SOURCE: First Capitol Consulting, Inc.

First Capitol Consulting, Inc.

First Capitol Consulting, Inc.

June 07, 2016 06:00 ET

First Capitol Consulting Simplify ACA Compliance With New Online Tool

LOS ANGELES, CA--(Marketwired - June 07, 2016) - Los Angeles-based business consulting company, First Capitol Consulting (FCCI) -- also responsible for the publication The ACA Times -- has announced the formal release of their ACA Compliance Tool. The tool, also known as OUTTHINK RISK, provides an online assessment of best practices for employers and ACA compliance.

With the Affordable Care Act having implemented several new procedures for the 2015 tax year, margins of error have become increasingly frequent, often resulting in escalating the risk of employer penalties -- most of which can easily be avoided. FCCI's ACA Compliance Tool utilizes cutting edge technology at the management of ACA professionals who analyze organizations from within to determine best practices.

Their findings might surprise you. Per FCCI's ACA Compliance Tool, the most common mistakes that result in employers' high penalties include: Faulty application of the Employer Aggregation Rules, Miscoding lines 14-16 (Employer Offer of Coverage) on Form 1095-C, No "Minimum Value" certification and "Affordability" determination of company healthcare plan.

For a limited time, First Capitol Consulting will provide a free ACA compliance audit, reviewing the following information: W-2 count, Active employee count, Full-Time/Part-Time status determination, Summary of Benefits and Coverage, Company healthcare plans' waiting period policy, Up to 10 completed 1095-C Schedules, and Completed 1094-C Schedules.

To access the online ACA Compliance Tool, visit http://outthinkrisk.com/riskinsight/. Call Gregg Kasubuchi at (213) 355-5108 or email gkasubuchi@fcci.us.com to schedule a free audit.

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