If you’re looking for an ACA filing solution, look no further. Let BoomTax do the work for you, so you can get your ACA filing done in a timely manner before the deadlines.
As an employer, you’ve spent countless hours shopping around for affordable health care that meets all of the ACA requirements and you’ve sent out all of the plan information to your employees. Perhaps you’ve even invited a representative from the insurance company to help explain the plan options and answer questions. You can finally let out a big sigh of relief now that all the hard work is over…right?
All Applicable Large Employers (ALEs) should be abiding by the Affordable Care Act (ACA) Employer Shared Responsibility Provisions (ESRP). This is more than just offering an appropriate health coverage to all full-time employees. Employers are also expected to submit ACA filings to the IRS detailing the offers of coverage and they must furnish these forms to the employees as well.
January 31st is the deadline to issue your eligible employees their Form 1095-Cs. This is approaching faster than you might think.
If you’re company has a large payroll or HR staff, then this may not be a big deal to you as you have ample staff to get through this workload. If you’re a smaller company with only a couple employees that can work on this, then it’s a lot of additional responsibility for only a few people. Imagine all of the “fun” it will be for your few lucky employees who need to manually fill out all of the 1095-C’s, print, stuff in envelopes, and mail a copy to each employee. Then still need to fill out your 1094-C and send it with copies of the 1095-C forms to the IRS.
If your company has 250 or more full-time or equivalent employees, you must file your 1094-C and 1095-C’s electronically.
If you plan on submitting your ACA filing on your own, then your payroll staff needs to learn the IRS AIR system, apply for a TCC (Transmitter Control Code), learn about XML files, manifests, and error codes. Do we want to talk about the nightmare of file rejections? What if you need to file corrections? It can be a cumbersome undertaking to say the least.
How do I find a ACA filing solution?
This is where using an IRS authorized ACA transmitter can help. Simply provide us with the ACA data and we will send it to the IRS and we can mail it off to your employees, so you don’t have to!
BoomTax makes the process easy for you. Simply import your XML or Excel file to the secure file upload page. BoomTax will process the information and fix common errors. Your data is verified against roughly 500+ IRS rules making sure your filing is error free once it’s time to file. Once you give the information a final once over and everything looks good, simply click the E-file button. You are done!
Let BoomTax do the work for you. Get started now! You will not be disappointed.
- IRS Employers ACA page
- Preparing for ESRP
- Alternative Form for Qualifying Offers
- BoomTax Spreadsheet Guidelines
- IRS Letter 226-J
- What is the Qualifying Offer Method?
- Prepare Employees for 1095-C Form
BoomTax, The Boom Post, and its affiliates do not provide tax, legal or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors prior to engaging in any transaction.