Because we care as much as you
Are You 100% Confident Your ACA Data is IRS ready?
The good news is you have a lot of payroll and benefits data. The big question to ask yourself is "Do we have all of the required information needed to produce our transmittal to the IRS and to generate accurate and complete employee forms (1095-b and 1095-c)? Chances are, if you wait to address this, it will likely be too late. Are you starting to see the picture? As the saying goes, an ounce of prevention is worth a pound of cure - this needs to be addressed now!
According to industry experts, quality and affordable IRS reporting support demand exceeds the supply. In the event your data is not IRS ready and you miss the IRS deadlines (employees must have their forms by March 1, 2024 and electronic filings are due April 1, 2024), the penalty is very expensive. To compound the issue "good faith transitional relief" was sunset in 2021 so employers can no longer get things wrong without the big possibility of receiving a penalty.
Why take the chance? Please call us today at 201.891.8010 and ask to speak with our ACA Data Readiness expert or email today at Info@ACAmanagedservices.com. We will be happy to provide a fast and thorough analysis of your actual data for a modest fee.