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Understanding ACA Compliance
The Affordable Care Act (ACA) requires businesses, particularly Applicable Large Employers (ALEs), to provide health coverage that meets minimum essential standards and report this information to the IRS. Staying compliant involves offering affordable healthcare options to employees and submitting timely and accurate forms like 1095-C and 1094-C. Symply HR & Payroll software is designed to make ACA compliance effortless by automating data tracking, ensuring accurate reporting, and simplifying the entire compliance process for your business.
Challenges of ACA Compliance
Managing ACA compliance manually can lead to inaccurate tracking of employee hours, coverage status, and affordability. It could also lead to risking IRS penalties due to late or incorrect filings. Keeping up with changing ACA rules and thresholds can be overwhelming. Symply software eliminates these challenges by integrating payroll and benefits data, automating calculations, and helping your business stay ahead of compliance requirements.
How Symply ACA Compliance Helps Your Business
Monitor employee eligibility and benefits in real time, generate IRS-ready forms like 1095-C and 1094-C with ease, built-in checks to ensure your submissions meet ACA requirements, and access ACA specialists to navigate complex regulations. With Symply software, you can focus on your business, knowing your ACA compliance is accurate, timely, and stress-free.
