The Affordable Care Act has imposed a significant compliance burden on most businesses.Employers are required to submit complex reports detailing employee health coverage, hours worked, and number of employees. These IRS Forms 1094 & 1095 are complex and time consuming. Software to keep up with these changing tax forms and HR Solutions are complex, and require annual upgrades. Most of these solutions are out of reach for small to mid-sized companies.
PEOs invest millions in infra-structure and technology to process payroll. They are the administrative employer for thousands of employees. Their sophisticated web based tools and powerful back office data base applications allow PEOs to prepare customized payroll reports for all types of industries. The PEO’s goal is to streamline and automate the daily administrative functions, allowing them more time to devote to tasks which require personal attention. This includes generating ACA IRS 1094 & 1095 reports and more.
Solutions include web based payroll systems, secure portals for personnel data, time capture and electronic transfer to payroll systems, electronic on-boarding for large groups, including health and retirement enrollment. Multi-layered security allows different levels of access to employees and managers.The