Still Dealing with the Affordable Care Act on Your Own? Let Us Help!

The Affordable Care Act (ACA) has presented employers with some very specific record keeping and reporting requirements. As if running a successful business wasn’t already stressful and time consuming enough! Have no fear, there is light at the end of the tunnel as I have some great news for you. You no longer have to handle navigating the complexities of the ACA on your own.

The Payroll Factory® offers an ACA Monitoring service that helps employers eliminate confusion and stay compliant. With this service, your company will have more time to focus on what you do best which are the things that keep you in business and make you successful. Leave the ACA to us with this amazing product brought to you by our Payroll Software Provider Execupay in just 5 simple steps:

Step 1.) Company Settings – Global settings to ensure results are accurate

Step 2.) Large Employer Status – Checks to see if you are classified as a “Large Employer” under ACA (50 or more full-time employees)

Step 3.) Employee Classification – Checks to make sure if your employees are classified correctly based on hours worked (full-time or part-time)

Step 4.) Employee Coverage – Ensures that full-time employees are receiving benefits or are at least being offered them

Step 5.) Employee Affordability – Ensures that your company is following affordability guidelines under the ACA (ACA Health Benefits must not cost the employee more than 9.5% of the employee gross wages or penalties will occur)

Additionally, at the end of every year, The Payroll Factory® will also produce the required Forms 1095-C to issue to your employees and file the reconciliation return Form 1094-C on your company’s behalf.

Please contact us today if you’d like more information or to schedule an ACA review of your company!

• Jason Saul, Director of Sales
• (610) 644-4569
• jason@prfusa.com