Ultimate Software Receives Certification from the IRS for Electronic ACA Filing
Date: September 21, 2015 10:00 AM EDT
Ultimate Software (Nasdaq: ULTI), a leading provider of human capital management (HCM) solutions in the cloud, announced today that it has received certification from the Internal Revenue Service’s (IRS) Affordable Care Act Information Returns (AIR) Program. Completion of this certification program allows Ultimate to electronically file required Affordable Care Act compliance documents with the IRS on behalf of Ultimate’s customers.
The Patient Protection and Affordable Care Act (PPACA, also most commonly known as simply ACA) requires all U.S. employers with at least 50 full-time employees, including full-time equivalents, to file Forms 1094-C and 1095-C with the IRS in early 2016 or they will be subject to penalties for failure to comply.
Any software developer or transmitter filing Forms 1094-C and 1095-C on behalf of another employer must be approved through the IRS AIR program, which opened up at the end of July. With the AIR certification, Ultimate adds an additional level of service and value to its existing ACA Employer Services offering by being able to electronically file required ACA documents on behalf of customers.
“Vendors do not have to obtain this certification if they want to file manually, but we want to ensure rapid compliance for our customers—so we took this extra step,” said Adam Rogers, chief technology officer at Ultimate Software. “We’re very pleased to lead our industry with this certification and set the standard in saving our customers time and in helping organizations manage ACA compliance as quickly and smoothly as possible.”
Ultimate Software’s UltiPro solution delivers a comprehensive set of ACA functionality and reporting, giving its customers everything they need to meet compliance for the 2016 deadline. All of Ultimate’s customers have access to UltiPro’s ACA Toolkit with the fall 2015 release of UltiPro. Functionality within the ACA Toolkit includes the automatic population of all lines on Forms 1094-C and 1095-C. Additionally, through its ACA Distribution Services and ACA Management Services, Ultimate provides its customers the option to have Ultimate file Forms 1094-C and 1095-C on their behalf.
Ultimate customers leveraging ACA Distribution Services or ACA Management Services will not be required to take any action with the IRS for ACA filing. As a certified and IRS-approved transmitter, Ultimate will:
• Securely manage and file electronic submissions based on IRS specifications
• Ensure timely transmittal of returns to the IRS
• Promptly correct any transmission error that causes an electronic transmission to be rejected
“We are excited to have Ultimate handling our ACA filing for us, and this certification validates Ultimate’s commitment to managing the process as effectively as possible,” said Keith Norwood, chief human resources officer, Armacell. “It will remove a great deal of stress and administrative burden from our team and will enable us to focus on important, more strategic initiatives.”
About Ultimate Software
Ultimate is a leading provider of cloud-based human capital management (HCM) solutions, with more than 20 million people records in the cloud. Ultimate’s award-winning UltiPro delivers HR, payroll, talent, and time and labor management solutions that connect people with the information they need to work more effectively. Founded in 1990, the company is headquartered in Weston, Florida, and employs more than 2,700 professionals. In 2015, for the fourth consecutive year, Ultimate was ranked in the top 25 on FORTUNE’s list of the 100 Best Companies to Work For; recognized for the third year in a row as one of Achievers’ 50 Most Engaged Workplaces™ in North America; ranked #7 on Forbes magazine’s list of the 100 Most Innovative Growth Companies; named among the InformationWeek Elite 100, honoring innovation in business technology; and recognized as a “Leader” in Nucleus Research’s HCM Technology Value Matrix. Ultimate has more than 2,800 customers with employees in 160 countries, including Bloomin’ Brands, Culligan International, Major League Baseball, Pep Boys, Texas Roadhouse, and Yamaha Corporation of America. More information on Ultimate’s products and services for people management can be found at www.ultimatesoftware.com.
UltiPro is a registered trademark of The Ultimate Software Group, Inc. All other trademarks referenced are the property of their respective owners.
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