ACA Reporting Services

What Is the Affordable Care Act?

In 2010 the Affordable Care Act (ACA), often referred to as “Obamacare,” was signed into law, providing more Americans with health insurance coverage that is affordable and meets a minimum value. Beginning in 2015, the ACA generated additional ACA reporting requirements for employers and insurance carriers pursuant to IRC Section 6055 & 6056. The IRS ACA reporting requirements apply to employers with 50 or more full-time employees.

How Can SPS/GZ Assist?
SPS/GZ is a full-service ACA reporting firm that provides personalized service and exceptional support, utilizing state-of-the-art technology to create and e-file ACA forms.

Our ACA Reporting Services

Each client is assigned a dedicated account representative who is fully trained on all aspects of the ACA requirement. Our highly trained professionals will conduct a comprehensive assessment of your company’s health plan and employee workforce to truly understand your reporting needs. We provide a highly secure portal with robust proprietary software that will code the complex Form 1094-B, Form 1095-B, Form 1094-C, and Form 1095-C to meet the IRC 6055 and IRC 6056 reporting obligations. SPS/GZ’s ACA experts will thoroughly review the data prior to form creation, including a specific review for ACA penalty triggers. SPS/GZ accepts imports from all major payroll and HRIS systems. Clients can upload exports directly to our secure portal, and SPS/GZ will compile the necessary information to create, print, mail and file the applicable forms meeting all ACA deadlines and requirements.

How does SPS/GZ differentiate itself from other ACA compliance providers?

Trained experts review the data first and identify potential issues that could trigger penalties before the ACA tax forms are even created!
SPS/GZ truly invests in our clients by reviewing ACA tax forms for completeness and accuracy.
Just like our 1099 and 6039 reporting services, we provide year-round support for clients, including planning and post-filing assistance.
Our system is supported by an employee benefits attorney who is an expert in ACA reporting requirements.
The SPS/GZ platform provides Variable Hour Measurement AND Coding for Form 1094-B, Form 1094-C, Form 1095-B, Form 1095-C
We offer complimentary TIN-Matching services to help reduce errors prior to reporting.
A three-pronged quality control process before mailing to ensure data security.
Printing and mailing of ACA tax forms via First Class Mail.
Our comprehensive offering features all aspects of the spsgzXchange™ portal.

ACA Outsourcing – Why It’s Critical

Companies occasionally encounter challenges and errors when filing their ACA tax forms. One common mistake involves inaccuracies in the completion of forms such as the 1095-C, which provides information about healthcare coverage offered to employees. Errors may arise due to misinterpretation of complex ACA filing regulations, leading to incorrect or incomplete reporting of employee information, coverage details, or affordability calculations. This of course can trigger an ACA penalty in many cases.

Another prevalent issue is the failure to meet ACA deadlines, which can result in penalties. Additionally, inadequate record-keeping practices or reliance on outdated systems may contribute to discrepancies in reported data. To mitigate these errors, companies must work with an ACA reporting services provider with a thorough understanding of ACA requirements and experience with mitigating and resolving penalties. Beyond that, a business needs to maintain accurate records, implement effective data management systems, and allocate sufficient resources for ACA compliance efforts, including staff training and professional assistance when necessary.


Organizations & Accolades

Contact us to learn how SPS/GZ can be your company’s trusted partner for stock plan administration and tax form reporting services.