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PrismHR Partners With SyncStream to Offer Streamlined ACA Compliance Solutions
Vanessa Tyndall • January 18, 2023
HR service providers can now offer their clients a complete solution to properly track, manage, file, and defend ACA compliance
Hopkinton, MA – January 16, 2023
– PrismHR, a leading HR technology software company powering payroll, benefits, and HR for businesses across the U.S., announced that it has partnered with SyncStream to offer its HR service providers and their clients a streamlined Affordable Care Act (ACA) compliance solution.
SyncStream’s unique workflow makes it easy for employers to meet ACA compliance requirements by combining employer data with ACA analytics. Their team of certified compliance experts provides HR service providers’ small-business clients with regular compliance reviews, a dedicated account representative, and comprehensive coverage during onboarding and offboarding.
SyncStream solutions include:
- Advanced Technology: Software logic and processes are audited by an ERISA attorney and frequently monitored for compliance.
- Experienced Support: All support staff have more than five years of ACA experience, and have filed for more than 25,000 companies.
“The experts at SyncStream truly understand the complexities of ACA compliance, and we are thrilled to have them as a Marketplace partner,” said Tim Pratte, PrismHR’s president of the HRO Business Unit. “SyncStream’s proven experience coupled with thoughtful technology has allowed them to create an ACA solution designed to save our PEO and staffing customers time and resources while helping to safeguard them from potential IRS actions.”
“We are thrilled to be partnering with PrismHR, which will enable us to assist PEOs in streamlining ACA compliance for their clients,” said Shannon Scott, SyncStream’s CEO. “SyncStream’s proprietary solution and team of compliance experts will empower PrismHR’s network of clients to help mitigate IRS penalties, alleviate administrative burdens, minimize errors and achieve ACA compliance.”
To learn more, view SyncStream’s and PrismHr's Marketplace page.
About SyncStream
SyncStream is one of the first software companies to simplify ACA and EEO-1 reporting requirements. The company has successfully fulfilled over five million employee forms and served more than 25,000 customers with a 98% customer retention for both federal and state filings.
About PrismHR
PrismHR’s mission is to fuel the growth of small and medium-sized businesses (SMBs) across the U.S. Our HR software, combined with our ecosystem of HR service providers, enables SMBs to manage payroll, benefits, and HR, leveling the playing field with large enterprises. Today, PrismHR software delivers world-class HR services to more than 80,000 organizations and over 2 million worksite employees, processing greater than $80 billion in payroll each year. PrismHR is located in Hopkinton, Massachusetts. For more information, visit www.prismhr.com.
Media Contacts
SyncStream:
Vanessa Tyndall
PrismHR:
Natalie Rockefeller
Have Questions or Need More Information?
As part of the Tax Cuts and Jobs Act (TCJA), the Affordable Care Act’s (ACA) individual mandate penalty was repealed effective January 1, 2019; however, the TCJA did not repeal the employer mandate nor its reporting requirements. Employers should be prepared to respond to IRS Employer Shared Responsibility Provision (ESRP) penalty letters and continue to prepare for 2024 reporting, which will occur in the first quarter of 2025.
Join SyncStream Solutions at 2025 IPPA Spring Summit, March 11-13, 2025, at Paris Las Vegas, in Las Vegas, NV. It's a must-attend event for all payroll company owners, sales and marketing and operations/tax compliance leads. It is a valuable networking event!
There is some potential legislation pending presidential approval that could affect the Affordable Care Act (ACA) employer reporting requirements. It’s unclear if these bills will become law, but as we are amid filing season, wanted to share a summary of what we know.
HR service providers can now offer their clients a complete solution to properly track, manage, file, and defend ACA compliance
Hopkinton, MA – January 16, 2023
– PrismHR, a leading HR technology software company powering payroll, benefits, and HR for businesses across the U.S., announced that it has partnered with SyncStream to offer its HR service providers and their clients a streamlined Affordable Care Act (ACA) compliance solution.
SyncStream’s unique workflow makes it easy for employers to meet ACA compliance requirements by combining employer data with ACA analytics. Their team of certified compliance experts provides HR service providers’ small-business clients with regular compliance reviews, a dedicated account representative, and comprehensive coverage during onboarding and offboarding.
SyncStream solutions include:
- Advanced Technology: Software logic and processes are audited by an ERISA attorney and frequently monitored for compliance.
- Experienced Support: All support staff have more than five years of ACA experience, and have filed for more than 25,000 companies.
“The experts at SyncStream truly understand the complexities of ACA compliance, and we are thrilled to have them as a Marketplace partner,” said Tim Pratte, PrismHR’s president of the HRO Business Unit. “SyncStream’s proven experience coupled with thoughtful technology has allowed them to create an ACA solution designed to save our PEO and staffing customers time and resources while helping to safeguard them from potential IRS actions.”
“We are thrilled to be partnering with PrismHR, which will enable us to assist PEOs in streamlining ACA compliance for their clients,” said Shannon Scott, SyncStream’s CEO. “SyncStream’s proprietary solution and team of compliance experts will empower PrismHR’s network of clients to help mitigate IRS penalties, alleviate administrative burdens, minimize errors and achieve ACA compliance.”
To learn more, view SyncStream’s and PrismHr's Marketplace page.
About SyncStream
SyncStream is one of the first software companies to simplify ACA and EEO-1 reporting requirements. The company has successfully fulfilled over five million employee forms and served more than 25,000 customers with a 98% customer retention for both federal and state filings.
About PrismHR
PrismHR’s mission is to fuel the growth of small and medium-sized businesses (SMBs) across the U.S. Our HR software, combined with our ecosystem of HR service providers, enables SMBs to manage payroll, benefits, and HR, leveling the playing field with large enterprises. Today, PrismHR software delivers world-class HR services to more than 80,000 organizations and over 2 million worksite employees, processing greater than $80 billion in payroll each year. PrismHR is located in Hopkinton, Massachusetts. For more information, visit www.prismhr.com.
Media Contacts
SyncStream:
Vanessa Tyndall
PrismHR:
Natalie Rockefeller
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