BIR: Great advice. And if someone doesn’t want to tackle it themselves, what’s the first thing they should do if they’re ready to reach out for some help?
Adam: Well if you do get overwhelmed, call a professional… an ACA specialist. So not an accountant, not a shrink though you may need one of them too. But an ACA expert will know the questions to ask and the best course of action to take. So as I just mentioned before, if you have a hundred employees, every one of them full-time and every one of them offered affordable coverage – that’s a straightforward case. And even if you’re completing all the 1095c’s by hand, though it’s time-consuming, its not really difficult. When you have to make full-time and part-time evaluations, that’s when it can exponentially complicate your task and increase your risk of penalty if you miss one of those full-time employees. And then when you get over 250 forms to file, again you’re required to submit electronically and you categorically need some specialized software or service to get that done. There’s no way you can do that manually. It’s not like a web form or anything. It’s an XML document that you have to upload to the IRS and there’s no way that 99% of companies can prepare this on their own. So be aware that most of these options still lack the tracking and management that a lot of businesses need throughout the year but at least that will get you a general approach.
BIR: Great, that’s perfect, that’s excellent. It’s exactly what I was looking for, thank you. So how can our readers find out more about how they can go about doing this, how they can reach out for help if they find what you’ve shared with them is helpful and want to consider looking at your software to simplify this; what’s the first thing they should do?
Adam: Okay so if you find out that you’re prepared to handle this in-house and on top of what we’ve discussed not to mention we haven’t even talked about things like the social security number validation or filing corrections. And I didn’t get a chance to go into our full service option where we administer everything for you. We do have the software as we’ve talked about already. So without a doubt the best option is talking to a real person. So the number here is 847-729-7900, ask for me and I can help you figure out your best option. If you are ready to take the leap and have pricing or sales type questions, we’ll connect you to Marty, and if you really hit it off – she’ll send you pics of her grandson. And if you don’t have a phone, I do periodic Passport webinars which are always free or you can email me at amiller@pass-port.com. And if human contact of any sort is off the table, you’ll be happy to know we have a YouTube channel with dozens of helpful videos.
BIR: That’s great. It sounds like you have a lot of resources that our readers can tap into to really educate themselves and feel comfortable knowing that they’re moving in the right direction as well as having that expert assistance to be able to go out there and make that happen.
Adam: Yes. If they want to call me I’m happy to talk with them and put them on the right track. I’ll ask a few questions about their business making sure that they know what they’re going to need to do.
BIR: That’s great! Well I appreciate you you spending the time with us here today. You’ve really shared a lot of golden nuggets and a lot of very detailed and useful information which I think can help a lot of our business owners and readers out there that are having these challenges and wondering now, “am I doing this right”, “do I need to be doing this differently” and giving them some rock-solid solutions to help them do that. So I really appreciate you being with us today Adam and I’m sure we’ll be talking again soon.
Adam: Markus it was my pleasure, thanks for having me. And I really hope people learned a little bit and are at least a little less worried about what’s ahead of them.
BIR: Absolutely! You’re very welcome.
About Adam Miller
Not only is Adam an expert in ACA (Affordable Care Act) Reporting, He has a background in engineering, the service industry, and print, which makes him a technically proficient and patient/friendly communicator for ACA Customer Support as well as running the ACA reporting services.
In his spare time, he enjoys building and racing motorcycles (with a particular love of Italian bikes), exploring the regional national parks and forests, and is a nationally accomplished bridge player. He’s been a part of the Passport Software team since 2014.
Passport Software, Inc. is located at 181 Waukegan Rd #200, Northfield, IL 60093. To Learn more about the their leading edge accounting, ACA Management and business software solutions for small to medium sized businesses, visit them online at http://pass-port.com/ or call at 847-729-7900 to talk to Adam.
