Stay Compliant with ACA-Track’s Advanced Reporting and Automation Tools

ACA compliance can be a daunting and time-consuming task for any business, but with the right tools, it doesn’t have to be. ACA-Track is designed to automate and streamline the most complex parts of ACA compliance, from employee eligibility tracking to IRS reporting. With ACA-Track’s advanced reporting and automation tools, your business can stay compliant with ease while saving time, reducing errors, and avoiding penalties.

Advanced Reporting Tools for Easy ACA Tracking

ACA compliance requires accurate and detailed reporting, whether it’s for IRS filings or internal tracking of employee eligibility and health coverage. ACA-Track’s advanced reporting tools make it simple to generate reports that meet all your business’s ACA compliance needs.

Some key features of ACA-Track’s reporting tools include:

Customizable Reports: ACA-Track offers fully customizable reports that can be tailored to your specific needs. Whether you need reports for employee eligibility, hours worked, benefits offered, or IRS filings, ACA-Track’s flexible reporting system lets you design and filter reports based on your criteria.
Real-Time Data Access: With ACA-Track, you have real-time access to all your ACA compliance data. This allows you to track changes as they happen, whether it’s a change in an employee’s eligibility status or a shift in your overall ACA compliance standing.
Automated Reporting: ACA-Track automatically generates reports for compliance activities, such as health coverage offers, eligibility determinations, and IRS filings. This eliminates the need for manual tracking and ensures that your business stays on top of reporting requirements.
Accurate IRS Form Generation: ACA-Track automatically generates accurate IRS Forms 1095-C and 1094-C, ensuring that all employee data is included and the forms are correctly filled out. The platform performs checks for accuracy before filing, minimizing the risk of errors that could lead to penalties.

Automation That Saves Time and Reduces Errors

Automation is key to staying compliant with the ACA, and ACA-Track leverages automation to simplify and speed up every part of the compliance process. Whether it’s tracking employee hours, monitoring eligibility, or submitting IRS forms, ACA-Track reduces the administrative burden with automated systems that handle the heavy lifting for you.

Here are some ways ACA-Track’s automation tools can save your business time and ensure accuracy:

Automated Employee Eligibility Monitoring: ACA-Track automatically monitors employee hours worked and determines when employees become eligible for health coverage under ACA guidelines. The system sends real-time alerts when an employee meets the eligibility threshold, ensuring timely and accurate coverage offers.
Automatic IRS Form Pre-Population: With ACA-Track, IRS Forms 1095-C and 1094-C are pre-populated with accurate data from your payroll and HR systems. The platform uses the data collected automatically to fill out the forms correctly, reducing the risk of human error and eliminating the need for manual data entry.
Direct E-Filing with the IRS: ACA-Track allows you to directly e-file your IRS Forms 1095-C and 1094-C, streamlining the filing process and eliminating the need for paper submissions. The platform tracks filing statuses and ensures that submissions are made on time.
Real-Time Notifications: ACA-Track sends real-time notifications for key compliance deadlines, eligibility changes, and any discrepancies in data. These alerts help your business stay proactive and on track, ensuring that you never miss a critical compliance milestone.

Advanced Data Analytics for Proactive ACA Compliance Management

Data analytics plays a crucial role in staying ahead of ACA compliance requirements. ACA-Track’s advanced analytics tools provide real-time insights into your ACA data, helping you make informed decisions and proactively manage compliance.

With ACA-Track, you can:

Analyze Employee Eligibility Trends: ACA-Track’s data analytics tools allow you to analyze trends in employee eligibility, helping you identify potential issues before they become problems. Whether it’s a spike in part-time employees or a shift in employee classifications, ACA-Track provides valuable insights into your workforce’s compliance status.
Monitor Full-Time Equivalent (FTE) Counts: ACA-Track automatically calculates and tracks your FTE count, which determines whether your business is subject to the ACA’s employer mandate. With ACA-Track, you can monitor your FTE count and avoid penalties for failing to offer coverage to enough full-time employees.
Track Health Coverage Offers: ACA-Track helps you track which employees have been offered health coverage and ensures that the coverage offered meets ACA affordability standards. This analytics feature helps you make data-driven decisions about your health benefits offerings.
Measure Compliance Success: ACA-Track provides comprehensive reports on how well your business is adhering to ACA regulations, offering valuable insights that help you identify gaps in your compliance strategy and take corrective action before any issues arise.

Flexible and Scalable Compliance for Businesses of Any Size

Whether you’re a small business with just a few employees or a large corporation with multiple locations, ACA-Track’s platform is scalable and flexible enough to meet your needs. The platform adapts to your business size and complexity, allowing you to manage ACA compliance efficiently no matter how much your business grows.

With ACA-Track, businesses can:

Handle Multiple EINs: If your business operates with multiple EINs, ACA-Track allows you to manage compliance for each EIN separately, while centralizing data and reporting in one platform.
Manage Multiple Locations: ACA-Track supports businesses with multiple locations, ensuring compliance across all locations regardless of state-specific healthcare mandates.
Track Employee Classifications: The platform can track a wide range of employee classifications, from full-time employees to part-time and seasonal workers, ensuring that all employees are accurately tracked for eligibility.

Audit-Ready Data Storage for Peace of Mind

Maintaining accurate and organized records is crucial for ACA compliance, especially in the event of an audit. ACA-Track ensures that your business is always audit-ready by storing all compliance data in a secure, easily accessible location. Whether you need to retrieve employee eligibility information, IRS filings, or health coverage offers, ACA-Track keeps all necessary records in one place for easy access.

In addition to secure data storage, ACA-Track’s audit features include:

Historical Data Tracking: ACA-Track keeps track of all historical compliance data, allowing you to view and retrieve records from previous years as needed for audit purposes.
Comprehensive Reports: Generate detailed compliance reports for audit review, providing a complete record of your ACA compliance efforts, from eligibility tracking to IRS form submission.
Easy Document Retrieval: ACA-Track’s user-friendly interface makes it easy to search for and retrieve specific compliance records, ensuring you can quickly provide the necessary documentation during an audit.

Maximize ACA Compliance Efficiency with ACA-Track

ACA-Track is the comprehensive solution your business needs to stay compliant with ACA regulations, save time, and reduce the risk of errors. With automated tracking, IRS form generation, real-time notifications, and advanced reporting tools, ACA-Track simplifies the ACA compliance process from start to finish.

If you’re ready to streamline your ACA compliance efforts, reduce the risk of penalties, and save time, visit ACA Compliance Services today to learn how ACA-Track can help your business stay compliant, efficient, and audit-ready.