Failure to track and report sensitive data accurately and on time can result in stiff penalties.
ACA requirements have presented a whole new set of tax reporting obligations for health insurers and companies with 50 or more full-time employees. In a survey of 100 business leaders, more than half told Sovos they spend more than 500 hours per year on ACA compliance. What’s worse – they spent more than half of those hours addressing errors. Fortunately, this powerful Forms 1094 and 1095 filing software is built to help you file Form 1094-B, Form 1095-B and Form 1095-C with ease. With the use of this software for ACA reporting, your team members will be free to focus on more-important tasks.