ACA | Schulz Consulting

How To Setup ACA Reporting In Sage 100c

April 20, 2017 by Wayne Schulz

The employer shared responsibility provisions were added to the Internal Revenue Code by the Affordable Care Act (ACA). Under these provisions, certain employers (called applicable large employers or ALEs) must either offer health coverage that is “affordable” and that provides “minimum value” to their full-time employees (and offer coverage to the full-time employees’ dependents), or potentially make an employer shared responsibility payment to the IRS, if at least one of their full-time employees receives a premium tax credit for purchasing individual coverage on a Health Insurance Marketplace (Marketplace), also called the Exchange.

Under these provisions, certain employers (called applicable large employers or ALEs) must either offer health coverage that is “affordable” and that provides “minimum value” to their full-time employees (and offer coverage to the full-time employees’ dependents), or potentially make an employer shared responsibility payment to the IRS, if at least one of their full-time employees receives a premium tax credit for purchasing individual coverage on a Health Insurance Marketplace (Marketplace), also called the Exchange.
Whether an employer is an ALE and is, therefore, subject to the employer shared responsibility provisions depends on the size of its workforce. In general, employers employing at least a certain threshold number of employees (generally 50 full-time employees including full-time equivalent employees, which means a combination of part-time employees that count as one or more full-time employees) are ALEs.

Employers subject to the employer shared responsibility provisions, called applicable large employers or ALEs, are required to report under section 6056. An ALE is an employer that employed an average of at least 50 full-time employees (including full-time equivalent employees) on business days during the preceding calendar year.

Consult your tax advisor for rules as they apply to your specific situation prior to implementing any ACA reporting.

Sage 100: ACA Data Assist Toolkit

December 7, 2016 by Wayne Schulz

Struggling to populate your Sage 100 or Sage 100c payroll with the data required for ACA year-end reports? While Sage offers a way to capture ACA reports it doesn’t provide many streamlined ways for you to populate the required data.

This is where ACA Data Assist can help.

One click to enter employee informationACA Endorsement
Easily populate employees monthly detail
Print off all employee monthly detail for easy review
One screen for Monthly Detail and Covered Individuals
Automatically fills in months that employees were not covered
Import Covered Individuals from an external spreadsheet
Can import data already manually entered into Sage, no lost work
Seamlessly import all ACA data into Sage 100
Updated for 2016

For more details on ACA Data Assist for Sage 100 – see this link .

Sage 100 Payroll Alert: ACA Reporting Deadlines Extended For 2015

December 29, 2015 by Wayne Schulz

Versions 4.5 and higher of Sage 100 are fully capable of meeting ACA reporting requirements for 2015. These versions, which must also have the latest product update and IRD installed, will work in conjunction with the Aatrix tax filing services for producing fileable ACA reports.

News today from the IRS indicates that they’ve pushed back the filing deadlines for many of the ACA forms as outlined in the following notice:

IRS Notice 2016-4 today extended the deadline for most ACA filings for the 2015 information reporting requirements (both furnishing to individuals and filing with the Internal Revenue Service (Service)) for insurers, self-insuring employers, and certain other providers of minimum essential coverage under section 6055 of the Internal Revenue Code (Code), and the information reporting requirements for applicable large employers under section 6056 of the Code.

Specifically, this notice extends the due date (1) for furnishing to individuals the 2015 Form 1095-B, Health Coverage, and the 2015 Form 1095-C, EmployerProvided Health Insurance Offer and Coverage, from February 1, 2016, to March 31, 2016, and (2) for filing with the Service the 2015 Form 1094-B, Transmittal of Health Coverage Information Returns, the 2015 Form 1095-B, Health Coverage, the 2015 Form 1094-C, Transmittal of Employer-Provided Health Insurance Offer and Coverage Information Returns, and the 2015 Form 1095-C, Employer-Provided Health Insurance Offer and Coverage, from February 29, 2016, to May 31, 2016, if not filing electronically, and from March 31, 2016, to June 30, 2016 if filing electronically.

For more information on completing the ACA reporting within Sage 100, please review this webinar recording.

Sage 100 ACA Plain Paper Forms Now Available

December 17, 2015 by Wayne Schulz

Plain paper forms compatible with the printing of your Sage 100 ACA form 1095-B and 1095-C have been posted to the Sage Checks and Forms website. These forms, while blank, contain the necessary perforations and instructions to make them compatible with the IRS requirements for form printing.

For more information on the Sage 100 ACA forms – visit Sage Checks and Forms

How Do I Know If I Have ACA Reporting Requirements?

December 16, 2015 by Wayne Schulz

The end of 2015 will bring with it potential Affordable Care Act (ACA) reporting requirements for many companies. The first step in determining your ACA status and whether you will need to report should be to talk with your CPA or financial advisor. In addition, you may visit this Aatrix site which is set up to advise on what type of reporting responsibility your company may have.

Aatrix is the third party solution which manages all of the e-Filing within Sage 100. They’ve developed a useful site which prompts you for some information on your present health insurance and outputs the form codes you may be required to file.

By entering into the site’s form whether you are self-insured or fully insured, whether you are part of an aggregate group (single EIN or multiple EIN reporting) you will see what type of forms may be required.

Aatrix ACA – How do I know if I need to report?

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