authorized personnel to review and make corrections before IRS transmission. ACAwise’s services don’t end upon transmission, unlike with many other providers, our experts with the corrections process.
State And Prior Year Filing Are Available With ACAwise
ACAwise software is configured to automatically file to state agencies.
State Individual Mandate filers such as New Jersey and the District of Columbia (DC) are experiencing significant reporting changes now, in tax year 2019, requiring them to report to their state agencies.
This is a heavy burden for entities that have headquarters in one of these two states, but employ workers at locations across the country. This requirement will affect filing entities that are not located in New Jersey or DC as well. Any employer who has residents from these two states on their payroll full-time will have to report. Additionally New Jersey filers must E-file their forms for tax year 2019, paper filing is no longer permitted by the IRS.
ACAwise assists entities who may have failed to file in past years and are now receiving IRS penalty letters. The experts at ACAwise conduct prior year filing to reduce hefty penalties, or eliminate them altogether.
Get Started Now With ACAwise
Interested parties may request more information and contact an ACAwise expert at https://acawise.com.
SPAN Enterprises, the creator of ACAwise, is an industry leader in software solutions for IRS filing and the transportation industry.
SPAN Enterprises CEO and Co-founder, Agie Sundaram states, “ACAwise offers the best software functionality and value on the market, with cutting edge security measures and an experienced team of experts, we are prepared to meet any organization’s needs this reporting season.”
Located in the heart of downtown Rock Hill, South Carolina, SPAN proves that big ideas can grow in a small town. The new year marks a decade of prosperity and service for SPAN Enterprises. With existing Business Management Software such as TruckLogics and Unitwise, along with the addition of PayWow, a full-service payroll provider, SPAN Enterprises will remain at the forefront of innovative solutions. Learn more at http://www.spanenterprises.com.