“We feel confident about ACA reporting thanks to First Capitol’s intuitive monthly process.”
LPE & Widmor Management, LLC partnered with First Capitol Consulting during the 2015 filing year. When the IRS issued guidance on the reporting requirements of the Employer Shared Responsibilities Provisions under the Affordable Care Act, we knew it would be disruptive to our organization’s normal business operations. Thankfully, First Capitol was there to lift the burden of complying with the ACA off our shoulders and has been for three consecutive years and continuing.
The services provided by First Capitol go well beyond the annual 1094-C and 1095-C filing and furnishing. The first order of business was to decide which measurement would be best for us. Seeing as our organization was made up primarily of variable-hour employees, First Capitol recommended the Look-Back Measurement Method. First Capitol then retrieved several years’ worth of historical payroll data in order to determine who would be full-time. From there, First Capitol would consolidate the latest data and transmit a monthly report. This report identified benefits eligible employees, the dates in which they were required an offer of coverage, and any penalty risk we could be subject to. Over time, our compliance with the ACA improved significantly. Now, well into 2018, we feel confident about our ACA reporting thanks to First Capitol’s intuitive monthly process.
Another major asset First Capitol provided was guidance around affordability. We want all of our staff to have affordable health coverage and determining what was “affordable” in regards to the ACA was challenging. First Capitol educated us on the three safe harbors provided by the IRS and how to claim them. For us, that really solidified our appreciation for their services. First Capitol truly delivered on their promise to be our fully-dedicated ACA service provider.