West Des Moines, Iowa (November 19, 2015) – Businessolver, a leading benefits administration technology company, today announced the company has received official notification from the Internal Revenue Service (IRS) that it is now an “Approved Transmitter,” allowing the electronic filing of compliance documents to the Affordable Care Act Information Returns (AIR) program on behalf of its clients.
Though the AIR program is expected to go live in late 2015, February 2016 marks the first reporting deadline for companies with more than 50 people to file corresponding ACA compliance documents. Failure to meet this deadline could result in costly penalties from the IRS.
Though vendors are able to file manually with no authorization, in order to be able to file via the more expedited electronic method, IRS certification is necessary. Additionally, electronic filing is required for organizations that have 250 or more people.
“With exorbitant fees being the result of missing this deadline and available options for third-party filing dwindling, we felt it was absolutely necessary to go the extra mile for our clients and be one of the first vendors to obtain this certificate and add this capability to our robust ACA Compliance Suite,” said Businessolver President and CEO Jon Shanahan.
The Businessolver ACA Compliance Suite℠ is built by experts in the law, and brings the power of three compliance solutions together with an industry-leading benefits technology to deliver a single solution. Businessolver’s ACA compliance software allows flexibility so the customer can choose the pieces required to help them maintain compliance – now and into the future.
To learn more about Businessolver’s ACA Compliance Suite, please visit: https://www.businessolver.com/what-we-do/tools/aca-statustracker
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About Businessolver: Since 1998 Businessolver has delivered market-changing benefits administration technology supported by an intrinsic responsiveness to client needs. It creates client programs that maximize benefit program investment, minimize risk exposure, and engage employees with easy-to-use solutions and communication tools to assist them in making wise and cost-efficient benefit selections. Founded and developed by HR professionals, Businessolver’s unwavering service-oriented culture and secure SaaS platform provides measurable success in its mission to provide complete client delight.
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