ACA 1094/1095 Audit Services
In November 2017, the IRS started sending out Letter 226J penalty notices to employers. At a threshold of 95% in 2016, there is very little room for error and potentially very high penalty fees. With only a short 30 day reply window to Letter 226J notices, do you really want to rush your analysis. Better yet, when you look back, did you honestly ever think the IRS would be issuing these notices? If not, are you confident your team provided 100% accurate data, especially related to employees who worked part-time, or started or ended employment at busy times of the year for your HR team?
At the end of the day, we can provide cost-effective audit services to find these potential data errors, and if/when the IRS comes knocking at the door, you are not only prepared, but you'll also be sleeping at night knowing this isn't going to be an issue as you proactively fixed it -- with our help throughout this process.
We have put together 3 audit services, leveraging our Smart1095 engine, focused on Letter 226J problem areas. Additional traditional audit services are available, too.
Please contact us at Howie@ACAmanagedServices.com or call us at 1-855-948-5300
It’s really quite simple –
- The regulations are complicated
- ACA IRS reporting is new
- Fines and penalties are very high
- Vendors haven’t audited their own products
- There are many moving parts
- Your job could be at risk
Since your employer/vendor just recently processed these forms the information should be readily available. If you’re seeking a sample-based audit, our sample audit report can be delivered in less than 4 weeks. If you’re seeking a 100% data compare audit, than this will likely take more time unless all of the data can be furnished right away.
That all depends upon the comprehensive nature and integrity of your data and well as the importance of quality assurance to your 1095 vendor or software company that is producing your forms.
Given the complexity of ACA IRS reporting you really need a specialist that understands all the nuances of the regulations.
How Does the ACA Audit Work?
795 Franklin Avenue
Franklin Lakes, NJ 07417