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Year-End ACA Reporting

Can you believe year end is almost here? I know – time sure flies when you are having fun.

There are many tasks that come with year-end wrap-up, and fortunately iSolved has the ability to help you with most of those tasks. One of these tasks is ACA reporting: After a few setup items, iSolved is able to populate your 1094s and 1095s – and we can then handle the printing and filing for you.

You are required to report if you are an applicable large employer (ALE). What is an ALE? According to the IRS, an ALE is a company who “has at least 50 full-time employees, including full-time equivalent employees, on average during the prior year.” Essentially, if you had an average of 50 full-time and full-time equivalent employees in 2018, then you will need to report for 2019.

If you are unsure about your status, there is a report in iSolved that can determine it. This report is called the ACA Large Employer Compliance Test. It can be found by navigating to Reporting > Client Reports. To find out your average employee count for 2018, you would run it with a date range of 1/1/2018 to 12/31/2018. If you recently gained this status or are currently an ALE and NOT using our service, please reach out to premium@payrollcompany.biz or by phone at 877-763-5111 to set up a time to discuss how this service may help you!