Affordable Care Act (ACA) Tracking and Compliance

Affordable Care Act compliance is complex and generally in-house solutions and typical payroll reporting cannot fully address the evolving complexity of the Affordable Care Act. Unfortunately, incorrect tracking and reporting can lead to costly fines for businesses. Companies with 50 or more full time equivalent employees must comply with the Affordable Care Act employer mandate.

​It’s a challenge for many businesses to navigate the complexities of the new regulations surrounding the Affordable Care Act. In fact, many companies struggle to accurately track the number of full-time equivalent employees they have each month throughout the year. With a mixture of salary, hourly, part-time, seasonal and temporary employees that may come and go - tracking can become a full-time job not to mention the reporting requirements to go along with it. At Payroll Resources of Iowa, we have the expertise and state-of-the-art ACA compliance software to ensure hassle-free Affordable Care Act tracking.
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Affordable Care Act (ACA) compliance – Aligned to your business needs:
What differentiates Payroll Resources of Iowa from other providers is our ability to provide prompt and reliable ACA compliance that is aligned to your business needs.
  • Easily track employee hours and create the documentation necessary to avoid costly penalties
  • Gain a holistic view of ACA compliance responsibilities across multiple business entities
  • Simplify the complex process of accounting for variable work hours and ensuring optimal health coverage
  • Integration of payroll, time and attendance and ACA tracking that can assist employers with managing employee status, responding to audits and complying with other reporting requirements

Our ACA OnDemand Dashboard:
Payroll Resource’s ACA OnDemand Dashboard provides our clients with the convenience of having ACA compliance documents at their fingertips.  Our ACA OnDemand Dashboard has the following capabilities and functionalities: 
  • Integrates with payroll and timekeeping
  • Minimizes ACA compliance risk of "Pay or Play Tax"
  • Generates required ACA reporting and documentation
  • Alerts managers to compliance requirements
  • Manages multiple business entities
  • Identifies ongoing and new variable hour employees in measurement periods
  • Projects which employees are trending to calculated full-time and non full-time status for the next stability period
  • Tracks full-time equivalents in real-time on a monthly basis
  • Based upon salary information, indicates which employees may not be meeting the affordability standard
  • Based upon information provided, indicates the minimum salary requirement to meet the affordability standard for health insurance using the safe harbor calculations
  • Much more
 
 

 

 
 
 
 
 

 

Contact us today

6600 University Ave., Ste. 112 
Windsor Heights, IA 50324
515-318-0374

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