ACA Compliance in New Mexico
If you’re operating a business in New Mexico with 50 or more full-time employees, ensuring ACA compliance is no longer optional – it’s essential. ACA-Track provides a streamlined solution to help you track, report, and maintain compliance with ACA requirements, so you can focus on growing your business without the worry of IRS penalties.
Track Employee Hours and FTEs with Ease
Accurately tracking employee hours, including part-time, full-time, variable-hour, and seasonal workers, is critical for ACA compliance. ACA-Track automatically collects data from your existing payroll and HR systems, including timekeeping software, mobile time entry, and manual timesheets, to calculate full-time equivalent (FTE) status. This helps ensure you’re meeting ACA requirements and avoid penalties for misclassification of employees.
Benefit Eligibility and Waiver Tracking
Tracking when employees become eligible for benefits, or when they opt out, is a vital part of ACA compliance. ACA-Track monitors employee events such as waivers and leaves of absence, and alerts you when an employee exceeds the eligibility thresholds. These advanced alerts help you manage coverage offerings and prevent costly oversights that could lead to fines.
Automated ACA Reporting: 1094-C and 1095-C
Generating and submitting the IRS-required ACA forms can be time-consuming and prone to errors. ACA-Track simplifies the process by automatically creating 1094-C and 1095-C forms, ensuring accurate reporting. Whether you’re filing for the federal government or state healthcare exchanges, ACA-Track generates your reports with the correct codes, and provides e-filing capabilities to submit directly to the IRS, saving you time and reducing the risk of penalties.
Comprehensive Reporting and Audit Support
ACA-Track not only generates IRS-compliant reports but also maintains all employee ACA data in one secure location, providing easy retrieval for IRS audits or state healthcare requests. In the event of discrepancies or audits, ACA-Track includes built-in error checking and correction tools to resolve issues quickly. Our dedicated account managers are available to guide you through any necessary corrections and submissions.
Why Choose ACA-Track?
ACA-Track integrates seamlessly with your payroll systems and ensures compliance with all ACA regulations, from FTE calculations to tracking benefit eligibility, waivers, and more. We provide ongoing client support with dedicated account managers and training, and offer robust data protection with SSAE 16 SOC 2 Type 1 compliance. No matter how complex your ACA tracking needs are, ACA-Track offers a simple, data-driven solution for businesses in New Mexico.
Understand Your Full-Time Employee (FTE) Status
Determining your full-time employees is a key component of ACA compliance. Use our ACA Full Time Employee Calculator to ensure you’re accurately classifying employees. This tool helps you understand your FTE count and manage benefits eligibility, preventing errors that could result in penalties.
Learn More About ACA Compliance
ACA compliance can be complex, but ACA-Track makes it simple. To understand more about how we help businesses in New Mexico stay compliant, visit our FAQ page or explore our ACA Tracking and Reporting services.
About ACA-Track
Developed and powered by PSST, ACA-Track has over 30 years of experience delivering seamless software solutions for HR, payroll, finance, and benefits management. To find out how ACA-Track can help your business, visit our About ACA-Track page.