
Financial Technology, Inc. Employee Benefit Services
ACA Reporting 6055 & 6056 Compliance
Overwhelmed by ACA Reporting Requirements?
The Affordable Care Act (ACA) imposes demanding information reporting responsibilities on employers starting with the 2015 calendar year. The reporting stipulation states that an information return will be prepared for each applicable employee, and these returns must be filed with the IRS using a single transmittal form (Form 1094-B & 1095-B or Form 1095-C & 1094-C). The filing requirements are based on an employer’s health plan and the number of employees.
Our agency offers an Automated Solution for Employers that generates applicable Forms 1094-B, 1095-B, 1094-C, and 1095-C forms and electronic filing with simple uploads of an MS Excel workbook. We offer 2 different solutions to ensure every employer remains compliant with the 6055 and 6056 reporting requirements. We partner with BASIC to offer this service, contact us today for help with ACA Filing.
Option 1 - Year-End Filing
For employers with simpler ACA reporting needs ideal for Banks, Manufacturers, Medical Offices, Law Offices, and other employers with a low variable hour population
Perfect for employers with the ability to collect and report on enrollment data
Calculates employee counts and number of forms for 1094-C
Produce, distribute, and file forms 1094-C and 1095-C
Option 2 - Monthly Tracking & Year-End Filing
For employers with complex variable hour employee measurements ideal for: Restaurants, Schools, Casinos, Staffing Agencies, and Retail
Determine your Large Employer (ALE) status
Categorize and monitor employee eligibility (full-time, full-time equivalent, variable hour, and seasonal)
Produce, distribute, and file forms 1094-C and 1095-C