Accounting and financial management software maker Red Wing Software has added a new function to its CenterPoint Payroll Software that allows employers to track and report required ACA information for tax filing purposes.
The new feature allows employers to track ACA information so it will appear on forms 1094-C and 1095-C. Current CenterPoint Payroll users can now download and install this newest version, 9.18, even though the final versions of forms 1094-C and 1095-C will not be available until the week of December 21, 2015, when Red Wing Software releases the end-of-year tax forms and tax table updates. Customers will automatically be prompted to perform an update when the forms are ready.
The ACA reporting tools are all included as standard reports within CenterPoint Payroll.
"The new ACA reporting feature definitely solves an issue employers have been thinking about. Many employers need to file forms 1094-C and 1095-C, and without the ability to track the corresponding information in their payroll system, they would need to search for the information and fill out these forms manually," Red Wing Software President Ken Hilton said in a statement. "Having this report available helps our customers save time and feel confident knowing they can eFile forms 1094-C and 1095-C in 2016, for the 2015 tax year."