Simplify the largest tax reporting obligation to face health insurers and large employers since the W-2.

 

Sovos reduces errors – and the significant amount of time spent correcting them – and increases productivity in compliance with the Affordable Care Act (ACA).

 

ACA requirements have presented a whole new set of tax reporting obligations for health insurers and large employers. In fact, when Sovos conducted a survey of 100 business leaders, over half reported spending 500+ hours per year on ACA compliance! What’s worse? More than half of those hours were spent addressing errors.

 

Failing to track and report sensitive data on time, with 100% accuracy can result in unhappy members, confused employees and stiff penalties that can quickly add up and create serious problems.

 

Don’t let ACA compliance overly burden IT staff or leave in-house HR resources spending hours on compliance. Sovos ACA Reporting cuts down on employees’ involvement in the compliance process with quick and simple transmittals, freeing up their time to focus on mission critical tasks.

 

Sovos ACA Reporting gives businesses the tools to successfully navigate this uncharted territory with industry-leading knowledge and resources. With the Sovos Intelligent Compliance Cloud, businesses can successfully report and transmit the necessary ACA filings that often leave companies facing fire drills as deadlines approach. Sovos ACA solution’s modern, user-friendly application helps easily generate the proper 1095 forms and transmit them to recipients and the IRS, adapting seamlessly to any last minute regulatory updates or additions.

 

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Compile and aggregate all ACA reporting data and automate future tasks for greater assurance in fulfilling all obligations.

Agile, Centralized Solution

Agile, Centralized Solution

Minimal need for IT involvement

 

Automatically adapts to any last minute regulatory updates or additions so your business remains compliant

 

Scalable SaaS technology requires no installation

Flexible Data Management and Validation

Flexible Data Management and Validation

Upload data from any flat file (like Excel, XML, etc.) and simply map it to correct fields

 

Eliminate the need for mapping similar data in future uploads

 

Identify incomplete and missing data with easy for real-time correction

One-Click Submissions and Corrections

Once data is validated, simply click and the printing and mailing of every form is handled, along with secure transmittal to the IRS

 

Reprint or update current and prior year forms while tracking changes

 

Electronically submit and transmit the revised information to the IRS with the click of a button

Highest Security Standards and Bulletproof Audit Response

Highest Security Standards and Bulletproof Audit Response

Security measures including certifications, recurring audits, dual secure backups, third-party penetration testing and biometrically guarded data center with industry-leading data-at-rest encryption

 

Standard and customized reporting to monitor and produce audit trails

 

On-demand access to all tax information and forms for current and prior years

The Sovos Difference

“With Sovos ACA we have been able to avoid penalties and fines associated with noncompliance and our HR employees are able to remain focused on other important duties.” – NAME, TITLE, COMPANY

AcrBest Success Story

ArcBest’s success using the Sovos ACA solution demonstrates the benefits of automating compliance.


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