Affordable Care Act: Out-of-the-box or with an add-on, we’ve got you covered!
With readiness for Affordable Care Act compliance being top-of-mind in the business world these days, we in the Microsoft Dynamics® GP community have got to stand proud: Whatever an employer’s concerns may be for generating the two new IRS form required for ACA compliance, GP users can meet them right from within their trusted ERP system!
Did you know that Dynamics GP is the only Microsoft ERP system with out-of-the-box tools for ACA reporting?
Yes, thanks to the efforts of our GP payroll engineer Terry Heley, users of Microsoft Dynamics® GP 2013 R2 and later releases can – in many cases – produce the new IRS forms required for ACA reporting. Review this blog post to see how the GP team built ACA functionality into the HR module, which is available to you at no additional cost.
What you get out-of-the-box with GP is all that’s needed when your organization:
is singly owned
has a stable workforce with many salaried employees and hourly employees with predictable schedules
already offers health coverage
has fewer than 250 full-time (ACA-defined) employees.
If your organization doesn’t fit this description, you still can use GP to do ACA reporting as required by the IRS, but you will need an add-on. Following are the three circumstances not covered by standard ACA functionality in GP:
E-filing for Form 1094-C
Unified reporting on 1094-C when processing payroll across multiple GP Payroll databases
ACA penalty risk management
Such functionality is needed when:
An employer will be producing 250 or more 1095-Cs. According to IRS rules, the transmittal for these (Form 1094-C) must be filed electronically.
An employer is part of a commonly controlled or affiliated group. The IRS requires your submission of Form 1094-C to unify the reporting from all entities.
Any of the following describe a workforce – many hourly employees, wages that are lower, schedules that vary, turnover that is frequent. When any of these are the case, an employer is at risk of ACA penalties for coverage non-compliance, creating a BI need for deep internal reporting on a monthly basis in addition to capabilities for year-end regulatory reporting.
If your organization fits one of the three above categories, one ACA reporting tool can help you be IRS-compliant without leaving GP. Learn more at http://www.integrity-data.com/software/aca-compliance/