Complying with ACA: Doesn t have to be that way!

Transcription

1 Complying with ACA: Doesn t have to be that way! Dan Doolin Presented by Integrity Data Immersed in Affordable Care Act Compliance since 2012

2 Agenda Introduction War stories and successes Advantage of using a complete ACA solution Demonstration and benefits of Integrity Data s ACA Compliance Solution Q&A 2 Integrity Data All rights reserved.

3 Introduction 3

4 Integrity Data s leadership in human capital management since 1996 More than 8,000 organizations worldwide use our technology to improve businesses processes Engaged by Microsoft to author payroll and human resources upgrades to the ERP system known as Microsoft Dynamics GP We have been immersed in ACA compliance software since Integrity Data All rights reserved.

5 Immersed in ACA compliance since 2012, consistently a step ahead January 2012: Engaged by major restaurant company (36,000 W-2s) to work on ACA risk management. April 2012: BI tools released for tracking and forecasting trends toward ACA classification of full-time. June 2012: Development begins on presentation layer, with focus on ease of use. February 2013: Code released to beta testing. February 2014: First commercial version released and installed, two weeks after IRS issues final regulations. July 2014: Functionality enhanced for companies in commonly controlled or affiliated groups. October 2014: Producing IRS Form 1095-C, four months before draft is finalized. August 2015: Cloud functionality introduced, to ease access to updates October 2015: #1 software company to earn e-filing approval in IRS s new ACA-specific processing system 5 Integrity Data All rights reserved.

6 Tell your story 6 Integrity Data All rights reserved.

7 Advantages of a comprehensive ACA solution 7 Integrity Data All rights reserved.

8 A comprehensive ACA solution One-stop-shop for ACA employer requirements Integrated with the payroll system Proactive vs. reactive Supported by ACA-knowledgeable team Responsive to IRS guideline changes around ACA 8

9 9 Integrity Data All rights reserved.

10 How Integrity Data s ACA Compliance Solution does the heavy lifting 10 Integrity Data All rights reserved.

11 Demo Integrity Data s ACA Compliance Solution Dan Doolin Senior Account Executive 11 Integrity Data 2016 All rights reserved.

12 Penalty Risk Management Constant monitoring of employee eligibility for coverage Accommodates breaks in service Administers rule of parity Forecasting of which variable-hour employees are trending toward full-time status Monthly tracking, by employee, of offers of coverage Continuous testing for the affordability of coverage offered, including safe harbor calculations Business Intelligence tools Dashboard Alerts Automatic software updates 12 Integrity Data All rights reserved.

13 Regulatory reporting: IRS Form 1095-C Identifies all employees who need to get Form 1095-C Populates IRS Form 1095-C with correct ACA codes for all 12 months Supports monthly and lookback eligibility measurement methods Populates Part III of Form 1095-C for employers who offer self-insured plans Supports employers with a pay strategy At year end, distribute the 1095-Cs to your employees printed or over Either way, we have you covered! 13 Integrity Data All rights reserved.

14 Regulatory reporting: IRS Form 1094-C Generates Form 1094-C (the transmittal of Form 1095-C) for the IRS E-file generation of Form 1094-C is standard, at no added charge Generation of Form 1094-C meets the IRS consolidated filing requirements for commonly controlled and affiliated groups 14 Integrity Data All rights reserved.

15 simple to learn and very efficient. amazed at how quickly 1095-Cs were generated literally as easy as a few clicks. don t know how we would be managing through this process without Integrity Data. A godsend for our company! the Integrity Data team has been there at every turn. 15 love how you guys go above and beyond to help your customers.

16 Remaining ACA to-dos for Tax Year 2015 Make good-faith corrections to delivered 1095-C forms Meet the IRS filing deadline for Form 1094-C May 31: Paper returns June 30: E-filing Integrity Data All rights reserved.

17 ACA must-dos for Tax Year 2016 [Continuously] [Monthly] [Annually] Track every employee s hours of service Click here to download our ACA Checklist for 2016 Reporting! Identify which employees are ACA-defined full-time thus eligible for health insurance Track each employee s self-only cost of the coverage offered Test that health insurance offered meets ACA affordability standards Determine ALE status Provide Form 1095-C to all ACA-defined full-time employees File 1094-C with the IRS Integrity Data All rights reserved. 17

18 Questions Fire away! 18 Integrity Data All rights reserved.

19 Thank you Learn more Contact us Dan Doolin, Senior Account Integrity Data All rights reserved.

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