The Affordable Care Act is upon us. As most businesses are well aware, this means quite a few changes are occurring regarding information tracking and reporting requirements for HR departments. Many businesses have spent considerable time wrapping their heads around the new regulations, let alone adapting to them.
Luckily for Microsoft Dynamics GP users, Microsoft’s developers are proactive. Microsoft Dynamics GP 2015 is equipped to handle the ongoing changes proposed by the ACA, including a health insurance window dedicated to tracking ACA updates, and reporting functionality needed to track employee information relevant for the ACA requirements. Upcoming versions will include built-in compliance rules specific to the ACA, updated tax forms and additional reporting once the IRS finalizes the ACA requirements.
Take a look at the video below for an in-depth look at how the HR and Payroll modules have been updated in Microsoft Dynamics GP 2015 to accommodate the Affordable Care Act:
Are you using Microsoft Dynamics GP to track ACA compliance information, or to perform your Year End Close? If so, there are critical updates regarding 2015 year end tax forms, 2016 tax updates and ACA info tracking that must be completed before doing so. Give us a call for information on these important updates and learn how to position your company for ACA compliance.