Easy data entry is one of TRAX ACA’s leading benefits that many employers take advantage of to file 1094-C/1095-C tax effortlessly. As you already know, IRS penalties will be strictly imposed when you submit incorrect information. The maximum penalty for non-compliance can go up to a staggering six million dollars (for both the employee statement and the IRS return forms). Because our software allows you to enter data easily, ACA reporting is akin to a walk in the park!
When it comes to data entry, TRAXPayroll provides our clients with best in class functionality. Here is a quick look at the key advantages of using TRAX ACA for data entry:
When you use TRAX ACA, you will realize that some of the data entry tasks are as simple as clicking on “yes” or “no” questions. Also, when setting up your ACA profile, you are given a drop-down menu to simply choose your answers. Other data entry processes will also only take up a paltry amount of time, as we have designed it to be as accessible as possible to a wide base of users. You can set default values for SHOP marketplace identifiers, safe harbor codes, health coverage codes, and even make changes globally to multiple employees at once.
TRAXPayroll has served many clients from a wide array of industries by tailoring solutions to meet their specific business needs. We have many years of experience in implementing software systems for payroll processing, time & labor management, and employee benefits. That’s why with our new TRAX ACA offering, you can be sure that you are in good hands.
If you wish to find out whether our TRAX ACA software suite is right for your company, feel free to call us today at 866-872-9123 or email us for more information.