Payroll giant ADP has introduced additional tools to enable small businesses to comply with the complicated provisions of the Affordable Care Act.
The company has added extra tools and resources to its RUN Powered by ADP human resource and payroll software. The new ACA Full Time Equivalent calculator and tax credit assist tools add to the suite of software already available to further help small business owners improve compliance, leverage potential tax credits, and help determine their status under the ACA's Shared Responsibility Provision.
"Because we serve more than 425,000 small business clients, we understand how demanding running a company is,” said Anish Rajparia, president of ADP Small Business Services, in a statement. “That's why we are continuously enhancing our RUN platform to make it easier for small business owners to reduce compliance risks, improve cash flow, and attract and retain employees."
The newly added features complement other small business ACA-related tools and resources that clients have already been using on ADP's RUN HR and payroll system, including an ACA Dashboard , which provides tools, reports, and links to help clients understand how the ACA affects their business and employees. Another existing tool is ADP's Pay-by-Pay Premium Payment Program for Workers' Compensation helps to manage the cash businesses spend on workers' compensation premiums. A Time and Attendance tool provides workforce planning to improve time tracking, apply employee schedules and monitor employee hours to help clients comply with employer shared responsibility provisions of the Affordable Care Act. Health Care Tax Credit Assist automatically integrates with RUN and organizes information about employees, which includes wages, hours and premiums to help businesses determine their eligibility for the Small Business Health Care Tax Credit. In addition, ADP’s ongoing ACA alerts and education provide regular legislative and regulatory alerts and educational materials, including webinars and updates, to help clients keep apprised of latest ACA developments.
For more information, visit www.adp.com/runpayroll.