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Editorial Advisory Board

  • Professor Andrea M. Armani, University of Southern California
  • Ruti Ben-Shlomi, Ph.D., LightSolver
  • James Butler, Ph.D., Hamamatsu
  • Natalie Fardian-Melamed, Ph.D., Columbia University
  • Justin Sigley, Ph.D., AmeriCOM
  • Professor Birgit Stiller, Max Planck Institute for the Science of Light, and Leibniz University of Hannover
  • Professor Stephen Sweeney, University of Glasgow
  • Mohan Wang, Ph.D., University of Oxford
  • Professor Xuchen Wang, Harbin Engineering University
  • Professor Stefan Witte, Delft University of Technology

ACAwise, A Comprehensive ACA Reporting Vendor, Is Now Accepting New Clients

ROCK HILL, SC / ACCESSWIRE / September 20, 2021 / While it may seem that your organization just wrapped up its ACA Reporting for the 2020 tax year, it is actually time to start thinking about the upcoming reporting for 2021.

All Applicable Large Employers (ALE), Third-Party Administrators (TPA), Professional Employer Organizations (PEO), and Human Capital Management (HCM) providers are all required to submit ACA Forms 1094-B/C and 1095-B/C to the IRS and distribute copies to employees in order to meet their annual reporting requirements.

ACAwise is now accepting new clients for their all-encompassing ACA reporting solution. With the following features, ACAwise eliminates the stress of ACA reporting requirements.

ACA Code Generation

On Form 1095-C, employers must use a complex series of codes to indicate the status of the employees' health insurance coverage throughout the year. As the ACA Forms are usually updated each year, this series has expanded to include two new codes that are directly applicable to Individual Coverages HRAs. ACAwise eliminates the stress of dealing with these codes by generating them based on the information our clients provide.

1094/1095 Form Generation and Approval

The next step in this end-to-end process is the generation of Forms 1094 and 1095. Once the forms are generated, clients can easily review and approve them through our secure portal. At this point, clients can provide any revisions or updates before IRS transmission.

IRS, State E-filing, and Recipient Copy Distribution

Once all forms are reviewed and approved for their accuracy and all data validations are performed, the forms will be transmitted to the IRS and applicable state agencies. ACAwise assists with any necessary corrections and even offers past year filing to new clients who failed to meet their requirements in the past. Additionally, ACAwise offers both online access and postal mailing options for distributing recipient copies.

Depending on the filing needs of your organization, clients may choose from our two reporting services:

ACA Core

This option allows clients that are comfortable generating their 1095-C codes a comprehensive ACA filing solution. This includes form generation, TIN Matching, IRS e-filing, state filing obligations, and employee copy distribution.

ACA Elite

This is the most comprehensive service available, in addition to the benefits of the Core services, ACAwise assists with every aspect of the reporting process. After employers provide their employee data, including census information and health benefits, ACAwise validates the data and generates all of the codes required on Form 1095.

When asked about the benefits of choosing ACAwise, CEO and Co-founder Agie Sundaram, stated, "ACAwise offers a great solution to the stressful ACA reporting process, despite the size of your organization and your comfort level with ACA reporting, ACAwise can guarantee your compliance."

To learn more about the services offered by ACAwise, visit www.acawise.com today.

SPAN Enterprises, the creator and parent company of ACAwise, is an industry leader of solutions for IRS tax e-filing. Located in Rock Hill, South Carolina, SPAN proves that big ideas can grow in a small town. With existing Business Management and E-filing Applications such as TruckLogics and TaxBandits and newer additions like PayWow, SPAN Enterprises is at the forefront of innovative applications. Learn more at http://www.spanenterprises.com

CONTACT

Stephanie Glanville
support@acawise.com

SOURCE: ACAwise



View source version on accesswire.com:
https://www.accesswire.com/664789/ACAwise-A-Comprehensive-ACA-Reporting-Vendor-Is-Now-Accepting-New-Clients

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