ROCK HILL, SC / ACCESSWIRE / July 13, 2022 / ACAwise is a full-service provider of ACA reporting services. Under the Affordable Care Act, the IRS requires that applicable large employers (ALE) and health insurance providers report coverage information on Forms 1094/1095-B and/or Forms 1094/1095-C.
These must be completed and filed with the IRS annually for each individual that was covered, they must also distribute recipient copies of these forms to maintain IRS compliance. In addition to filing with the IRS, some states also have a filing requirement. Failing to file these forms in a timely manner with the correct information can result in hefty IRS and state penalties.
This is where the ACAwise solution comes into play. With ACAwise, businesses can completely customize their ACA reporting solution to fit their specific filing needs. ACAwise clients can choose from Elite or Core Services and additional services like TIN Matching and Whitelabeling.
Businesses can now further customize their reporting solution with ACAwise by choosing from their State-only Filing option and Postal Mailing Services. Applicable large employers that are seeking a solution for state-filing only can easily find this with ACAwise. The ACAwise team generates the forms in the correct state format using the data provided by the employers. Then pending the client's final approval, Forms 1094/1095 will be e-filed securely with the state(s).
The same is true of Postal Mailing services. Any employer or provider that is seeking a simple solution purely for distributing copies of the forms to their recipients can find this custom option with ACAwise.
The team at ACAwise is able to print copies of the forms and mail them as needed to the client's recipients regardless of how high the volume of forms is. Additionally, ACAwise uses USPS Validations to verify that the recipients' addresses are correct.
When asked about these custom ACA reporting options, CEO and Co-founder of ACAwise, Agie Sundaram, responded stating, "The team at ACAwise is dedicated to providing the perfect ACA reporting solution for every one of our clients, no matter their size or different filing requirements. By offering State-only filing and Postal Mailing Services, our clients can customize their solution even further."
Learn more about the many ACA reporting services offered by the ACAwise team at www.acawise.com.
About SPAN Enterprises
SPAN Enterprises is the parent company of ACAwise and a variety of other business management and e-filing applications. Located in the small city of Rock Hill, SC, SPAN Enterprises proves that big ideas grow in small towns.
With existing Business Management and E-filing Applications such as TaxBandits, ExpressTruckTax, and ExpressTaxExempt, SPAN Enterprises is at the forefront of innovative applications. Learn more at https://www.spanenterprises.com/.
For any media inquiries, please reach out to Stephanie Glanville, Content Writer at stephanie@spanenterprises.com.
SOURCE: ACAwise
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