Passport Payroll ACA Reporting Requirement for 2017/2018 Years
Currently, ACA Reporting is Still Mandatory
With all the confusion regarding the Affordable Care Act not resolved it is important that your Human Resources Department and/or Payroll Departments understand that the ACA Employer mandate and the requirement to report is still the law.
If you are required to file you can save lots of money by avoiding IRS penalties. This is likely to be a bigger issue this year because the IRS is working hard to identify employers who have either not filed or who at least made a failed attempted to report.
How do you fit in?
First identify your specific situation:
If your company has expanded and has hit the 50+ employee threshold, reporting is required.
While this may be new to you, Passport can help even if you don’t currently use the Passport Payroll Software.
Passport provides a fee based service to assist you with your ACA reporting requirements.
This would be handy if you need to report this year for the first time or if you are unhappy withhow this was handled for last year’s reporting process.
Passport’s Software has the best ACA solution on the market for ACA compliance reporting, including all the electronic reporting. Check them out at Capterra Reviews. They have been helping hundreds of companies meet their reporting obligations since 2015.
Passport offers everything from a one-time software license fee if you wish to run your ACA reports in-house, through to a complete turnkey service with Passport filing all your reports for you… and all of this at a very affordable cost, which is much less than the penalties the IRS is likely to impose for failing to report and/or failing to report on-time Filing deadline reminders:
Standard ACA filing deadlines apply for Tax Year 2017. Unlike in previous years, there are no automatic extensions for late filing this year.
- Employee 1095-C copies January 31st, 2018
- 1095-C/1094-C paper filing February 28th, 2018
- 1095-C/1094-C electronic filing March 31st, 2018
With the deadline for employee copies not being extended as it was in 2017, this means all 2017 ACA data needs to be completed and accurate by the end of January 2018.
For more information please contact the CCS Retail Systems Sales Department.
-John