ROCK HILL, SC / ACCESSWIRE / November 24, 2020 /Since Congress voted to eliminate the Federal Individual Mandate, and effectively did so beginning in tax year 2019, many states have adopted state individual mandates. Now, Applicable Large Employers must meet ACA reporting requirements with both the IRS and their state agency.
To alleviate the additional stress of state mandated ACA Reporting, ACAwise supports filing with the following states:
California - Employers of California now have new responsibilities under the state's Healthcare Law, this means they must report on the health insurance coverage offered to their employees residing in California to the California Franchise Tax Board. ACAwise has access to file your Forms 1094 and 1095 with the CaliforniaFranchise Tax Board before the March 31, 2021 deadline.
The District of Columbia mandates healthcare reporting that mirrors the ACA's mandate closely. Employers are required to report coverage information to the state regarding all of their employees residing in D.C. With ACAwise, employers can electronically file the ACA Forms 1094 and 1095 with the District of Columbia's Office of Tax and Revenue by the deadline on April 30, 2021.
Massachusetts - Massachusetts is unique and has a specific form that employers must use for their ACA reporting. This is the Form MA 1099-HC, which must be filed electronically with the Department of Revenue by the March 31, 2021 deadline. ACAwise supports the Form MA 1099-HC and has the ability to file it electronically on your behalf with Massachusetts.
New Jersey - New Jersey mandates that employers who provide minimum essential coverage to their employees must provide documentation to the state, this must be done electronically using the MFT Secure transport service. ACAwise has access to file your ACA Forms 1094 and 1095 with New Jersey using this system and can easily do so before the deadline on March 31, 2021.
Rhode Island requires employers to file their ACA Forms 1094 and 1095 with the Rhode Island Division of Taxation. ACAwise is equipped to e-file these forms with the state by the March 31, 2021 deadline.
There are a few other states that have begun the process of setting up individual mandates, including Vermont, Washington, Minnesota, Maryland, Hawaii, and Connecticut. ACAwise will continue to add to the state filing solutions as clear requirements for each of these states become available.
When asked about state e-filing solutions, Agie Sundaram, CEO and Co-owner of SPAN Enterprises, the parent company of ACAwise, stated, "As the Affordable Care Act continues to change, our services continue to expand. Our team of experts is constantly working to ensure that we are a step ahead. This enables us to address and handle every aspect of ACA compliance for all current and future clients".
SPAN Enterprises, the creator of ACAwise, is an industry leader of software solutions of e-filing applications, business management solutions, and the transportation industry. Located in the heart of downtown Rock Hill, South Carolina, SPAN proves that big ideas can grow in a small town. With existing Business Management applications such as TruckLogics and Unitwise, ACAwise, a complete ACA reporting software, and PayWow, a full-service payroll provider, SPAN Enterprises is on the front lines of innovative business solutions. Learn more at http://www.spanenterprises.com.
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